2 years ago

Quantinuum Secures $300 Million in Funding for Quantum Computing Advancement

  • Quantinuum, a UK-based quantum computing company, has raised $300 million in funding, led by JPMorgan Chase

  • The company, which was formed through the merger of Cambridge Quantum Computing and Honeywell Quantum Solutions, plans to use the funds to accelerate the development of universal fault-tolerant quantum computers and enhance its software offerings

  • The investment closed at a pre-money valuation of $5 billion.

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