
Total amount raised
$75 Millions
Latest funding date
September, 2021

Location
IonQ has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The company specializes in developing general-purpose quantum information processors using trapped ion technology.
Keep reading to explore the intricacies of IonQ's fundraising journey and the investors backing this innovative platform.
What Is IonQ?
IonQ, founded on June 1, 2015, by Christopher Monroe and Jungsang Kim, is headquartered in College Park, Maryland. The company specializes in developing general-purpose quantum information processors using trapped ion technology.
With a workforce of 251-500 employees, IonQ aims to bring quantum computing out of the lab and into practical, real-world applications. Their technology enables scalable quantum computing through qubit replication and optical networkability.
IonQ offers various quantum systems and cloud services, positioning itself as a leader in the quantum computing industry. Their mission is to build the world's best quantum computers to solve complex business and societal problems.
How Much Funding Has IonQ Raised?
- Series A
- Amount Raised: $20M
- Date: July 2017
- Lead Investors: Google Ventures, New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and commercialize their quantum computing technology.
- Series B
- Amount Raised: $55M
- Date: October 2019
- Lead Investors: Samsung Catalyst Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance their quantum computing systems.
- Series B
- Amount Raised: $7M
- Date: June 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their quantum computing technology.
- Post-IPO Equity
- Amount Raised: $350M
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the commercialization and scaling of their quantum computing solutions.
- Post-IPO Equity
- Amount Raised: $372.6M
- Date: March 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To meet anticipated capital needs and support global leadership in quantum computing.
Total Amount Raised: $804.6M. Current Valuation: Not publicly disclosed.
Key Investors
- Google Ventures
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. It provides seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Life sciences, artificial intelligence, robotics, transportation.
- Notable Investments: Uber, Slack, Nest.
- New Enterprise Associates
- Details: New Enterprise Associates (NEA) is a global venture capital firm that invests in technology and healthcare companies at all stages of growth. Founded in 1977, NEA has over $20 billion in committed capital.
- Investment Focus Areas: Healthcare, enterprise software, consumer technology.
- Notable Investments: Coursera, Robinhood, 23andMe.
- Samsung Catalyst Fund
- Details: Samsung Catalyst Fund is the venture capital arm of Samsung Electronics. It focuses on investing in disruptive technologies and innovative startups.
- Investment Focus Areas: Artificial intelligence, digital health, smart machines.
- Notable Investments: Graphcore, Aiqudo, IonQ.
- Cambium Capital Partners
- Details: Cambium Capital Partners is a private equity firm that focuses on investing in high-growth technology companies. They provide strategic support and capital to help companies scale.
- Investment Focus Areas: Technology, software, telecommunications.
- Notable Investments: Not publicly disclosed.
- Silver Lake
- Details: Silver Lake is a global private equity firm focused on investments in technology and technology-enabled industries. With over $88 billion in combined assets under management, Silver Lake is one of the largest technology investors in the world.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Dell Technologies, Airbnb, Twitter.
What's Next for IonQ?
IonQ stands at the cusp of significant opportunities in the quantum computing landscape. With a pro forma year-end cash balance exceeding $700 million, the company is well-positioned to expand its quantum computing and networking capabilities. The growing interest in quantum computing, coupled with increased accessibility through major cloud providers, presents a fertile ground for IonQ to develop new systems like IonQ Tempo, expected in 2025.
Future fundraising opportunities may arise as IonQ continues to innovate and explore strategic partnerships. While the ATM Program has been terminated, the company's strong financial position and market recognition could attract further investments. However, challenges such as market disruptions, maintaining patent protection, and executing its technical roadmap remain. Navigating these hurdles will be crucial for IonQ to maintain its leadership in the quantum computing industry.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like IonQ and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.