IonQ Secures $20 Million

Semiconductor startup IonQ closed $20 million in financing. Three investors participated in the round, among them New Enterprise Associates and GV.

IonQ is working to develop world-leading general-purpose quantum information processors. The company’s unique trapped Ion approach combines unmatched physical performance, perfect qubit replication, optical networkability, and highly-optimized algorithms to create a quantum computer that plans to be as scalable as it is powerful, one that will support a broad array of applications across a variety of industries.

The investors said in their announcement that quantum computers have the potential to solve data-intensive problems in areas like healthcare, machine learning, and cryptography, and they are excited to partner with IonQ as it accelerates development.