Networked Quantum Computers: IonQ Acquires Assets of Entangled Networks
Summary
Entangled Networks, previously funded by investors like OurCrowd, marks IonQ’s first corporate acquisition, demonstrating ongoing market and industry leadership. “We believe IonQ is a clear market leader, both commercially and in system performance, which is why our team is so excited to join forces,” said Aharon Brodutch, co-founder and CEO of Entangled Networks. “In acquiring the Entangled Networks assets, IonQ will benefit from not only some of the top experts in quantum architecture, but also from software tools that we intend to use to drive substantial speed-ups in our system performance. More recently, IonQ has established a dominant position in quantum software as well, boasting applications partnerships with customers like Airbus, GE, Dow Chemistry and Hyundai Motors, and contracts with the United States Air Force Research Laboratory and the University of Maryland. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.