Honeywell Announces $600 Million Capital Raise for Quantinuum at $10B Pre-Money Equity Valuation to Advance Quantum Computing at Scale
Quanta Computer, NVentures (NVIDIA's venture capital arm) and
This capital raise will support Quantinuum's advancement of quantum computing at scale, which includes continued progress toward the upcoming launch of Helios, the company's next generation quantum computing system that is expected to launch this year. It will also support Quantinuum's path to becoming the first to perform universal fault-tolerant computing.
A full-stack quantum computing provider, Quantinuum is accelerating commercially useful quantum computing with commercially available quantum computers that are the undisputed leaders in performance. Along with some of the most used developer tools and end-applications such as InQuanto, the company's solutions are driving breakthrough scientific discoveries, economic growth and sustainable development.
Quantinuum continues increasing its commercial momentum and earning global recognition. The company will work with NVIDIA as a founding collaborator on breakthroughs at the
The company's collaborations collectively provide substantial investment funding, accelerate research and product development, scale manufacturing capabilities, secure supply chains and foster the overall growth of the quantum technologies industry. For example, the company's
"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."
"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.
"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."
About
About Quantinuum
Quantinuum is the world leader in quantum computing. The company's quantum systems deliver the highest performance across all industry benchmarks. Quantinuum's over 630 employees, including 370+ scientists and engineers, across the US,
For more information, please visit www.quantinuum.com
The
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