NEWS
Infleqtion raises $ 100m to scale atom-based quantum solutions for national security and next-gen intelligent systems
Infleqtion, actively commercializing atom-based quantum systems across computing, sensing and precision timing, has announced a $ 100 million Series C funding round backed by new, existing and strategic investors.
Having generated almost $ 30 million in revenue last year and backed by a customer pipeline topping $ 200 million, Infleqtion will use this investment to scale its atom-based quantum platforms and accelerate deployment of field-ready quantum systems.
Matt Kinsella, CEO, Infleqtion, said:“ This funding fuels our next phase of growth, allowing us to scale transformative technologies with strategic partners who share our vision and serve as go-to-market allies, helping to secure nations and power the next generation of intelligent systems.”
Infleqtion’ s technology is built on atoms and is currently deployed in government and commercial programs around the world.
The company recently demonstrated a materials science breakthrough powered by its Superstaq compiler and Nvidia’ s CUDA-Q platform, marking a key milestone on its path toward scalable, fault-tolerant quantum computing.
The company also unveiled Contextual Machine Learning( CML), a quantuminspired AI system aimed at solving highvalue defense and biotech applications.
Infleqtion is a market leader in quantumenabled positioning, navigation and timing, bringing next-gen capabilities critical for national security.
Infleqtion’ s atomic clocks deliver quantum advantage today, with more than 100x improvements in precision over legacy systems.
These systems are already deployed with NASA and the US Department of Defense and have earned an $ 11M DoD APFIT contract award for missioncritical innovation.
IonQ to acquire Oxford Ionics, accelerating path to pioneering breakthroughs in quantum computing
IonQ is to acquire Oxford Ionics in a transaction valued at $ 1.075 billion.
The transaction will bring together IonQ’ s quantum compute, application and networking stack with Oxford Ionics’ groundbreaking ion-trap technology manufactured on standard semiconductor chips.
“ We’ re tremendously excited to work alongside the world-class quantum computing and networking teams at IonQ. Together, we intend to move faster than any other player in the industry to deliver the leading fault-tolerant quantum computers with transformative value for customers,” said CEO of Oxford Ionics, Dr. Chris Balance, CEO, Oxford Ionics.
The combined company expects to build systems with 256 physical qubits at accuracies of 99.99 % by 2026 and advance to over 10,000 physical qubits with logical accuracies of 99.99999 % by 2027.
The acquisition of Oxford Ionics follows IonQ’ s recent quantum computing and networking momentum, including the recent acquisition of Lightsynq and pending acquisition of Capella.
The quantum computing market is projected to create up to $ 850 billion of global economic value by 2040 according to Boston Consulting Group. The management teams believe the transaction will enable the combined company to pioneer breakthroughs in quantum computing.
“ IonQ’ s vision has always been to drive real-world impact in every era and year of quantum computing’ s growth. Our intention to acquire Oxford Ionics accelerates our mission to full fault-tolerant quantum computers with 2 million physical qubits and 80,000 logical qubits by 2030,” said Niccolo de Masi, CEO, IonQ.
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