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IonQ has agreed to buy Elisity in an all-stock deal worth up to $1.3bn. Up to $150mn of that depends on how well Elisity does. The Maryland-based quantum computing company announced the deal on Monday. IonQ wants its security arm to guard against attacks aided by AI and, one day, quantum machines.
Quantum computing startup Oratomic has raised $475 million at a $5.4bn valuation, Isabelle Bousquette reported for The Wall Street Journal on Thursday. The round came three months after its Series A and lifted its valuation from $1.5bn.
DARPA has moved Atom Computing, Diraq, IBM and IonQ into the final stage of its Quantum Benchmarking Initiative. The US defence research agency runs the programme to test whether anyone can build a useful quantum computer by 2033. DARPA announced the four teams on Wednesday.
Zapata Quantum, a Boston quantum software company, has joined the IBM Quantum Network, it said on Tuesday. It will use IBM’s machines to build software for its clients. Zapata does not make quantum hardware.
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