Quantinuum on Receiving End of $300M Investment Round from Honeywell
Date | 18th, Jan 2024 |
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Source | Photonics Media - Scientific News Websites |
DESCRIPTION
Honeywell has closed a $300 million equity fundraising for integrated quantum computing company Quantinuum. The round closed at a pre-money valuation of $5 billion. Honeywell said that the financing is anchored by Quantinuum's strategic partner, JPMorgan Chase, with additional participation from Mitsui & Co., Amgen, and Honeywell itself, which remains the company's majority shareholder.