Quantinuum Breaks Through Ceiling with $300 Million in Added Funding

It's a Quantum startup with a $5 Billion valuation now in 2024, three years after forming and ten years after Honeywell Quantum Solutions itself was founded.

Hey Everyone,

While Venture Capital is not expected to have a great year in 2024, don’t tell that to one of the existing leaders in Quantum.

Quantinuum was pleased to announce the closing of a $300 million equity fundraise at a $5 billion pre-money valuation at of January 16th, 2024.

• Formed in 2021, Quantinuum is the combination of the quantum hardware team from Honeywell Quantum Solutions (HQS) and the quantum software team at Cambridge Quantum Computing (CQC). HQS was founded in 2014. This is by far one of the more serious attempts at scaling the technology on par with the likes of IBM.