Honeywell announces $600M capital raise for Quantinuum

Honeywell (HON) announced an approximately $600M equity capital raise for Quantinuum, developer of the world’s highest-performing quantum computer, at a pre-money equity valuation of $10B. Quanta Computer, NVentures (NVIDIA’s venture capital arm) and QED Investors have joined existing shareholders JPMorganChase, Mitsui, Amgen, Cambridge Quantum Holdings, Serendipity Capital and Honeywell – all of whom have reinvested in this round. The round also includes participation from new investors MESH and Korea Investment Partners.