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- Quantinuum is one of the world’s leaders in quantum computing
- It is working with a range of partners on multiple projects, including Japanese telco SoftBank Corp and Nvidia
- The company has just raised $600m at a valuation of $10bn
AI might be attracting most of the tech investment money right now but the quantum computing sector is also getting a slice of the action, with US/UK specialist Quantinuum having just announced a $600m round that values the company at $10bn.
Quantinuum was formed in 2021 when Cambridge Quantum, a quantum software, operating systems and cybersecurity specialist, merged with Honeywell Quantum Solutions, a developer of high-performing quantum hardware, based on trapped-ion technologies, with aerospace, industrial automation and energy solutions giant Honeywell taking a majority stake.
In early 2024, Quantinuum raised $500m at a $5bn valuation, with JPMorganChase leading the funding round.
