Quantum computing firm Quantinuum, spun out of Cambridge Quantum and now controlled by Honeywell, has raised $600 million at a $10 billion valuation. The investment round added Nvidia’s NVentures, Quanta Computer, and QED to a roster that already included JPMorgan, Mitsui, Amgen, and Honeywell.
Funds will support the release of Helios, Quantinuum’s next-generation quantum computer, and push toward fault-tolerant quantum systems, considered the industry’s holy grail. The company describes itself as a full-stack quantum provider and has forged ties with Nvidia for joint research through the Accelerated Quantum Research Centre.
Expansion continues with partnerships in Japan, Europe, and the Middle East, including a Qatar joint venture backed by $1 billion in national funding. Quantinuum now employs more than 600 staff worldwide and joins a wave of quantum firms attracting major capital, including Finland’s IQM.
