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Quantinuum Raises $600M at $10B Valuation to Advance Quantum Computing
Quantinuum Raises $600M at $10B Valuation to Advance Quantum Computing
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BTCCSquare news:
Quantinuum, the quantum computing firm majority-owned by Honeywell, has secured $600 million in fresh funding at a $10 billion valuation—doubling its worth since January 2024. The round drew participation from Nvidia's venture arm and existing backers like JPMorgan and Mitsui, signaling robust institutional confidence in quantum technology.
The capital will accelerate development of trapped-ion quantum systems, including the upcoming Helios computer, as Quantinuum races to achieve fault-tolerant quantum computing for real-world applications. No direct cryptocurrency or exchange linkages were identified in this funding milestone.
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