Company profile: IonQ
1.1 - Company Overview
Company description
- Provider of enterprise-grade, general-purpose quantum computing systems built on trapped ion technology, enabling qubit replication, optical networkability, and optimized algorithms for scalable performance. Offerings include high-performing commercial and on-prem quantum systems, a production applications quantum computer, and a quantum cloud platform compatible with popular providers and tools.
Products and services
- Commercially Available Quantum System: An industrial-grade, highest-performing trapped-ion quantum computer for commercial use, leveraging natural qubits, qubit replication, optical networkability, and optimized algorithms to support scalable enterprise workloads
- On-Prem Quantum System: A production-ready, rack-mounted trapped-ion computer for on-premise deployment, supporting hybrid applications with natural qubits, qubit replication, and optical networkability for scalable enterprise integration
- Quantum Cloud for Developers: A cloud-native platform granting access to IonQ’s trapped-ion processors, compatible with popular cloud providers and tools without SDK translation, enabling optimized algorithms and scalable experimentation
Key contacts
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Financial details
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1.2 - Competitors and similar companies to IonQ
Quantinuum
HQ: United States
Website
- Description: Provider of quantum computing hardware and software solutions, including the System Model H2 quantum computer demonstrating reliable logical qubits with reduced error rates, TKET open-source quantum SDK, quantum machine learning for NISQ devices, quantum-based optimization heuristics, simulation expertise, and compositional intelligence research in quantum computing and computational linguistics.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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Lightsynq
HQ: United States
Website
- Description: Provider of universal optical quantum interconnects that link multiple limited-scale quantum devices into modular, full-scale quantum computers, compatible with various quantum hardware platforms, and diamond color center quantum memories using silicon vacancy color centers in diamond for high-fidelity interactions and scalable memory registers enabling loss-tolerant quantum connections.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Rigetti Computing
HQ: United States
Website
- Description: Provider of full-stack quantum systems with superconducting qubits, offering Novera QPU for R&D (9-qubit with tunable couplers plus separate 5-qubit chip), Quantum Cloud Services for low-latency hybrid quantum-classical computing, Fab-1 quantum foundry and Quantum Foundry Services for manufacturing/testing quantum integrated circuits, and Quil, a quantum instruction language.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
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Scope Technologies
HQ: Canada
Website
- Description: Provider of AI analytical software and services, including GEM, a versatile AI-driven recognition system for creating custom neural networks for object detection and visual information systems; SaaS infrastructure to host neural networks with API access to inference; a retail object detection system for real-time inventory and customer interaction monitoring; and AI-powered ad and game personalization.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Radical Semiconductor
HQ: United States
Website
- Description: Provider of analog cryptographic IDs and secure hardware/software to defend against quantum and physically invasive attacks, including LiteCard smartcard hardware wallet for cryptocurrency with tap-to-phone, secure login, and membership verification; RadicalOS for cryptographic hardware; Bookchin processing-in-memory test chip; and Radical Wallet mobile app for managing transactions and accessing decentralized apps.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for IonQ
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to IonQ
2.2 - Growth funds investing in similar companies to IonQ
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4 - Top valuation comps for IonQ
4.2 - Public trading comparable groups for IonQ
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