Honeywell announced an equity capital raise of approximately $600 million for Quantinuum, a Broomfield company developing advanced quantum computers, at a pre-money equity valuation of $10 billion. This raise includes participation from existing shareholders like JPMorganChase and new investors such as MESH and Korea Investment Partners.
The funding aims to advance quantum computing technology, particularly in preparation for the launch of Quantinuum’s upcoming next generation quantum computing system, Helios. The capital will also support the company’s goal of achieving universal fault-tolerant computing.
Quantinuum, recognized for its high-performing quantum computers, aims to foster breakthroughs in scientific research and technology development. The company has established collaborations with significant partners, including NVIDIA and various international organizations, to expand its capabilities and operations. Recent expansions into locations such as New Mexico, Qatar and Singapore are also part of its strategy to develop advanced quantum solutions.
J.P. Morgan Securities LLC acted as the exclusive placement agent for this financing round.
