Samsung, UAE funds lead $55 million investment in quantum computing startup - Reuters:
U.S. quantum computing startup IonQ said on Tuesday it raised $55 million in a funding round that was led by venture funds backed by Samsung Electronics and the government of the United Arab Emirates.
With the investments from Samsung Catalyst Fund and Mubadala Capital, Maryland-based IonQ said its total funds raised to date reached $77 million. The company didn’t disclose its valuation.
Researchers believe quantum computers could operate millions of times faster than today’s advanced supercomputers, making potential tasks ranging from mapping complex molecular structures and chemical reactions to boosting the power of artificial intelligence possible.
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