IonQ
Trapped-ion quantum computers available over major cloud platforms.
Share price
What they do
IonQ builds quantum computers based on trapped-ion technology, in which individual ytterbium ions are held in electromagnetic traps and manipulated with lasers to act as qubits. Trapped ions offer very high gate fidelity and all-to-all connectivity, and IonQ makes its systems available through Amazon Braket, Microsoft Azure Quantum and Google Cloud.
The company went public on the NYSE in 2021 via a SPAC merger and has since expanded into quantum networking through acquisitions. Its roadmap targets steadily rising algorithmic qubit counts and early commercial applications in chemistry, optimization and machine learning.
Strengths & weaknesses
- +Industry-leading gate fidelity and all-to-all qubit connectivity from trapped-ion architecture
- +Available on all three major cloud platforms, lowering customer adoption friction
- +Strong balance sheet after public listing funds a multi-year roadmap
- +Expanding into quantum networking, broadening the addressable market
- –Gate speeds are slower than superconducting approaches, limiting circuit throughput
- –Revenue remains small relative to a large market capitalization
- –Scaling ion-trap systems to thousands of qubits is still unproven
- !High cash burn typical of pre-commercial deep-tech; future dilution possible
- !Competition from better-capitalized incumbents (IBM, Google) on other modalities
Score breakdown
€600m IPO, Oct 2021.
81st percentile within Trapped Ion.
~430 employees.
81st percentile within Trapped Ion.
Funding history
Filings & earnings
Management
Major shareholders
Similar companies
Links & resources
Company website↗Investor relations↗Careers↗Sources: Dealroom · EPO · USPTO · arXiv · Company filings — Updated weekly · – 0.0 (30d)