Honeywell Announces the Closing of $300 Million Equity Investment Round for Quantinuum at $5B pre-money valuation

JPMorgan Chase, Mitsui, Amgen and Honeywell make investment to support Quantinuum’s growth and innovation

January 16, 2024

Source: PRNewswire | News Provided By Honeywell International Inc.

Charlotte, North Carolina, January 16th, 2024 – Honeywell (NASDAQ: HON) today announced the closing of a $300 million equity fundraise for Quantinuum, the world’s leading integrated quantum computing company, at a pre-money valuation of $5 billion. The round is anchored by Quantinuum’s strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen and Honeywell, which remains the company’s majority shareholder. This investment brings the total capital raised by Quantinuum since inception to approximately $625 million.

This capital raise represents Quantinuum’s first equity funding round since Cambridge Quantum Computing and Honeywell Quantum Solutions merged in November 2021. The funds will be used to accelerate the path towards achieving the world’s first universal fault-tolerant quantum computers, while also extending Quantinuum’s software offering to enhance commercial applicability.

JPMorgan Chase has one of the world’s most highly regarded specialist teams working on quantum technologies within the financial services industry and has been working with Quantinuum and its predecessor companies since 2020. The company was one of the earliest experimental users of Quantinuum’s H-Series quantum processor and is also one of the most active corporate partners that employs Quantinuum’s software development kit, known as “TKET.”

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. As such, we have been investing in quantum research and our team of experts – led by Dr. Marco Pistoia – have made groundbreaking discoveries, partnering with quantum computing leaders like Quantinuum. We look forward to continuing to work together to positively impact our businesses, customers and the industry at large.”

Toru Matsui, Chief Digital Information Officer of Mitsui & Co., Ltd. said: "We are pleased with our capital contribution to support Quantinuum's new ventures in fault-tolerant quantum computing and quantum software development, which are ushering in the Quantum Era. Mitsui is committed to teaming to promote the introduction of Quantinuum's solutions in Japan and the Asia-Pacific markets."

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 world’s highest performing quantum computers, groundbreaking middleware to accelerate the developer ecosystem and innovative application software to revolutionize fields like cryptography, computational chemistry, and AI.”

Darius Adamczyk, Executive Chairman of Honeywell and Chairman of the Board of Quantinuum concluded: “The successful completion of this investment round is a testament to Quantinuum’s evolution and maturation in the quantum space. Today’s news signals the extent to which Quantinuum is uniquely positioned to commercialize its innovation and continue their leadership in a rapidly growing market. We look forward to welcoming these partners as investors in Quantinuum, as we all look forward to the tremendous opportunities in the years to come.”

Quantinuum’s technologies are used today by leading companies, including Airbus, BMW Group, Honeywell, HSBC, JPMorgan Chase, Mitsui and Thales. In collaboration, these organizations are exploring how to engineer and scale quantum capabilities to help solve some of world’s most challenging problems – from designing and manufacturing hydrogen cell batteries for transportation, to developing materials to sequester carbon safely from the atmosphere to support the world’s energy transition. Quantinuum is also at the forefront of developing Quantum Natural Language Processing, which will help enable the next generation of AI to be scalable and fit for purpose.

J.P. Morgan Securities LLC served as exclusive placement agent to Quantinuum in connection with the financing. Freshfields Bruckhaus Deringer US acted as external legal counsel.

About Honeywell

Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Connected Enterprise integrated software platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter, safer and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

About Quantinuum

Quantinuum, the world’s largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With almost 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents. 

The Honeywell trademark is used under license from Honeywell International Inc.

Honeywell makes no representations or warranties with respect to this service.

About Quantinuum

Quantinuum, the world’s largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents. 

July 22, 2026
Quantinuum Appoints Chief Legal Officer and Chief People Officer

Broomfield, CO July 22, 2026 — Quantinuum, Inc. (NASDAQ:QNT), a leading quantum computing company, today announced the recent appointments of Robin Schulman as Chief Legal Officer (CLO) and Company Secretary, effective July 13, 2026, and Rory O’Byrne as Chief People Officer (CPO), effective May 26, 2026. Ms. Schulman and Mr. O’Byrne both report to Quantinuum’s President and CEO Rajeeb Hazra.

“As Quantinuum enters an exciting new chapter as a publicly listed company, we are pleased to welcome Robin and Rory to our leadership team," said Dr. Rajeeb Hazra, President and CEO of Quantinuum. “Both Robin and Rory are highly accomplished leaders who bring deep experience guiding technology companies through periods of transformation. Their proven track records of building high-performing organizations and world-class functions will provide an invaluable benefit to Quantinuum as we continue to scale our business and the commercialization of quantum computing accelerates.”

Ms. Schulman joins Quantinuum with more than two decades of legal and executive leadership experience guiding high-growth technology companies through periods of rapid expansion, strategic transformation, and public company evolution, with a track record of translating strategy into execution and building the foundations for sustainable growth. Most recently, Ms. Schulman served as Chief Legal Officer and Head of Corporate Affairs at GitLab, where she spent nearly seven years leading the company's global legal, compliance, policy, competition, intellectual property, corporate development, sustainability and privacy strategy. Prior to that, she was the Chief Legal Officer at Couchbase and New Relic and held senior leadership positions at Adobe Inc.

"Quantinuum sits at a fascinating intersection of groundbreaking science and real-world commercial impact, and I could not be more excited to join the team at this important moment in the company’s journey,” said Robin Schulman, Chief Legal Officer and Company Secretary of Quantinuum. “I look forward to partnering with Raj, our Board, and the leadership team to build a durable foundation that supports Quantinuum’s continued growth and long-term success.”

Mr. O’Byrne brings more than 25 years of global human resources experience leading public and private equity-backed organizations across the technology, energy, mining, and industrial sectors. Most recently, Mr. O’Byrne served as Chief People Officer for Advanced Energy, where he led the company’s human resources team during a period of integration, transformation, and operational expansion. Prior to that, he served as Chief Human Resources Officer for Jonah Energy LLC and Senior Vice President, Global Human Resources at MRC Global.

"I'm thrilled to be joining Quantinuum at such a pivotal moment for the company and for quantum computing more broadly," said Rory O'Byrne, Chief People Officer of Quantinuum. "Having spent my career helping organizations scale through periods of rapid growth, I'm excited to build the people, culture, and infrastructure that will support Quantinuum's next chapter as a public company. It's a rare opportunity to help shape an organization at the forefront of a technology that will define the coming decades."

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.1  Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

For more information, please visit www.quantinuum.com

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

1 As of December 31, 2025.

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July 21, 2026
Quantinuum and SoftBank Corp. Publish Joint White Paper on Scaling Practical Quantum Computing Use Cases Toward the Fault-Tolerant Era
  • The companies have published a joint white paper mapping commercially relevant quantum computing use cases in quantum chemistry and graph analytics to Quantinuum’s hardware roadmap.
  • The paper provides a framework for assessing how advances in quantum hardware and algorithms could affect when practical industrial applications become feasible.
  • SoftBank Corp. and Quantinuum will use the roadmap to inform their exploration of future quantum AI data center services and related business models.

TOKYO and BROOMFIELD, Colo. – Quantinuum (NASDAQ: QNT) and SoftBank Corp. ("SoftBank") today announced the publication of “Quantum Computing Frontiers,” a joint white paper that maps two commercially-relevant quantum computing application areas against Quantinuum’s hardware roadmap. The analysis examines how advances in quantum hardware and algorithms could affect when these applications become practical for industrial use.

Building on this use-case roadmap, the paper also examines how quantum computing, AI, and high-performance computing could be integrated into future computing infrastructure. It considers how progress across successive hardware generations could inform future quantum AI data center services and related business models, a key focus of the Quantinuum and SoftBank partnership announced last year.

“The key takeaway of this study is that organizations do not need to wait for large-scale, fault-tolerant systems to explore where quantum computing can begin creating value,” said Duncan Jones, General Manager, Applications Group at Quantinuum. “By using today’s systems to develop, benchmark and refine applications in areas such as quantum chemistry and graph analytics, enterprises can build the technical and operational readiness needed for the next era of quantum-enabled computing.”

“The question is no longer whether quantum computing may deliver value, but rather which problem classes become executable at which stage of hardware maturity,” said Ryuji Wakikawa, Senior Vice President & CTO at SoftBank Corp. “However, we believe progress in hardware must be complemented by equally strong developments in quantum algorithms and the integration of quantum systems with AI and high-performance computing.”

The white paper discusses illustrative scenarios describing how representative applications, technology maturity, and potential market opportunities may evolve over time under stated assumptions. The analysis provided in the paper is intended to provide a conceptual framework for understanding potential market evolution and does not represent financial guidance or forecasts. These analyses are intended to support discussion of future technology development and should not be interpreted as commitments regarding commercialization, infrastructure investment, products, services, or financial performance.

The full white paper is available to download on the SoftBank and Quantinuum websites.

About SoftBank Corp.

Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is aiming to activate the potential of AI across its businesses and drive implementation in line with its “Activate AI for Society” growth strategy. While further growing its telecom business, SoftBank is expanding its AI computing infrastructure and AI and Cloud service businesses with the aim of becoming a provider of Next-generation Social Infrastructure. To learn more, please visit https://www.softbank.jp/en/corp/

About Quantinuum

Quantinuum (NASDAQ: QNT) is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.1  Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

1 As of December 31, 2025.

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July 14, 2026
Quantinuum, Rolls-Royce, Riverlane and University of Edinburgh Sign Agreement to Explore Quantum Computing for Industrial Design and Simulation
  • Collaboration will explore how fault-tolerant quantum computing could advance complex fluid dynamics simulations, including for uses in gas turbine design
  • Project aims to combine Quantinuum’s Helios platform, the world’s most accurate commercial quantum computer1, Rolls-Royce’s industrial applications, Riverlane’s quantum error correction and fault-tolerant algorithm expertise, and EPCC’s supercomputing expertise
  • Collaboration will help advance the UK quantum strategy by developing the quantum technologies and hybrid computing capabilities needed for future industrial applications

BROOMFIELD, Colo. and CAMBRIDGE, UK, July 14th, 2026 – Quantinuum Inc. (NASDAQ:QNT), Rolls-Royce, Riverlane and EPCC, the UK National Supercomputing Centre based at the University of Edinburgh, today announced an agreement to explore the quantum computing capabilities needed in future industrial workflows, such as gas turbine design.

Under the agreement, Quantinuum will provide access to its quantum systems and software environment; Rolls-Royce will contribute industrial design use cases and domain expertise; Riverlane will contribute quantum error correction and algorithmic expertise; and EPCC will contribute supercomputing expertise and hybrid workflow integration.

Complex fluid dynamics simulations are central to gas turbine design, but they can require substantial computing resources as models become more detailed. In what is expected to be a multi-year collaboration, the partners will explore how fault-tolerant quantum computers could work alongside supercomputers to address this bottleneck, and accurately model fluid dynamics inside gas turbines.

“The computing demands of simulating complex fluid dynamics are a major challenge in industrial design, and exploring how quantum computing can complement today’s supercomputers is an important step toward addressing them,” said Dr. Rajeeb Hazra, President and CEO of Quantinuum. “This collaboration will help develop and test the hybrid quantum-classical algorithms needed for future industrial applications.”

The collaborators plan to test key computational building blocks for industrially relevant quantum algorithms on Quantinuum’s Helios quantum computer and assess how these could scale on planned future systems, such as Sol and Apollo.

This project builds on prior collaborations between Rolls-Royce, Riverlane and EPCC that laid the foundations for understanding key algorithmic, error correction and data requirements for tackling fluid dynamic simulations with commercial quantum computers.

“We have been developing and improving algorithms for hybrid fault-tolerant applications for almost five years with Riverlane, using classical emulators in collaboration with EPCC. This agreement marks the start of an exciting new phase where we work together to explore their implementations on Quantinuum’s hardware,” said Leigh Lapworth, Fellow in Computational Science at Rolls-Royce. “Applications development is a multi-year activity and if we want to be in a position to benefit from teraQuOp devices, we have to start now, co-developing the algorithms, hardware and software.”

“Riverlane specialises in quantum error correction (QEC), as the critical technology that will ultimately unlock large fault tolerant quantum computing, and fault tolerant applications for various industries," said Steve Brierley, CEO and Founder of Riverlane. "Building on our work with Rolls-Royce and EPCC, collaborating with Quantinuum will help us explore how fault-tolerant quantum computing and hybrid quantum-HPC approaches can accelerate the path to industrial quantum computing."

EPCC will contribute its expertise in high-performance computing, simulations and the software interfaces needed to connect quantum and classical systems. Its role includes exploring how different parts of an algorithm can be compiled, emulated and executed across classical and quantum resources, including pre- and post-processing steps required for hybrid compute workflows.

“Quantum computing will be most valuable when users can exploit it within a wider computing environment, and EPCC has been working towards hybrid HPC and quantum since my appointment as a Chancellor’s Fellow in 2023,” said Oliver Thomson Brown, Quantum Group lead at EPCC. “EPCC’s mission is to accelerate the effective use of novel computing across industry and academia, and this project is a natural fit with the goals of the UK’s first National Supercomputing Centre.”

The UK’s quantum computing mission aims to develop accessible, UK-based quantum computers capable of one trillion error-free operations, known as “teraQuOp” systems. The collaboration and its anticipated multi-year timeline support the UK Government’s quantum computing mission and reflect the strength and maturity of the UK’s quantum and advanced computing ecosystem in moving from foundational research toward industrially relevant hybrid applications.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.2 Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally.

The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

1 Based on its high two-qubit gate fidelity supporting 98 physical qubits.

2 As of December 31, 2025.

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