IonQ reportedly strikes deal to buy cybersecurity firm Elisity for up to $1.3 billion

The Wall Street Journal reports that IonQ struck an all-stock deal to buy privately held Elisity, valuing the cybersecurity firm at up to $1.3 billion. The price includes up to $150 million in earnouts tied to Elisity’s future performance. IonQ CEO Niccolo de Masi said the deal is a bet on growing cybersecurity risks as quantum computing and AI advance. Elisity offers a platform aimed at preventing attackers and ransomware from spreading across organizations.