IonQ said it will partner with Softbank Investment Advisors to provide quantum computing systems to Softbank’s portfolio companies. SoftBank Investment Advisors, which manages SoftBank Vision Funds 1 and 2, will also invest in IonQ.
The quantum computing partnership has the potential to extend IonQ’s reach globally across multiple industries. Softbank Vision Fund 2 will invest in IonQ, but the terms have not been disclosed.
For IonQ, the support and connections from Softbank will help. IonQ will become a publicly traded company through a merger with the acquisition target company, dMY Technology Group, Inc. III.
IonQ CEO Peter Chapman said the partnership with SoftBank will bring the company’s system “in the hands of entrepreneurs, builders and problem solvers around the world.”
The company’s 11 qubit system is available for Amazon Brakt and Microsoft Azure. IonQ also has a 32-qubit system, with plans to build a modular quantum computer small enough to be networked in 2023.
IonQ wins SoftBank investment, strategic partnership
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