Honeywell Announces $600 Million Capital Raise For Quantinuum at $10B Pre-Money Equity Valuation to Advance Quantum Computing at Scale

Source: PRNewswire - Honeywell

Charlotte, N.C., Jan. 14^th 2026  — Honeywell (NASDAQ: HON) today announced that Quantinuum LLC ("Quantinuum" or the "Company"), which is majority owned by Honeywell, plans to make a confidential submission of a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of Quantinuum's common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market and other conditions and the completion of the SEC's review process.

This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the "Securities Act"), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities, will be made in accordance with the registration requirements of the Securities Act.

Contacts:

Media ‍
Stacey Jones
(980) 378-6258
Stacey.Jones@honeywell.com

Investor Relations
Mark Macaluso
(704) 627-6118
Mark.macaluso@honeywell.com

With the industry's most advanced quantum systems and proven ability to scale, Quantinuum is on track to deliver utility-scale quantum computing by early 2030s 

November 6, 2025 – Broomfield, CO – Quantinuum, the world leader in quantum computing, has been selected by the Defense Advanced Research Projects Agency (DARPA) as a contractor to advance to Stage B of DARPA’s Quantum Benchmarking Initiative (QBI).

DARPA is using QBI to evaluate the technical likelihood that a utility scale quantum computer will be available no later than 2033. A multi-stage program, Stage B follows a six-month Stage A effort in which Quantinuum developed and delivered a detailed concept design for a utility scale system called “Lumos.” 

Last year, Quantinuum released its public roadmap through the end of the decade with Apollo—a universal, fully fault-tolerant quantum computer—scheduled for launch in 2029. Lumos is a new addition to the roadmap as Quantinuum outlines plans to develop increasingly larger systems into the 2030s. 

“This selection recognizes the strength and maturity of our roadmap and the work our teams have already delivered,” said Dr. Rajeeb Hazra, President and CEO of Quantinuum. “Lumos extends our roadmap into the next decade and gives DARPA a concrete, de-risked path for achieving utility-scale quantum computing by 2033. We look forward to partnering with DARPA and our ecosystem partners to advance this important national objective.”

Stage B will be a year-long, performance-based evaluation by DARPA’s Test and Evaluation team in which Quantinuum will develop a detailed R&D roadmap for Lumos to validate technical assumptions, verification methods, and scaling plans to meet the 2033 objective.

Yesterday, Quantinuum deployed its latest generation system, “Helios,” on schedule with its roadmap. With the highest fidelity physical qubits and logical qubits of any commercial system, and a next-generation software stack featuring a modern, high-level programming language, Helios is designed to accelerate quantum computing adoption. The system has already been used to simulate high-temperature superconductivity and magnetism at unprecedented scales—two applications with relevance to critical, industrial utility.  

About Quantinuum

Quantinuum is the world leader in quantum computing. The company’s quantum systems deliver the highest performance across all industry benchmarks. Quantinuum’s over 630 employees, including 370+ scientists and engineers, across the US, UK, Germany, and Japan, are driving the quantum computing revolution.

For more information, please visit www.quantinuum.com

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New collaboration to position Singapore as a leading global hub for quantum computing

Quantinuum to bring state-of-the-art Helios quantum computer to Singapore in 2026 and establish R&D and Operations Centre to advance talent development and commercial innovation

Singapore, November 6th, 2025 – Singapore’s National Quantum Office (NQO), a national platform hosted by the Agency for Science, Technology and Research (A*STAR), and Quantinuum, the world’s leading quantum computing company, today announced a strategic partnership to accelerate quantum computing in Singapore. 

The partnership marks a key milestone under Singapore’s National Quantum Strategy, led by NQO, and will advance quantum hardware, software and talent development through Singapore’s National Quantum Computing Hub (NQCH). The NQCH and Quantinuum will work together to strengthen Singapore’s position as a top global quantum computing hub, accelerate innovation with industry users across pharmaceuticals, materials science and finance, and nurture world-class talent. 

Singapore to Become First Country Outside of the United States to Host the World-Class Quantinuum Helios System

The installation of the Helios system in Singapore, expected to be completed in 2026, will give researchers direct access to Quantinuum’s Helios computing capabilities, supporting deeper research collaboration and innovation. Effective immediately, researchers will gain cloud access to Helios that enables key research and capability building.

As a full-stack offering, Helios is one of the most advanced commercial quantum computers today. The Helios platform unites a fully connected physical and logical qubit architecture with industry-leading fidelity and a next-generation software stack featuring a modern, high-level programming language, Helios is designed to accelerate quantum computing adoption.

Deepening Collaboration through Quantinuum’s R&D and Operations Centre in Singapore

Quantinuum will establish a new R&D and Operations Centre in Singapore to collaborate with Singapore’s research and innovation ecosystem. The Centre will serve to unify Quantinuum staff and local researchers and industry partners in co-developing end-to-end middleware and applications that bridge classical and quantum systems. Through these efforts, the Centre aims to accelerate the translation of quantum technologies into commercially relevant solutions, while building long-term R&D capabilities in quantum computing and its applications.

Strengthening Singapore’s Quantum Ecosystem through Industry Collaboration and Talent 

The partnership will foster a thriving quantum ecosystem in Singapore through industry programs and talent development. These include internships and co-organized workshops and conferences to accelerate skills transfer and build a strong pipeline of quantum specialists.

Quantinuum will collaborate with industry end-users in Singapore to co-develop advanced quantum computing applications that address real-world challenges. Initial programs under the strategic partnership will target areas such as:

1. Computational biology, bioinformatics, and drug discovery
2. Financial modeling and optimization 
3. Advanced materials and chemistry
4. Combinatorial optimization

Collectively, the initiatives aim to nurture a community of researchers, engineers and developers equipped to advance quantum computing and strengthen collaboration across Singapore’s research and industry ecosystem.

A Strategic Journey of Collaboration between Singapore and Quantinuum

• Mr. Ling Keok Tong, Executive Director of the National Quantum Office: “This partnership marks an important step in building Singapore as a leading quantum computing hub. Through the National Quantum Computing Hub, we are advancing quantum-enabled applications in sectors such as healthcare, materials science, and finance. Working with Quantinuum will accelerate this progress, deepen local capabilities, and position Singapore as a leading quantum computing hub in the region, driving real-world outcomes.”
• Dr. Rajeeb Hazra, President & CEO of Quantinuum: “Singapore has demonstrated remarkable foresight in recognizing the transformative power of quantum computing in this next phase of technological progress. Quantinuum is proud to work in partnership with Singapore to advance the frontiers of quantum computing, providing direct access to the most powerful computational capabilities ever developed. Together, we’re strengthening a hub that will accelerate the commercialization of quantum computing, enabling industries to rapidly turn breakthrough technology into real-world solutions.” 
• Mrs. Josephine Teo, Minister for Digital Development and Information, and Minister-in-Charge of Cybersecurity & Smart Nation Group: “Singapore continues to invest significantly in quantum to strengthen our digital growth and security. We do this by collaborating with global partners on frontier tech, developing, and attracting world-class talents, and uplifting our local workforce and enterprises. Together, we hope to shape a more prosperous and safe future for Singapore and the world – where technology serves the public good.”

This strategic partnership builds on Quantinuum’s ongoing collaboration with Singapore’s quantum ecosystem, following two earlier agreements inked in 2024. These collaborations, which also involved the A*STAR Bioinformatics Institute (A*STAR BII) and Duke-NUS Medical School, laid the groundwork for this next phase of collaboration.

For media queries and clarifications, please contact: 

Quah Sheryl
Agency for Science, Technology and Research (A*STAR)
Corporate Communications
Mobile: +65 9113 7937
Email: Sheryl_Quah@a-star.edu.sg

About Quantinuum

Quantinuum is the world leader in quantum computing. The company’s quantum systems deliver the highest performance across all industry benchmarks. Quantinuum’s over 630 employees, including 370+ scientists and engineers, across the US, UK, Germany, and Japan, are driving the quantum computing revolution. For more information, please visit www.quantinuum.com

Quantinuum Helios, Powered by Honeywell, reflects that the Helios ion trap was manufactured by Honeywell. The Honeywell trademark is used under license from Honeywell International, Inc. Honeywell makes no representations or warranties with respect to this service. 

‍About the National Quantum Office

The National Quantum Office (NQO) was established with the support of the National Research Foundation (NRF) to drive the development and implementation of the Research, Innovation and Enterprise (RIE) strategy for Quantum in Singapore. The Office was set up in April 2022 and is hosted by A*STAR, the Implementing Agency for Quantum. NQO, as a control tower, supports fundamental and translational research in Quantum through various strategic programmes that it oversees. It partners both public and private sectors to create a vibrant RIE quantum ecosystem in Singapore. For more information, visit https://nqo.sg.

About the National Quantum Computing Hub

The National Quantum Computing Hub (NQCH) is Singapore’s national initiative for advancing quantum software and applications. The hub is building foundational capabilities, providing access to quantum computers, and driving public-private partnerships. 

NQCH pursues practical quantum advantage across high-impact fields, including quantum chemistry, computational biology, finance and optimisation. The Hub also runs a programme to develop talent for the emerging quantum industry.

NQCH is a joint effort by Singapore’s Centre for Quantum Technologies (CQT), A*STAR Institute of High Performance Computing (A*STAR IHPC), and the National Supercomputing Centre (NSCC) Singapore.

For more information, visit: nqch.sg 

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