Honeywell’s Quantinuum Secures $600 Million Funding, Gains Nvidia as Investor
Honeywell’s quantum computing subsidiary Quantinuum has raised $600 million at a $10 billion valuation, with Nvidia and other key investors backing the company to accelerate development of advanced quantum technologies and global partnerships.
Honeywell has announced a $600 million capital raise for its quantum computing company Quantinuum, achieving a pre-money valuation of $10 billion, with new investment from NVentures, Nvidia's venture capital arm, as well as Quanta Computer, QED Investors, and other existing investors. This funding will accelerate the development of Quantinuum’s quantum computing capabilities, including the upcoming launch of the next-generation Helios system and the strategic goal of universal fault-tolerant computing, while also expanding collaborations—such as Quantinuum’s new role as a founding collaborator at the Nvidia Accelerated Quantum Research Center and partnerships with leading organizations in the US, Europe, Middle East, and Asia.
Vimal Kapur, Chairman and CEO of Honeywell, said: "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," added Scot Baldry, Chief Technology Officer of JPMorganChase. "We are looking forward to continuing our work together to help accelerate innovation and move closer toward solving real-world problems through quantum applications."
Rajeeb Hazra, President & CEO of Quantinuum, said: "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."
