Honeywell's Quantinuum files for a US IPO, reporting a $136.6M net loss on revenue of $5.2M for the three months ended March 31; sources: it could raise $1.5B+
Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., filed for a US initial public offering …
Honeywell's Quantinuum raised $600M from Quanta, Nvidia's NVentures, and others at a $10B pre-money valuation, up from $5B after raising $300M in January 2024
Nvidia Corp.'s venture capital arm is investing in Quantinuum for the first time, valuing the quantum computing company controlled …
JPMorgan researchers say they have generated and certified truly random numbers using a quantum computer, a world-first with potential security and trading uses
Researchers created the sequence using a quantum computer built by Honeywell's Quantinuum, according to a paper published in the scientific journal Nature on Wednesday.
Sources: Honeywell is considering a US IPO of its majority-owned quantum computing firm Quantinuum as soon as 2025, and could seek a valuation of about $10B
Bloomberg :
Sources: Honeywell is considering a US IPO of its majority-owned quantum computing firm Quantinuum as soon as 2025, and could seek a valuation of about $10B
- The firm has held early talks with banks on potential IPO — A listing in the US could take place as soon as next year
Quantinuum raised $300M, led by JPMorgan, valuing the quantum computing company at $5B; Honeywell remains the majority owner
Thomas Black / Bloomberg :
Chicago-based Mediafly, which provides a revenue enablement service to Adobe, ADP, Honeywell, Nestlé, and other large companies, raised $80M led by BIP Ventures
Alex Zorn / Chicago Business Journal :
Quantinuum, recently spun off from Honeywell, claims it has created the first quantum-generated encryption key, which can't be predicted
- Company says quantum computing's power improves security — Product to compete against offerings from Amazon, Microsoft
Honeywell merges its quantum computing business with Cambridge Quantum to form a new joint venture; Honeywell will hold a majority stake and invest $270M-$300M
Honeywell, which only recently announced its entry into the quantum computing race, and Cambridge Quantum Computing (CQ) … Source: Honeywell .
Honeywell says it is buying Sparta Systems, which makes regulatory and quality management software for the life sciences industry, for $1.3B
Mike Wheatley / SiliconANGLE :