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00:02Quantum computing company IonQ has agreed to acquire cybersecurity firm Elicity in an all-stock deal
00:08valued at up to $1.3 billion, according to the Wall Street Journal.
00:12The price includes $150 million in potential performance-based payments.
00:16IonQ CEO Nicolo DiMasi said the acquisition will help customers address growing cybersecurity threats
00:23as quantum computing and artificial intelligence advance.
00:26Founded in 2019, Elicity develops technology designed to prevent cyberattacks and ransomware
00:31from spreading across organizations.
00:33The deal comes as IonQ expands through acquisitions, including its $1.8 billion takeover of Chipmaker
00:40Skywater technology earlier this year.
00:42DiMasi said the companies aim to help customers address growing cybersecurity risks, including
00:47threats involving AI agents, following a series of rogue AI hacks that alarmed industry and
00:52government officials.
00:53For all things money, visit Benzinga.com.
