JPMorgan Leads Investment Valuing Computing Firm at $5 Billion
- Mitsui, Amgen also part of Quantinuum’s $300 million round
- Honeywell remains majority owner of quantum computer maker
JPMorgan was an early customer of Quantinuum and has made “groundbreaking discoveries” aided by quantum computing, Lori Beer said in the statement.
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JPMorgan Chase & Co. anchored an investment in Quantinuum valuing the maker of quantum computers at about $5 billion.
Mitsui & Co. and Amgen Inc. also participated in the $300 million funding round for the business, which was spun out of Honeywell International Inc. in 2021. Honeywell, which also participated in the capital raise, will remain the majority owner of Quantinuum, according to a statement Tuesday.