IonQ
In 2024-2025, IonQ raised approximately $372.6 million through an at-the-market equity offering (announced March 10, 2025), bringing the company’s cash balance to over $700 million. The company secured a major contract with Korea Institute of Science and Technology Information (KISTI) in July 2025 to deliver a 100-qubit quantum system for South Korea’s first National Quantum Computing Centre of Excellence. IonQ also signed a Memorandum of Understanding with Japan’s AIST to provide access to IonQ’s Forte-class quantum computers. At Quantum World Congress 2025, IonQ announced a groundbreaking advancement in quantum chemistry simulations with its quantum-classical auxiliary-field quantum Monte Carlo (QC-AFQMC) algorithm, demonstrating unprecedented precision in computing atomic-level forces with potential applications in drug discovery and climate change solutions. On October 7, 2025, IonQ completed the acquisition of Vector Atomic, a California-based quantum sensing company, in an all-stock transaction. The acquisition brought 75+ employees, scientists, engineers, and operators to IonQ, along with precision atomic clocks, inertial sensors, gravimeters, and synchronization hardware technology. Vector Atomic secured over $200 million in government contracts and holds 29 pending and issued patents in quantum sensing and timing. The acquisition expands IonQ’s portfolio from quantum computing into quantum sensing, timing, and navigation markets, with Vector Atomic’s technology delivering 1,000x improvement in GPS accuracy and picosecond-level timing precision for defense, aerospace, and commercial applications.