Honeywell has announced an equity capital raise of approximately $600 million for Quantinuum, a company known for developing high-performance quantum computers. The investment round values Quantinuum at a pre-money equity valuation of $10 billion.
The funding round included new investors such as Quanta Computer, NVentures (the venture capital arm of NVIDIA), QED Investors, MESH, and Korea Investment Partners. Existing shareholders JPMorganChase, Mitsui, Amgen, Cambridge Quantum Holdings, Serendipity Capital, and Honeywell also participated by reinvesting in this round.
Quantinuum plans to use the new capital to advance its work in quantum computing at scale. This includes progress toward launching Helios, its next-generation quantum computing system expected later this year. The funds will also support efforts to achieve universal fault-tolerant computing.
Quantinuum provides full-stack quantum computing solutions and is recognized for delivering commercially available systems that lead industry performance benchmarks. Its offerings include developer tools and applications like InQuanto. These technologies are contributing to scientific discoveries and economic growth.
The company continues to build commercial momentum and global partnerships. Quantinuum will collaborate with NVIDIA as a founding partner at the NVIDIA Accelerated Quantum Research Center. It has also formed strategic partnerships with organizations including RIKEN, SoftBank Corp., Infineon, and STFC Hartree Center. Recent expansions have taken place in New Mexico, Qatar, and Singapore.
Quantinuum’s collaborations are intended to boost investment funding, research development, manufacturing capacity, supply chain security, and overall industry growth. In Qatar, the company’s joint venture was chosen to deliver advanced quantum infrastructure as part of a national $1 billion investment over ten years. In Singapore, Quantinuum is providing access to its technology for collaborative research focused on computational biology.
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.”
Scot Baldry, Chief Technology Officer of JPMorganChase stated: “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. Rajeeb Hazra, President & CEO of Quantinuum commented: “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.”
J.P. Morgan Securities LLC acted as exclusive placement agent for this financing round while Freshfields LLP served as external legal counsel.
Honeywell operates across multiple industries worldwide with business segments focusing on automation technologies and other solutions. Quantinuum employs more than 630 people globally with teams based in the US, UK, Germany, and Japan.
