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  • đŸ”” The Quantum Insider Weekly | IonQ's Equity Offering. QuiX Series A. And More News.

đŸ”” The Quantum Insider Weekly | IonQ's Equity Offering. QuiX Series A. And More News.

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FROM THE EDITOR.

Summer is really here — and if you’re looking for a big splash I got one for you.

IonQ made a major splash in the quantum industry with its $1 billion equity offering — what’s being called the largest single institutional investment in quantum computing to date.

The company is issuing more than 14 million shares and warrants in a move that’s aimed at bolstering its financial position, enabling it to accelerate its global expansion and solidify its leadership in the quantum computing and networking space.

The initiative seems to arrive at an opportune time, experts tell me. With investor confidence at an all-time high, this move underscores the growing belief in quantum’s commercial potential. It also comes at a precarious time, too — When is it not a precarious time in quantum? — with competition from tech giants and the unpredictable nature of quantum’s path to commercialization.

More about this below, but this deal, in my opinion, signals something deeper. It signals the continued maturation of the quantum industry, highlighting the increasing role of institutional investors in shaping its future.

We also want to extend our congratulations to QuiX.This Dutch photonic quantum companies secured €15 million in Series A funding The round was co-led by Invest-NL and EIC Fund. The company plans to use the funds to deliver the world’s first single-photon-based universal quantum computer in 2026.

Have a great weekend!

— Matt, Chief Content Officer at The Quantum Insider

INSIDER BRIEF.

ANALYST NOTES.

The Noteworthy & Nuanced

IonQ has been chosen as the primary quantum technology provider for South Korea’s upcoming National Quantum Computing Center of Excellence, led by KISTI. Supported by a government grant, the initiative includes delivering a 100-qubit quantum system and developing a hybrid quantum-classical cloud platform. This collaboration extends IonQ’s role in South Korea and strengthens existing partnerships with KISTI, Hyundai, SKT, and major universities.

The EU-funded SUPREME project, coordinated by Finland’s VTT, seeks to industrialize the fabrication of superconducting quantum chips over six years. Involving 23 partners across eight countries, the project will develop reliable manufacturing processes for technologies like Josephson junctions and hybrid devices. These will be made accessible to researchers and businesses through pilot demonstrators and process design kits, with external user access planned for 2027.

HYPERSPACE is an EU- and Canada-backed research initiative focused on enabling satellite-based quantum communication across the Atlantic. The project aims to overcome fiber-based distance limits by using high-dimensional quantum entanglement for secure, high-capacity data transmission. It brings together eight leading research institutions to test secure quantum links via atmospheric free-space optics. — Alan Kanapin, Analyst at The Quantum Insider

The Research Rundown

This week’s research stories live somewhere in the outer limits of what quantum can solve, from infinite search spaces to fundamental physics simulations.

Researchers from TRIUMF and the Perimeter Institute combined deep learning and quantum computing to simulate particle collisions more efficiently, addressing one of high-energy physics’ biggest computational bottlenecks. Using D-Wave’s quantum technology, the team built a generative model that could reduce simulation time and cost ahead of the LHC's next major upgrade.

Meanwhile, a team led by Chalmers University made headway on a different kind of bottleneck — verification. Their new algorithm is the first to enable classical simulation of quantum circuits that use Gottesman-Kitaev-Preskill bosonic codes. Simulating these codes on classical machines was previously intractable, making this a notable step toward testing and validating quantum systems before they scale.

Finally, researchers in China have extended Grover’s algorithm into the continuous domain, developing a quantum search method that retains quadratic speedup even across infinite solution spaces.

With rigorous proofs of optimality and a general oracle construction framework, this could become foundational for quantum approaches to high-dimensional optimization, spectral analysis, and continuous-variable quantum computing. — Cierra Choucair, Journalist & Analyst at The Quantum Insider

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âžĄïž IonQ has raised $1 billion in a landmark equity offering, issuing 14.2 million shares at $55.49 each and warrants for additional stock, marking a major step in its strategy to expand quantum computing and networking.

âžĄïž The offering represents the largest single institutional investment in quantum computing to date, with proceeds strengthening IonQ’s financial position to accelerate its global commercial efforts.

âžĄïž While the substantial backing showcases investor confidence, IonQ will face the challenge of delivering on its promises amidst fierce competition and the still-developing nature of quantum technology.

Analyst Commentary

IonQ’s announcement this week of its $1 billion equity offering is a defining moment for the company and the broader quantum industry. For years, the company has been at the forefront of developing quantum technologies with a focus on both computing and networking, but this latest move marks a decisive step towards commercializing those innovations at scale.

IonQ’s strategy is straightforward — accelerate growth, expand its capabilities and leverage this funding to cement its leadership position in the quantum computing race. With the backing of Heights Capital Management, this equity offering represents the largest single institutional investment in quantum computing to date.

CEO Niccolo de Masi noted, this deal not only validates IonQ’s technical momentum and recent acquisitions but also highlights the company’s robust cash position.

For certain, the deal offers financial advantage, but it also offers symbolic advantage. IonQ’s ability to secure $1 billion at the very least shows growing investor confidence in quantum technologies. Despite the early-stage nature of the industry, this type of funding signals a clear belief in the commercialization of quantum computing. IonQ appears positioned to push ahead with its plans to expand its ecosystem and continue its push into the marketplace, developing key partnerships and driving the adoption of quantum solutions across various sectors.

However, it’s important to note that nothing is certain at this stage of quantum development and this deal is not risk-free. While the funding bolsters IonQ’s position, the quantum industry is still developing, and the competition is fierce. Companies like IBM, Google, and others continue to ramp up their own efforts in quantum computing, and IonQ will need to execute flawlessly to stand out in a crowded field. Furthermore, the timelines for widespread commercial viability in quantum computing remain uncertain, and delivering on these promises will be a significant challenge.

IonQ’s investors, having placed such a substantial bet on the company, clearly believe in its vision. The fact that this equity offering was priced at a 25% premium over the stock’s closing price further underscores the confidence investors have in IonQ’s growth prospects. This deal sets the stage for IonQ to continue building momentum, scaling its operations, and capturing a larger share of the rapidly evolving quantum market.

For the broader quantum industry, IonQ’s equity offering is a clear indication of the growing market confidence in quantum computing’s potential. As quantum computing transitions from research to real-world applications, the significant backing of companies like IonQ will be crucial in driving the sector toward commercialization. This deal serves as a reminder that while the road to quantum maturity is still long, major institutional investors are beginning to place their bets on those companies with the best chance of success.

DATA SPOTLIGHT.

Physicists at the University of Oxford have set a new record for the accuracy of controlling a single quantum bit, achieving the lowest-ever error rate for a quantum logic operation—just 0.000015%, or one error in 6.7M operations. This record-breaking result represents nearly an order of magnitude improvement over the previous benchmark, set by the same research group a decade ago.

INDUSTRY HIGHLIGHTS.

đŸŒïž The Quantum World Tour, launched by the ITU and The Quantum Insider at the AI for Good Summit, is a global series debuting in September 2025 to spotlight national quantum ecosystems through 90-minute country-specific sessions featuring policy briefings, startup showcases, and workforce initiatives.

💡 A new study by Quantum Source and the Weizmann Institute introduces a deterministic, atom-mediated architecture for photonic quantum computing that replaces probabilistic entanglement with high-fidelity photon-atom gates.The modular system enables scalable, reconfigurable graph-state generation offering a clear path to scalable, low-overhead, and coherent photonic quantum processors.

💾 IonQ has secured a $1.0 billion equity investment from Heights Capital Management, making it the largest single-institution common-stock raise in the quantum industry and bringing its pro-forma cash position to $1.68 billion as of March 31, 2025.

đŸ‡ș🇾 The U.S. National Science Foundation has named 29 semifinalists in its second NSF Regional Innovation Engines competition, including three quantum-focused teams—QuantumCT, Quantum Connected, and the New Mexico Quantum Moonshot—each with an intent to build regional quantum innovation ecosystems.

đŸ‡ȘđŸ‡ș The EU-funded SUPREME project, coordinated by VTT, is committed to industrializing superconducting quantum chip fabrication by 2032 through high-yield, stable processes made accessible to European academia and industry via process design kits.

đŸ€ Quandela has partnered with Mila, Quebec’s leading AI institute, to advance quantum machine learning by combining photonic quantum computing with AI research, focusing on benchmarking, identifying quantum advantages, solving training challenges, and validating models through simulations and hardware.

đŸ‡°đŸ‡· IonQ has been selected as the primary quantum technology provider for South Korea’s new National Quantum Computing Center of Excellence, led by KISTI and supported by a multi-million dollar government award. As part of the initiative, IonQ will deliver a 100-qubit system and co-develop a hybrid quantum-classical cloud platform.

đŸ’°ïž QuiX Quantum has raised €15 million in Series A funding, co-led by Invest-NL and the EIC Fund, to deliver the world’s first single-photon-based universal quantum computer by 2026, leveraging scalable, silicon-nitride photonic chips optimized for data center integration.

💾 Groove Quantum has secured €10 million in blended funding from the EIC Accelerator, one of only 40 companies selected from over 1,000 applicants across Europe.

🇼🇳 India is developing its first fully indigenous quantum-secure satellite through a partnership between Space TS and Synergy Quantum, with an intent to embed post-quantum cryptography into space systems to protect against future quantum cyber threats.

đŸ–„ïž BTQ Technologies has launched the first publicly accessible Quantum Proof-of-Work Simulator, demonstrating a classically verifiable, quantum-native mining algorithm using boson sampling to enable energy-efficient, post-quantum secure consensus for digital assets.

EVENTS.

Now -July 30 -- Womanium & WISER QUANTUM PROGRAM 2025. The 2025 Theme: Quantum solvers: algorithms for the world's hardest problems will be held Mondays & Wednesdays from 10:30 -12:00 ET. Register here.

Aug. 31– Sept. 5 -- IEEE Quantum Week 2025 will be held in Albuquerque, New Mexico.

Sept. 16-18 -- Quantum World Congress 2025 will be held at Capital One Hall in Greater Washington. The event is a chance for the world’s quantum ecosystem to come together and bring a quantum-ready future into focus.

Sept. 24-25 -- Q2B25 Paris at CitĂ© des Sciences et de l’Industrie, Paris, France.

Sept. 29-Oct. 1 -- Quantum.Tech Europe is taking place in Rotterdam, Netherlands. The event will bring together the whole quantum supply chain to drive forward the commercial applications of Quantum Technologies.

Oct. 8 -- The Fifth Anniversary of The City Quantum & AI Summit will take place at the Mansion House in the City of London this year with the subtitle Race for Growth.

Oct. 13-17 -- Quantum Reference Frames 2025 will bring together leading experts on quantum reference frames and the many related subjects in the first focused event in the new era of quantum frame covariance. QRF 2025 is co-funded by the Quantum Information Structure of Spacetime consortium.

Oct. 19-21 -- Q+AI will be held in New York City. This event will uncover the coming wave of Quantum + AI, include 50+ speakers, daily mentoring sessions and 16 sessions, one continuous track.

Nov. 10-12 -- European Quantum Technologies Conference 2025 will be held at Ă˜ksnehallen, Copenhagen, Denmark.

Dec. 1-4 -- QUEST-IS 2025 Quantum Engineering Sciences and Technologies for Industry and Services From Quantum Engineering to Applications for Citizens. EDF Lab, Paris-Saclay, France.