IONQ - IonQ acquires assets of Entangled Networks

• IonQ ( NYSE: IONQ ) acquires the operating assets of Entangled Networks, a Toronto-based company focused on enabling computation across multiple distributed quantum processors.
• As part of the transaction, the Entangled Networks team will join IonQ to launch IonQ Canada, strengthening IonQ’s already growing international presence.
• Entangled Networks, previously funded by investors like OurCrowd, marks IonQ’s first corporate acquisition, demonstrating ongoing market and industry leadership.
• “Partnering with Entangled Networks furthers our goal of making IonQ the world’s best performing quantum computing company. 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. We are also excited about the opening of IonQ Canada. This expansion will help us better support the thriving quantum computing community in Canada and further our collaborations with IonQ partners and customers.” said Peter Chapman, President and CEO.

For further details see: