Honeywell’s Quantum Computing Company Raises Hundreds Of Millions

One of the most important companies in quantum computing has just raised more than half a billion dollars. And some of the biggest technology companies and investment banks in the world are behind it.

What’s happening:

• Honeywell’s (NASDAQ: HON) incubated quantum computing Quantinuum has raised $600M USD in a new financing round
  
• The round was led by Nvidia (NASDAQ: NVDA), Korea Investment Partners and Quanta Computer
  

Why it matters:‍

• Quantinuum’s new funding round is one of the single largest capital raises ever for a quantum computing company
  

Going deeper:‍

• Quantinuum has existing notable partnerships for their quantum computing hardware and software with Nvidia, SoftBank, RIKEN and others
  
• Multiple early backers of Quantinuum also participated in the recent financing round, including both JPMorgan Chase and Honeywell
  

The intrigue:‍

• Quantinuum’s Helios quantum system is expected to launch imminently and is widely expected to be one of the largest breakthroughs ever towards achieving fully fault-tolerant quantum computing

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