Oxford Science Enterprises plc (OSE) portfolio company, Oxford Ionics, has today entered into an agreement to be acquired by IonQ, a leading quantum computing and networking company, in a deal valued at $1.075 billion.
OSE is the largest shareholder in Oxford Ionics, with other shareholders including Oxford University, Braavos, Lansdowne Partners, and Prosus Ventures. The company spun out of Oxford University with pre-seed funding and venture-building support from OSE in 2019.
For more information on this announcement, please see IonQ’s press release.