COLLEGE PARK, Md., June 3, 2021 /PRNewswire/ -- IonQ, Inc. ("IonQ"),
the leader in quantum computing, today announced a strategic
partnership with SoftBank Investment Advisers, manager of SoftBank
Vision Funds 1 and 2, to deploy quantum-first solutions in the
industries, geographies, and portfolios where SoftBank is already
in the vanguard. The partnership expands access to IonQ's leading
quantum computers globally, and the SoftBank Vision Fund 2* also
joins IonQ's world-leading investor base as it approaches its
public debut.
"We are humbled to have such a vote of confidence from the team
at SoftBank, given their unparalleled track record of spotting
step-changes in technology," said Peter
Chapman, CEO & President of IonQ. "Partnering with
SoftBank will enable IonQ to put our industry-leading quantum
hardware in the hands of entrepreneurs, builders, and
problem-solvers around the world. From logistics to proptech to
materials science, the potential applications of quantum computing
to SoftBank's interests are many."
"IonQ is helping to solve some of the world's most complex
problems through quantum computing," said Kirthiga Reddy, Partner
at SoftBank Investment Advisers. "Partnering with IonQ is just the
latest example of our commitment to supporting visionaries who are
solving tomorrow's problems today. Both within SoftBank's portfolio
and across the broader market, we believe there won't be an
industry left untouched by the quantum revolution."
This strategic partnership with SoftBank builds on IonQ's
continued success and proven performance. The company's 11-qubit
system is the first and only quantum computer available via the
cloud on both Amazon Braket and Microsoft Azure, and its 32-qubit
system is one of the world's most powerful quantum computers. IonQ
has a critical role to play in pulling the quantum computing
industry forward as its plans to develop modular quantum computers
small enough to be networked together in 2023 could pave the way
for broad quantum advantage by 2025, and its two co-founders,
Jungsang Kim and Chris Monroe, were named to the White House's
National Quantum Initiative Advisory Committee (NQIAC). IonQ will
further expand access to quantum as it prepares to become the first
publicly traded quantum computing company via a merger with dMY
Technology Group III (NYSE: DMYI).
*As of the date of this press release, SoftBank Group Corp.
has made capital contributions to allow investments by SoftBank
Vision Fund 2 ("SVF 2") in certain portfolio companies. The
information included herein is made for informational purposes only
and does not constitute an offer to sell or a solicitation of an
offer to buy limited partnership interests in any fund, including
SVF 2. SVF 2 has yet to have an external close, and any potential
third-party investors shall receive additional information related
to any SVF 2 investments prior to closing.
About IonQ
IonQ, Inc. is the leader in quantum
computing, with a proven track record of innovation and deployment.
IonQ's 32-qubit quantum computer is the world's most powerful
quantum computer, and IonQ has defined what it believes is the best
path forward to scale. IonQ is the only company with its quantum
systems available through the cloud on Amazon Braket and Microsoft
Azure, as well as through direct API access. IonQ was founded in
2015 by Christopher Monroe and
Jungsang Kim based on 25 years of
pioneering research. To learn more, visit www.IonQ.com.
About dMY Technology Group, Inc. III
dMY III is a
special purpose acquisition company formed by dMY III Technology
Group, Harry L. You and Niccolo de Masi for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses or assets.
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SOURCE IonQ