The fundraise was joined by Mitsui & Co and Amgen at a valuation of approximately $5 billion.
Quantum computing company Quantinuum recently closed a $500-million funding round at a valuation of approximately $5 billion. The round was led by JPMorgan Chase and joined by Mitsui & Co and Amgen, with a follow-on investment from Honeywell.
Quantinuum is a merger spinout from Cambridge Quantum Computing and Honeywell Quantum Solutions. It was founded in 2021.
Quantum computers exist today, but for the most part, they’re experimental. The goal of a fully fault-tolerant quantum system capable of quantum advantage — performing useful functions that classical computers can’t — remains out of reach for the time being.
