IonQ said Monday it will acquire cybersecurity firm Elisity in an all-stock deal worth up to $1.3 billion, including up to $150 million in performance-based earnouts. The move aims to defend against attacks on generative AI models and AI agents and to guard against emerging quantum threats, and CEO Niccolo de Masi says it strengthens the company's quantum security strategy. The deal is expected to close in the fourth quarter, subject to regulatory approval, and Elisity will keep its current leadership, including CEO James Winebrenner. IonQ shares fell more than 9% in afternoon trading, and other quantum stocks such as Rigetti Computing and D-Wave Quantum also declined. The acquisition follows IonQ's $1.8 billion purchase of SkyWater Technology in July and two June executive orders from President Donald Trump on quantum computing and government cybersecurity.
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