GV and New Enterprise Associates have co-led a round for the quantum computing technology developer based on University of Maryland and Duke University research.
GV, the corporate venturing unit of diversified conglomerate Alphabet, has co-led a $20m series B round for quantum computing startup IonQ.
The round was co-led with venture capital firm New Enterprise Associates (NEA) and included undisclosed strategic investors. It followed $2m in funding from NEA in 2016.
Founded in 2015, IonQ is developing a quantum computer that utilises trapped ion technology, which cools and isolates individual ions with lasers, as opposed to other approaches which focus on developing superconducting qubits.
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