HONEYWELL ANNOUNCES $600 MILLION CAPITAL RAISE FOR QUANTINUUM AT $10B PRE-MONEY EQUITY VALUATION TO ADVANCE QUANTUM COMPUTING AT SCALE

Rhea-AI Summary

Honeywell (NASDAQ: HON) has announced a significant $600 million equity capital raise for its quantum computing subsidiary Quantinuum at a $10 billion pre-money valuation. The funding round includes new investors Quanta Computer, NVIDIA's NVentures, and QED Investors, alongside reinvestments from existing shareholders.

The capital will support Quantinuum's development of quantum computing at scale, including the upcoming launch of its next-generation system, Helios. The company has secured strategic partnerships with NVIDIA and expanded into New Mexico, Qatar, and Singapore. Notable developments include Qatar's $1 billion investment commitment over the next decade and collaborations with RIKEN, SoftBank Corp., and Infineon.

Positive

• Successful capital raise of $600 million at a substantial $10 billion pre-money valuation
• Strategic partnerships with major tech companies including NVIDIA and expansion into new markets
• Secured $1 billion investment commitment from Qatar over the next decade
• Strong investor confidence demonstrated by reinvestment from existing shareholders
• Commercial momentum with multiple strategic partnerships and geographical expansion

Negative

• Significant capital requirements for quantum computing development and scaling
• Complex technological challenges in achieving universal fault-tolerant computing

Insights

Technology Investment Analyst

Honeywell's quantum computing venture Quantinuum raises $600M at $10B valuation, strengthening HON's position in the emerging quantum computing market.

Quantinuum has secured an impressive $600 million capital raise at a substantial $10 billion pre-money valuation, representing a significant milestone for Honeywell's quantum computing initiative. This funding round attracted high-profile tech investors including Quanta Computer, NVIDIA's venture arm (NVentures), and QED Investors, while existing shareholders like JPMorganChase, Mitsui, and Amgen all reinvested – signaling strong confidence in Quantinuum's technology and market position.

The capital infusion comes at a strategic time as Quantinuum prepares to launch its next-generation quantum system called Helios later this year. The company is positioning itself to achieve universal fault-tolerant computing – a critical breakthrough that would dramatically expand practical quantum computing applications by overcoming current limitations in error correction.

Quantinuum's full-stack approach, offering both hardware and software solutions, provides Honeywell with comprehensive exposure to the quantum computing value chain. The company has established notable strategic partnerships with NVIDIA (collaborating on the NVIDIA Accelerated Quantum Research Center), RIKEN, SoftBank, Infineon, and others, which should accelerate commercialization timelines.

Particularly noteworthy is Quantinuum's $1 billion joint venture in Qatar and expansion into Singapore, focusing on computational biology applications. These international deployments demonstrate commercial traction beyond research environments, validating Honeywell's strategic investment in quantum technologies.

For Honeywell shareholders, this capital raise effectively establishes a market-validated valuation benchmark for Quantinuum, providing greater visibility into the potential future value of Honeywell's stake in this emerging technology. As quantum computing advances toward commercial viability, Honeywell is well-positioned to benefit from its early and substantial investment in this transformative technology.

Quantum Computing Specialist

Quantinuum's $600M raise at $10B valuation accelerates quantum computing commercialization timeline, with Honeywell benefiting significantly as a major shareholder.

This $600 million raise represents one of the largest private funding rounds in quantum computing history, indicating significant private market confidence in Quantinuum's technical approach and commercial roadmap. The $10 billion valuation establishes Quantinuum as one of the most valuable quantum computing companies globally, particularly notable in a still-nascent industry where many competitors remain pre-revenue.

The imminent launch of the Helios quantum system mentioned in the release is technically significant, as it likely represents substantial improvements in qubit count, coherence times, or gate fidelities over current systems. More critically, Quantinuum's stated goal of being "the first to perform universal fault-tolerant computing" addresses the most fundamental challenge in quantum computing – overcoming the inherent noise and errors that limit current systems.

Quantinuum's technological approach leveraging trapped-ion qubits (which originated from Honeywell's quantum division) offers advantages in qubit quality and connectivity compared to superconducting approaches. The expansion of manufacturing capabilities mentioned suggests Quantinuum is addressing scaling challenges that have limited quantum hardware deployments.

The involvement of NVIDIA is particularly significant from a technical perspective, as it signals potential integration between quantum and classical high-performance computing – essential for practical quantum advantage in the near term. Similarly, the diverse industry partnerships (from financial services with JPMorgan to life sciences with Amgen) indicate multiple commercialization pathways.

For Honeywell, beyond the financial implications of its stake appreciating in value, this validates its strategic decision to spin out and separately capitalize its quantum computing division while maintaining significant ownership. As Quantinuum progresses toward fault-tolerant quantum computing, Honeywell's position as both an investor and industrial partner creates multiple avenues for long-term value creation.

CHARLOTTE, N.C., Sept. 4, 2025 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced an approximately $600 million equity capital raise for Quantinuum, developer of the world's highest-performing quantum computer, at a pre-money equity valuation of $10 billion.

Quanta Computer, NVentures (NVIDIA's venture capital arm) and QED Investors have joined existing shareholders JPMorganChase, Mitsui, Amgen, Cambridge Quantum Holdings, Serendipity Capital and Honeywell — all of whom have reinvested in this round. The round also includes participation from new investors MESH and Korea Investment Partners.

This capital raise will support Quantinuum's advancement of quantum computing at scale, which includes continued progress toward the upcoming launch of Helios, the company's next generation quantum computing system that is expected to launch this year. It will also support Quantinuum's path to becoming the first to perform universal fault-tolerant computing.

A full-stack quantum computing provider, Quantinuum is accelerating commercially useful quantum computing with commercially available quantum computers that are the undisputed leaders in performance. Along with some of the most used developer tools and end-applications such as InQuanto, the company's solutions are driving breakthrough scientific discoveries, economic growth and sustainable development. 

Quantinuum continues increasing its commercial momentum and earning global recognition. The company will work with NVIDIA as a founding collaborator on breakthroughs at the NVIDIA Accelerated Quantum Research Center.  Additionally, Quantinuum has entered strategic partnerships aimed at innovative quantum computing solutions that will expand the capabilities of classical artificial intelligence and realize next-generation technologies. Quantinuum recently announced partnerships and collaborations with RIKEN, SoftBank Corp., Infineon and STFC Hartree Center, as well as expansions into New Mexico, Qatar and Singapore.

The company's collaborations collectively provide substantial investment funding, accelerate research and product development, scale manufacturing capabilities, secure supply chains and foster the overall growth of the quantum technologies industry. For example, the company's Joint Venture in Qatar was selected to deliver advanced quantum computing infrastructure and solutions to the region as part of Qatar's $1 billion investment over the next decade. In Singapore, Quantinuum is enabling access to the company's advanced quantum computer, and to explore and collaborate on quantum use cases, focusing on computational biology.    

Vimal Kapur, Chairman and CEO of Honeywell:
"Quantinuum continues to meet and exceed our stated objectives — strategically, technically and commercially. We have complete confidence in Quantinuum's ability to continue to lead the quantum revolution and create long-term value for its investors and customers."

Scot Baldry, Chief Technology Officer of JPMorganChase:
"We have seen firsthand the transformative potential of Quantinuum's technology. We are looking forward to continuing our work together to help accelerate innovation and move closer toward solving real-world problems through quantum applications."

Dr. Rajeeb Hazra, President & CEO of Quantinuum: 
"We are proud to partner with investors who share deep conviction in our vision for the future of quantum and AI. With the continued support of our customers and supply chain partners, this new funding will further extend our leadership, accelerate our roadmap and strengthen the entire quantum ecosystem."

J.P. Morgan Securities LLC served as exclusive placement agent to Quantinuum in connection with the financing. Freshfields LLP acted as external legal counsel.

About Honeywell
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter, safer, as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

About Quantinuum
Quantinuum is the world leader in quantum computing. The company's quantum systems deliver the highest performance across all industry benchmarks. Quantinuum's over 630 employees, including 370+ scientists and engineers, across the US, UK, Germany, and Japan, are driving the quantum computing revolution.

For more information, please visit www.quantinuum.com

The Honeywell trademark is used under license from Honeywell International Inc.
Honeywell makes no representations or warranties with respect to this service.

Contacts:
Media	Investor Relations
Stacey Jones	Sean Meakim
(980) 378-6258	(704) 627-6200
Stacey.Jones@honeywell.com	Sean.Meakim@honeywell.com

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SOURCE Honeywell

FAQ

What is the size and valuation of Honeywell's Quantinuum capital raise in 2025?

Quantinuum raised $600 million at a $10 billion pre-money equity valuation, with participation from new and existing investors.

Who are the new investors in Honeywell's Quantinuum funding round?

The new investors include Quanta Computer, NVentures (NVIDIA's venture capital arm), QED Investors, MESH, and Korea Investment Partners.

What will Quantinuum use the $600 million funding for?

The funding will support quantum computing advancement at scale, including the launch of Helios (next-generation quantum computing system) and progress toward universal fault-tolerant computing.

What major partnerships has Quantinuum secured in 2025?

Quantinuum has secured partnerships with NVIDIA, RIKEN, SoftBank Corp., Infineon, and STFC Hartree Center, plus a $1 billion investment commitment from Qatar over 10 years.

How will HON's Quantinuum expansion affect its market position?

The expansion strengthens Honeywell's position in quantum computing through geographical growth into New Mexico, Qatar, and Singapore, enhanced partnerships, and accelerated product development.