Honeywell Announces the Closing of $300 Million Equity Investment Round for Quantinuum at $5 Billion Pre-Money Valuation
Summary
The round is anchored by Quantinuums strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen and Honeywell, which remains the companys majority shareholder. "Lori Beer, Global Chief Information Officer at JPMorgan Chase said: "Financial services has been identified as one of the first industries that will benefit from quantum technologies. "Rajeeb Hazra, CEO of Quantinuum added: "The confidence in our business demonstrated through this investment by our longstanding strategic partners and industry leaders is a clear indication of the value we will continue to create with the worlds highest performing quantum computers, groundbreaking middleware to accelerate the developer ecosystem and innovative application software to revolutionize fields like cryptography, computational chemistry, and AI. "Quantinuums technologies are used today by leading companies, including Airbus, BMW Group, Honeywell, HSBC, JPMorgan Chase, Mitsui and Thales. Freshfields Bruckhaus Deringer US acted as external legal counsel.About HoneywellHoneywell is an integrated operating company serving a broad range of industries and geographies around the world.