Honeywell (HON) and other backers of Quantinuum are considering raising money at a valuation of around $10B for the quantum computing company, people familiar with the matter told Bloomberg’s Liana Baker, Kiel Porter and Ryan Gould. Nvidia (NVDA) is among those that has been approached about potentially investing, the report notes. Talks have taken place with current Quantinuum investors, as well as potential new backers, over a fresh injection of capital, with the size of the fundraising expected to run into the hundreds of millions of dollars, the authors say.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HON:
- Honeywell weighs raising money for Quantinuum at $10B valuation, Bloomberg says
- Honeywell’s Quantinuum considers fundraising at $10B valuation, Bloomberg says
- Honeywell announces acquisition of three utility platforms from SparkMeter
- Caterpillar speculated by MarketWatch as most likely Buffet ‘mystery stock’
- Resideo completes transaction with Honeywell