IonQ, the trapped ion quantum computing company that went public via a SPAC in late 2021, today announced that it has acquired Entangled Networks, a Toronto-based startup that helps industrial and academic users build and optimize multi-quantum-processor solutions, using specialized networking techniques. The two companies did not disclose the price of the acquisition.
This marks IonQ’s first acquisition and it comes shortly after the company signed a $13.4 million contract to provide quantum solutions to the United States Air Force Research Lab. Maryland-based IonQ says this acquisition will now also give it a foothold in Canada and that the Entangled Networks team will help it work on next-gen quantum architectures.
