IonQ to acquire Elisity in $1.3 billion all-stock deal

IonQ’s CEO emphasized the urgency of preparing for future quantum threats to encryption, with ‘Q-Day’ approaching faster than predicted.

Elisity has demonstrated significant year-over-year growth in customer deployments and revenue since its founding in 2019.

The deal value includes up to $150 million in earn-outs tied to Elisity’s performance after the acquisition.