Honeywell has announced an equity capital raise of approximately $600 million for Quantinuum, valuing the quantum computing company at a pre-money equity valuation of $10 billion. The funding round saw participation from both new and existing investors. Quanta Computer, NVentures (the venture capital arm of NVIDIA), and QED Investors joined shareholders such as JPMorganChase, Mitsui, Amgen, Cambridge Quantum Holdings, Serendipity Capital, and Honeywell itself. New investors MESH and Korea Investment Partners also participated in this round.
The raised capital is intended to support Quantinuum’s efforts to scale quantum computing capabilities. This includes ongoing development toward the launch of Helios, its next-generation quantum computing system expected later this year. The funding will also aid Quantinuum’s pursuit of universal fault-tolerant computing.
Quantinuum offers a full stack of quantum computing services and has been recognized for high performance in industry benchmarks. Its solutions include developer tools and applications like InQuanto that aim to drive scientific discovery and economic growth.
The company continues to expand its commercial activities and partnerships worldwide. Quantinuum will collaborate with NVIDIA at the NVIDIA Accelerated Quantum Research Center and has recently formed partnerships with organizations such as RIKEN, SoftBank Corp., Infineon, and STFC Hartree Center. The company is also expanding operations into regions including New Mexico, Qatar, and Singapore.
In Qatar, Quantinuum's joint venture was chosen to deliver advanced quantum infrastructure as part of a national investment plan over the next decade. In Singapore, the company is providing access to its technology for research in computational biology.
Vimal Kapur, Chairman and CEO of Honeywell, stated: “Quantinuum continues to meet and exceed our stated objectives — strategically, technically and commercially. We have complete confidence in Quantinuum’s ability to continue to lead the quantum revolution and create long-term value for its investors and customers.”
Scot Baldry, Chief Technology Officer of JPMorganChase, said: “We have seen firsthand the transformative potential of Quantinuum’s technology. We are looking forward to continuing our work together to help accelerate innovation and move closer toward solving real-world problems through quantum applications.”
Dr. Rajeeb Hazra, President & CEO of Quantinuum commented: “We are proud to partner with investors who share deep conviction in our vision for the future of quantum and AI. With the continued support of our customers and supply chain partners, this new funding will further extend our leadership, accelerate our roadmap and strengthen the entire quantum ecosystem.”
J.P. Morgan Securities LLC acted as exclusive placement agent for this financing round while Freshfields LLP served as external legal counsel.
Quantinuum employs more than 630 staff members across multiple countries including the US, UK, Germany, and Japan.
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