IonQ has acquired the operating assets of Entangled Networks, a Toronto-based start-up focused on enabling computation across multiple distributed quantum processors. The Entangled Networks team will join IonQ to launch IonQ Canada. Financial terms were not disclosed.
IonQ said the acquisition advances its goal of developing quantum systems capable of supporting the quantum networks of the future. IonQ’s own quantum networking hardware is currently under development, and IonQ expects to demonstrate an early version of a quantum network between two quantum computers in 2023.
“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. “We are ready to work on amplifying IonQ’s quantum computing solutions to bring even more powerful applications to our customers.”
“Partnering with Entangled Networks furthers our goal of making IonQ the world’s best performing quantum computing company,” said Peter Chapman, IonQ’s President and CEO. “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.”
