IonQ (IONQ.US) acquires Elisity for $1.3 billion in an all-stock deal: quantum computing valuations begin to cash in on the hot concept of cybersecurity.

Zhito Finance APP has learned that quantum computing company IonQ (IONQ.US) has agreed to acquire Elisity in an all-stock deal valued at up to $1.3 billion, seeking to expand its cybersecurity platform to defend against AI-assisted attacks and emerging quantum threats. The Maryland-based company said in a statement on Monday that Elisity is a fast-growing enterprise security company that will bolster IonQ's expanding quantum security product line; the $1.3 billion consideration includes up to $150 million in earnout.