Quantinuum raised $600 million in venture funding led by Nvidia's venture capital arm, Quanta Computer and QED for a valuation of $10 billion.
The quantum computing company said that existing shareholders JPMorganChase, Mitsui, Amgen, Cambridge Quantum Holdings, Serendipity Capital and Honeywell also invested in the latest venture round.
Quantinuum has been busy building out its quantum software stack and launch of Helios, its next-generation system. The company is aiming to be among the first to deliver universal fault-tolerant quantum systems.
Along with the funding, Quantinuum said it will work with Nvidia in its Accelerated Quantum Research Center.
Quantinuum has doubled its valuation since January 2024.
"Nvidia has quickly turned from a skeptical observer to an investor in quantum. With Quantinuum it covers the laser gate technology approach to quantum as it is keeping tabs on the different technology approaches," said Constellation Research analyst Holger Mueller. "One can expect Nvidia to do the same for the other platforms – and future will tell if Nvidia was able to pick the winners."
Recent Quantinuum developments include:
- Quantinuum fleshes out quantum software stack with open source Guppy, Selene
- Quantinuum, partners create true verifiable randomness, eye quantum computing for cybersecurity
- Quantinuum launches generative AI quantum framework, sees quantum computing as synthetic data generator
