Full-Time
Posted on 2/1/2023
Develops scalable quantum computing technology
No salary listed
Junior, Mid, Senior
Seattle, WA, USA
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IonQ focuses on developing advanced quantum computers to tackle complex challenges faced by businesses and society. Their quantum computers utilize a trapped-ion technology, which allows for high performance and precise qubit replication. This technology enables them to create scalable quantum systems that can be applied across various industries. Unlike many competitors, IonQ emphasizes the combination of physical performance and optimized algorithms, making their quantum computers versatile for different applications. The company's goal is to lead in the quantum computing space and contribute positively to the future of technology and the planet.
Company Size
201-500
Company Stage
IPO
Headquarters
College Park, Maryland
Founded
2015
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Biweekly catered lunches
Parental leave
Health, vision, & dental insurance
Flexible time off
401(k) with 5% match
University facilities
Commuter benefits
Working to build the world's best quantum computers to solve the world's most complex problems
IonQ, a quantum computing company, announced its acquisition of Capella Space to advance its quantum networking plans. Capella, which operates satellites capturing X-band synthetic aperture radar data, provides imagery and analytics for defense, intelligence, and other sectors. IonQ aims to establish a global satellite quantum key distribution network, enhancing its quantum networking leadership and expanding partnerships with the U.S. government.
IonQ raised $360 million through its at-the-market equity offering, selling over 16 million shares. With over $700 million in cash on a pro-forma basis, IonQ has terminated the ATM Program, citing sufficient capital for its quantum divisions. Executives won't sell shares during the current trading window, except Executive Chair Peter Chapman, who may sell up to 2 million shares for taxes and a real estate purchase. A prospectus supplement will be filed to reflect the program's termination.
IonQ raised $373 million through its ATM equity offering, netting $360 million, and boosting its pro-forma cash balance to over $700 million as of December 31, 2024. The ATM program was terminated after securing sufficient capital, citing market disruptions and trading price concerns. Executives won't sell shares during the current trading window, except Executive Chair Peter Chapman, who may sell up to 2 million shares for personal obligations, representing less than 23% of his vested equity.
Quantum computing firm signs deal to gain controlling stake in the Swiss quantum networking pioneer.