Suche

Robert Bosch Venture Capital invests in Quantum Computing Startup IonQ

Aron Bahnmüller >

X

Funding to bring Quantum Computing from Lab to the Enterprise

  • RBVC joins US$ 55m+ round alongside New Enterprise Associates (NEA), GV, Samsung Catalyst Fund , Mubadala Capital and others
  • IonQ’s trapped-ion approach offers the most promise for making reliable, scalable quantum computing a reality
  • RBVC Managing Director Dr. Ingo Ramesohl: “We are excited to work with one of the most renowned teams in Quantum Computing.”

Stuttgart, Germany – Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, has participated in an extension of the recent funding of IonQ, which comprises a sum of over 55 million US dollars. The US based start-up develops and commercializes Quantum Computers. “We are excited to work with one of the most renowned teams in Quantum Computing,” says RBVC Managing Director Dr. Ingo Ramesohl. “Commercially useable Quantum Computers could disrupt the way we develop products at Bosch.” IonQ plans on making its computers commercially available via the cloud and developing next-generation systems for programming these machines.

The Quantum Computing Race

In comparison to digital High Performance Computing, Quantum Computers could exponentially speed up solving e.g. hard optimization problems — from helping identify the best delivery routes for shipping companies to helping hardware designers produce more energy-efficient materials and batteries.
IonQ’s trapped-ion approach offers the most promise for making reliable, scalable quantum computing a reality. Recently, the company built the largest programmable quantum computer to date, demonstrating performance benchmarks that no other quantum computer has been able to match.

Excellent Team and Investors

In addition to the founding scientific heavy-weights Chris Monroe and Jungsang Kim, IonQ attracted excellent engineering and commercial talent around CEO Peter Chapman. “This investment round marks a key milestone in our effort to make quantum computing commercially viable,” says Peter Chapman. “RBVC is a great addition to our investor base. Big industrial groups like Bosch are front-runners in real life applications for quantum computers.” The early backers New Enterprise Associates (NEA), GV and Amazon are now joined by a broad consortium of financial and industrial investors like Mubadala Capital, Samsung Catalyst Fund and RBVC.

About RBVC GmbH

Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models as well as new materials that are relevant to the above-mentioned areas of business.

Additional information is available at www.rbvc.com

About IonQ
After decades of research, IonQ was founded in 2015 with a license to core technology from the University of Maryland and Duke University, and the goal of taking trapped ion quantum computing out of the lab and into the market. IonQ is headquartered in College Part, MD and has raised approximately $22m in funding to date. The company currently has 39 employees and operates three own Quantum Computers.

For more information:
Website: https://ionq.com

The Bosch Group is a leading global supplier of technology and services. It employs roughly 410,000 associates worldwide (as of December 31, 2018). The company generated sales of 78.5 billion euros in 2018. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 460 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At nearly 130 locations across the globe, Bosch employs some 68,700 associates in research and development.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPresse.

Still looking for something?