Quantinuum Raises $300M in Funding Round Led by JPMorgan Chase

The quantum computing startup, now valued at $5 billion, plans to use the funds to develop fault-tolerant quantum computers and extend its software offering.

• Quantinuum, a quantum computing startup backed by Honeywell, has raised $300 million in a funding round led by JPMorgan Chase, bringing its total capital raised to $625 million and its valuation to $5 billion.
• Quantinuum was launched in 2021 as a result of a merger between Cambridge Quantum and Honeywell Quantum Solutions, and has developed the H-series of trapped-ion quantum computers.
• JPMorgan Chase, an early customer of Quantinuum, is investigating ways to use quantum systems to optimize investment portfolios, accounting for regulatory constraints.
• Quantinuum's technologies are used by companies such as Airbus, BMW Group, Honeywell, HSBC and JPMorgan Chase, and are expected to benefit industries such as financial services.
• The new funds will be used to develop fault-tolerant quantum computers and extend Quantinuum's software offering.

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