United States $10 Billion Quantum Computing IonQ Buys UK Startup Oxford Ionics for $1.1 Billion in Share & Cash Transaction, Oxford Ionics Founded in 2019 by Dr Chris Ballance & Dr Tom Harty
10th June | Hong Kong
United States quantum computing IonQ ($10 billion market value) has announced to buy UK startup Oxford Ionics for $1.1 billion in share & cash transaction. Oxford Ionics was founded in 2019 by Dr Chris Ballance & Dr Tom Harty. IonQ – IonQ is a leader in the quantum computing and networking industries, delivering high-performance systems aimed at solving the world’s largest and most complex commercial and research use cases. IonQ’s current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The company’s innovative technology and rapid growth were recognized in Newsweek’s 2025 Excellence Index 1000, Forbes’ 2025 Most Successful Mid-Cap Companies list, and Built In’s 2025 100 Best Midsize Places to Work in Washington DC and Seattle, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Oxford Ionics – Oxford Ionics was co-founded in 2019 by Dr. Chris Ballance and Dr. Tom Harty who both hold world records in quantum breakthroughs. The team includes 80 global experts across physics, quantum architecture, engineering and software. Oxford Ionics’ investors include Braavos, OSE, Lansdowne Partners, Prosus Ventures, 2xN, and Hermann Hauser (founder of chip giant ARM). In 2024, Oxford Ionics rapidly commercialized its technology, selling full-stack quantum computers to the UK’s National Quantum Computing Centre (NQCC) and Germany’s Cyberagentur. The company also holds the world records in the three most important metrics for quantum performance: single- and two-qubit gate fidelity and quantum state preparation and measurement (SPAM).
“ United States $10 Billion Quantum Computing IonQ Buys UK Startup Oxford Ionics for $1.1 Billion in Share & Cash Transaction, Oxford Ionics Founded in 2019 by Dr Chris Ballance & Dr Tom Harty “
United States $10 Billion Quantum Computing IonQ Buys UK Startup Oxford Ionics for $1.1 Billion in Share & Cash Transaction, Oxford Ionics Founded in 2019 by Dr Chris Ballance & Dr Tom Harty
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