
Work Here?
Oxford Ionics makes quantum computers using trapped ion qubits and a special noiseless electronic control system. Their products are quantum computing systems designed for very hard problems, sold to clients in pharma, finance, and materials research. How it works: trapped ion qubits store quantum information in ions held by electric fields; control electronics perform precise operations without adding much noise, enabling more reliable computations. The company differentiates itself from competitors by combining trapped ion qubits with their noiseless control technology to improve accuracy and performance. They also offer consulting to help clients adopt quantum solutions. The goal is to provide powerful, accurate quantum machines that unlock problems beyond the reach of ordinary supercomputers while attracting customers and talent to advance quantum computing.
Industries
Data & Analytics
Consulting
Hardware
Company Size
51-200
Company Stage
Acquired
Total Funding
$56.4M
Headquarters
Kidlington, United Kingdom
Founded
2019
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$56.4M
Above
Industry Average
Funded Over
8 Rounds
Health Insurance
Dental Insurance
Stock Options
Performance Bonus
Paid Vacation
Hybrid Work Options
Flexible Work Hours
IonQ (NYSE: IONQ) and Oxford Ionics today announced they have entered into a definitive agreement for IonQ to acquire Oxford Ionics in a transaction valued a...
Oxford Ionics has also been a favorite among startup investors, previously raising $53 million in known venture and grant funding.
IONQ plans to develop a fault-tolerant quantum computer by 2029, targeting 2 million qubits by 2030 and 80,000 error-corrected logical qubits. They are acquiring Oxford Ionics for approximately $1 billion. They have achieved 99.99% physical fidelity as of today.
IonQ has announced an agreement to acquire Oxford Ionics, aiming to accelerate advancements in quantum computing. This deal strengthens US-UK cooperation in next-gen technologies and positions Oxford Ionics as a global quantum computing hub. The merger will combine complementary technologies to develop the world's most powerful quantum computers, enhancing innovation in fields like drug discovery, materials science, financial modeling, logistics, chemistry, aerospace, cybersecurity, and defense.
Find jobs on Simplify and start your career today
Industries
Data & Analytics
Consulting
Hardware
Company Size
51-200
Company Stage
Acquired
Total Funding
$56.4M
Headquarters
Kidlington, United Kingdom
Founded
2019
Find jobs on Simplify and start your career today