Quantinuum, a Broomfield, Colorado-based integrated quantum computing company, closed a $300m equity funding at a pre-money valuation of $5 billion.
The round was anchored by Quantinuum’s strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen and Honeywell (NASDAQ: HON), which remained the company’s majority shareholder. This investment brings the total capital raised by Quantinuum since inception to approximately $625m and represents Quantinuum’s first equity funding round since Cambridge Quantum Computing and Honeywell Quantum Solutions merged in November 2021.
The company intends to use the funds to accelerate the path towards achieving universal fault-tolerant quantum computers, while also extending its software offering to enhance commercial applicability.
Led by Rajeeb Hazra, CEO, Quantinuum is an integrated quantum company, which advances quantum computers and advanced software solutions, driving breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. The technologies are used today by leading companies, including Airbus, BMW Group, Honeywell, HSBC, JPMorgan Chase, Mitsui and Thales. The company has almost 500 employees, including 370+ scientists and engineers.
FinSMEs
17/01/2024