Oxford Ionics - About the company
Oxford Ionics is an acquired company based in Oxford (United Kingdom), founded in 2019 by Chris Ballance and Thomas Harty. It operates as a Provider of quantum computers. Oxford Ionics has raised $48.4M in funding from investors like British Business Bank, Braavos and Oxford Science Enterprises. The company has 14 active competitors, including 4 funded and 3 that have exited. Its top competitors include companies like IonQ, Quantinuum and eleQtron.
Company Details
Provider of quantum computers. It provides users with superconducting qubits as their physical support for Universal Quantum computers. It offers quantum computers by combining the qubits and trapped ions by using noiseless electronic qubit control technology.
- Website
- oxionics.com
- Social
- Email ID
- *****@oxfordionics.com
- Phone Number
- +44 **********
Key Metrics
Founded Year
2019
Location
Oxford, United Kingdom
Stage
Acquired
Total Funding
$48.4M in 2 rounds
Latest Funding Round
Investors
Ranked
2nd among 14 active competitors
Employee Count
103 as on Jun 30, 2026
Exit Details
Acquired by IonQ (Jun 09, 2025)
Legal entities associated with Oxford Ionics
Oxford Ionics is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Oxford Ionics Limited CIN: 11795789 , United Kingdom, Active | Jan 28, 2019 | - | 39 (As on Jan 31, 2024) |
Oxford Ionics's acquisition details
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Oxford Ionics's funding and investors
Oxford Ionics has raised a total funding of $48.4M over 2 rounds. Its first funding round was on Jan 09, 2023. Its latest funding round was a Series A round on Aug 31, 2023 for $*****. 1 investor participated in its latest round. Oxford Ionics has 10 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Oxford Ionics:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 31, 2023 | 3340272 | Series A | 7528194 | 3740097 | 2438412 | 2788500 |
Jan 09, 2023 | 3068454 | Series A | 8062387 | 7937990 |
Access funding benchmarks and valuations. Sign up today!View details of Oxford Ionics's funding rounds and investors
Oxford Ionics' founders and board of directors
Founder? Claim ProfileThe founders of Oxford Ionics are Chris Ballance and Thomas Harty.
Here are the details of Oxford Ionics' key team members:
- Chris Ballance: Former Co-Founder of Oxford Ionics. They serve on the board of 1 company.
- Thomas Harty: Former Co-Founder & CEO of Oxford Ionics. They serve on the board of 1 company.
Oxford Ionics' Board of Directors
Oxford Ionics's board has 5 active members. Chris Ballance and Thomas Harty are part of team and Dipesh Patel, William Duff Goodlad and Dipesh Patel are independent board members.Here is the list of Oxford Ionics' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 6m | |
Team | - | Current | 6y 1m | |
Independent board member | - | Current | 3y 1m | |
ppgxxrn | Independent board member | - | Current | 8y 8m |
pltyzoe | Independent board member | - | Current | 5y 1m |
m{pa{po | Independent board member | - | Past | 3y 6m |
View details of Oxford Ionics's Founder profiles and Board Members
Oxford Ionics' employee count trend
Oxford Ionics has 103 employees as of Jun 26. Here is Oxford Ionics's employee count trend over the years:
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Oxford Ionics's Competitors and alternates
Top competitors of Oxford Ionics include IonQ, Quantinuum and eleQtron. Here is the list of Top 10 competitors of Oxford Ionics, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | _1573535680111.png?devicePixelRatio=2&height=30&width=30){kind=logo} IonQ 2015, College Park (United States), Public | Provider of cloud and trapped ion technology-based universal quantum computers | $86M | 76/100 | |
2nd |  Oxford Ionics 2019, Oxford (United Kingdom), Acquired | Provider of quantum computers | $48.4M | 68/100 | |
3rd |  Quantinuum 2021, Broomfield (United States), Public | Provider of quantum solution through research | $1.34B | 61/100 | |
4th | Manufacturer of computers for quantum computing | $72.7M | 60/100 | ||
5th |  Universal Quantum 2018, Brighton (United Kingdom), Seed | Developer of quantum computers | $5.06M | 45/100 | |
6th | Developer of quantum computers | - | - | 43/100 | |
7th | _1573624007037.png?devicePixelRatio=2&height=30&width=30){kind=logo} Alpine Quantum Technologies 2017, Innsbruck (Austria), Funding Raised | Developer of general-purpose quantum information processors | - | 42/100 | |
8th | ZuriQ 2024, Zurich (Switzerland), Seed | Provider of high-performance computing solutions for various industries with a focus on innovation and technological advancements | $29.7M | 37/100 | |
9th |  Huayi Boao 2022, Liaoyuan (China), Series A | Provider of ion-trapped technology-based universal quantum computers | $15.5M | 37/100 | |
10th |  Huayi Quantum 2022, Unfunded | Manufacturer of trapped-ion technology and cloud-based quantum computers | - | - | 24/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Oxford Ionics's competitors? Click here to see the top ones
Oxford Ionics's Investments and acquisitions
Oxford Ionics has made no investments or acquisitions yet.
Reports related to Oxford Ionics
Here is the latest report on Oxford Ionics's sector:
News related to Oxford Ionics
Filter this listMedia has covered Oxford Ionics for a total of 11 events in the last 1 year, 3 of them have been about company updates.
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IonQ Announces Pricing of $2.0 Billion Equity OfferingBusiness Wire•Oct 10, 2025•IonQ, Heights Capital, Oxford Ionics
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IonQ Completes Acquisition of Oxford Ionics to Accelerate Quantum ComputingSurge Battery Metals Inc•Sep 17, 2025•Oxford Ionics, IonQ
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Oxford Ionics: Billion-dollar exit for startup with Hermann Hauser on boardbrutkasten•Aug 01, 2025•Oxford Ionics, IonQ
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LTW 2025: IonQ’s CEO Niccolo De Masi Discusses Quantum Computing and the Acquisition of Oxford IonicsTechnologymagazine•Jul 02, 2025•Oxford Ionics, IonQ
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Jensen Huang's Quantum Support Fuels IonQ: Nvidia Synergy, Oxford Ionics DealBenzinga•Jun 12, 2025•IonQ, Oxford Ionics
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IonQ Acquires Oxford Ionics for $1.075B in Quantum Computing's Largest DealinsideHPC•Jun 12, 2025•IonQ, Oxford Ionics
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