Quantum Startup Foundry (QSF)

IonQ has successfully raised approximately $360 million through its at-the-market equity offering program, selling over 16 million shares. With a significant cash balance of over $700 million, the company has deemed its capital needs met and decided to terminate the ATM Program. This move reflects IonQ's confidence and commitment to leading the quantum computing and networking sectors. As noted by CEO Niccolo De Masi, this capital positions IonQ strongly for future growth despite recent market challenges. ?? #IonQ #QuantumComputing #Leadership For the full article find the link via our comments.

IonQ now owns or controls nearly 400 patents for quantum networking as we build momentum toward our technological roadmap. According to McKinsey & Company, the total quantum communication market size is projected to reach upwards of $14.9 billion by 2035 driven by a growing need for scaling quantum computing through distributed networks, and a need for new data security solutions. Learn more about IonQ’s quantum networking patent portfolio here: https://lnkd.in/d_2DN4a5?

??NanoQT Joins the UMD Quantum Ecosystem!?? We’re excited to announce that?NanoQT?is now part of the?University of Maryland’s quantum ecosystem, strengthening our presence in what is widely recognized as the?Capital of Quantum—a global hub for quantum research and innovation. With support from the?Maryland Department of Commerce, we are joining Quantum Startup Foundry (QSF) —a key hub for deep-tech commercialization. This step brings us closer to realizing our vision of?modular and networked quantum computing, powered by our?nanofiber cavity QED-based quantum interconnects. Our?ongoing collaboration with University of Maryland and National Institute of Standards and Technology (NIST)?spans a wide range of critical advancements, from?cavity development to fault-tolerant quantum computing (FTQC) protocol development. A huge thank you to our partners and supporters who make this journey possible. Read more in our official announcement: ??? NanoQT’s release:?https://lnkd.in/g-2fiwJx ??? UMD’s release:?Quantum Hardware Startup NanoQT Joins UMD Quantum Ecosystem　https://lnkd.in/gr35XaRt

Nanofiber Quantum Technologies Inc. (NanoQT) opened their new office in College Park, Maryland. This move is set to enhance their research capabilities and accelerate commercialization efforts in the U.S. Through a strong partnership with the University of Maryland's Quantum Startup Foundry (QSF) and support from the Maryland Department of Commerce NanoQT is strategically positioned to leverage Maryland’s rich talent pool. Collaboration with UMD professor Mario Dagenais will focus on developing CMOS-compatible photonic integrated circuits, marking an exciting chapter for the company. #QuantumTech #Maryland #NanoQT For the full article find the link via our comments.

Last night, IonQ’s Margaret Arakawa, Jane Mazur, and Trevor Chaloux had the privilege of attending the Maryland Marketing Partnership (MMP) reception hosted by Maryland Governor and First Lady Wes and Dawn Moore, Lt. Governor Aruna Miller,?Secretary of State Susan Lee, and Acting Secretary, Maryland Commerce Harry Coker, Jr. in Annapolis. Thanks to the great leaders in Maryland for including IonQ in this special evening for their unwavering support for advancing quantum in the state and beyond.

Throughout #WomensHistoryMonth, we’re celebrating some of the incredible women who are driving quantum advancements at IonQ. Starting our 2025 series is Mei Maruo, System Operations Engineer, whose work helps optimize the performance and reliability of our quantum computers. ? In her role, Mei works on every aspect of system operations, from hands-on hardware work to remote control through code and user interfaces. Her mission? Ensuring IonQ’s quantum computers operate at peak performance. ? Mei has a background in Astrophysics, holding both undergraduate and master’s degrees in the field. Her research focused on developing an optical instrument for Japan’s largest telescope—an experience that honed her expertise in building hardware and software, troubleshooting complex systems, and applying physics to real-world challenges. ? Her career journey to quantum was unexpected but natural—applying the same problem-solving mindset from astrophysics to quantum computing. The precision, troubleshooting, and physics knowledge she developed in her previous work are now critical to her success at IonQ. ? Mei is passionate about quantum computing because it reminds her of the pioneering women who operated ENIAC, the world’s first digital computer. Just as their work helped usher in the digital age, Mei and her colleagues are now unlocking the potential of quantum computing, shaping the future of computation. We’re proud to have Mei on the team to help push the boundaries of what’s possible with quantum technology! #QuantumComputing #WomenInSTEM #IonQ

??NanoQT Joins the UMD Quantum Ecosystem!?? We’re excited to announce that?NanoQT?is now part of the?University of Maryland’s quantum ecosystem, strengthening our presence in what is widely recognized as the?Capital of Quantum—a global hub for quantum research and innovation. With support from the?Maryland Department of Commerce, we are joining Quantum Startup Foundry (QSF) —a key hub for deep-tech commercialization. This step brings us closer to realizing our vision of?modular and networked quantum computing, powered by our?nanofiber cavity QED-based quantum interconnects. Our?ongoing collaboration with University of Maryland and National Institute of Standards and Technology (NIST)?spans a wide range of critical advancements, from?cavity development to fault-tolerant quantum computing (FTQC) protocol development. A huge thank you to our partners and supporters who make this journey possible. Read more in our official announcement: ??? NanoQT’s release:?https://lnkd.in/g-2fiwJx ??? UMD’s release:?Quantum Hardware Startup NanoQT Joins UMD Quantum Ecosystem　https://lnkd.in/gr35XaRt

How can algorithm-hardware co-design push digital quantum simulation to the limits of today’s quantum hardware? I'm excited to share that I'll be presenting work we've done in Avik Dutt's FloQuET Group in tomorrow's poster session at the 28th Annual Quantum Information Processing Conference (QIP). By leveraging Iteratively Pre-Conditioned Gradient Descent (IPG) --developed by Nikhil Chopra's group at the University of Maryland --in conjunction with additional optimization and error mitigation techniques, we are able to extend the simulation of the 1D Fermi-Hubbard Model on a trapped-ion quantum processor. The techniques we demonstrate are readily and easily generalizable to modelling strongly correlated systems in quantum chemistry at the limit of existing digital quantum computers. This work would not be possible without Nikhil Chopra, Alex Beyer, and Kushal Chakrabarti's work on the optimization front, along with Daiwei Zhu, Spencer Churchill and David Steuerman's efforts at IonQ on the error mitigation and circuit execution front. More information can be found in our arXiv preprint: https://lnkd.in/eb46N9BH University of Maryland - A. James Clark School of Engineering, University of Maryland

The?National Quantum Laboratory at Maryland?(Qlab) welcomes a renowned expert in quantum physics, computing and networking to serve as its new director, effective September 1, 2025. Norbert Linke, Ph.D., brings a decade of experience running a quantum computer user facility and conducting research on the applications of trapped atomic ions. With this appointment, Linke will return to the University of Maryland – College of Computer, Mathematical, and Natural Sciences, where he worked as a faculty member from 2019 to 2022, and he will hold the first IonQ Professorship, an endowed position designed to support faculty focused on quantum computing research and advancing quantum strategy in Maryland and beyond. The IonQ Professorship was established with a $1 million gift from quantum computing firm IonQ and fully matched by the Maryland Department of Commerce. https://lnkd.in/egrvFihX

We are hiring!??? The?Quantum Startup Foundry?at the University of Maryland is looking for a?Program and Business Development Coordinator?to help drive innovation in the quantum technology startup ecosystem. In this role, you'll coordinate and develop programs for quantum startups, build relationships with deep-tech entrepreneurs, and play a key part in shaping the future of quantum innovation. If you have experience in business development, startup ecosystems, or quantum technologies, we’d love to hear from you! ?? Location:?University of Maryland Apply now or share with someone who might be a great fit! ?? https://lnkd.in/epiN67v9 #Hiring #QuantumTech #Startups #BusinessDevelopment #Innovation #VentureCapital #UMD