Cambridge Quantum Computing

Honeywell Announces the Closing of $300 Million Equity Investment Round for Quantinuum at $5 Billion Pre-Money Valuation

Retrieved on: 
Tuesday, January 16, 2024
JPMorgan Chase, Amgen, Research, Mitsui & Co., Airbus, AI, HSBC, Carbon, Digital, Transport, Cambridge Quantum Computing, Organization, Computational chemistry, BMW, Cryptocurrency

CHARLOTTE, N.C., Jan. 16, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the closing of a $300 million equity fundraise for Quantinuum, the world's leading integrated quantum computing company, at a pre-money valuation of $5 billion. The round is anchored by Quantinuum's strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen and Honeywell, which remains the company's majority shareholder. This investment brings the total capital raised by Quantinuum since inception to approximately $625 million.

Key Points: 
  • CHARLOTTE, N.C., Jan. 16, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the closing of a $300 million equity fundraise for Quantinuum, the world's leading integrated quantum computing company, at a pre-money valuation of $5 billion.
  • The round is anchored by Quantinuum's strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen and Honeywell, which remains the company's majority shareholder.
  • This investment brings the total capital raised by Quantinuum since inception to approximately $625 million.
  • This capital raise represents Quantinuum's first equity funding round since Cambridge Quantum Computing and Honeywell Quantum Solutions merged in November 2021.

Financial Services Industry Quantum Computing Applications Market Analysis Report 2022-2032 Featuring Citigroup, JPMorgan, & Wells Fargo

Retrieved on: 
Thursday, December 22, 2022
Chapter Two, Hardware, Financial services, Bank, Wells Fargo, AI, Goldman Sachs, Computer, Bank of America, Cambridge Quantum Computing, Mathematics, CRM, Insurance, Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, Citigroup, Machine learning, JPMorgan Chase, Cryptocurrency, Online shopping

DUBLIN, Dec. 22, 2022 /PRNewswire/ -- The "Quantum Computing Applications in the Financial Services Industry: End-User Cases and Market Forecasts" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Dec. 22, 2022 /PRNewswire/ -- The "Quantum Computing Applications in the Financial Services Industry: End-User Cases and Market Forecasts" report has been added to ResearchAndMarkets.com's offering.
  • This report describes the opportunities, challenges and deployment options surrounding the application of quantum computing in the financial services vertical.
  • The report also takes a look at quantum computing's role in accelerating the use of AI and machine learning in the financial services sector.
  • It also provides a focus on sales strategy to sell banks and other financial institutions on using quantum computing
    1.3 The Math is Out There, the Hardware is Not
    Chapter Two: Quantum Computing in Financial Services: Attitudes and Market Evolution

UCL Computer Science To Explore Natural Language Processing On Quantum Computers For Content Discovery and Archive Retrieval

Retrieved on: 
Monday, November 28, 2022
Mathematics, BBC, Royal Academy of Engineering, Royal Academy of Arts, Chemistry, Cambridge Quantum Computing, Climate change, Artificial intelligence, University College London, UCL, Bob Coecke, Linguistics, Health, Science, Engineering, Microscope, Management

CAMBRIDGE, England, Nov. 28, 2022 /PRNewswire/ -- Quantinuum, the world's leading integrated quantum computing company, has joined a consortium with University College London (UCL) and the British Broadcasting Corporation (BBC) to explore the industrial relevance of quantum natural language processing (QNLP) and quantum-inspired natural language processing.

Key Points: 
  • CAMBRIDGE, England, Nov. 28, 2022 /PRNewswire/ -- Quantinuum, the world's leading integrated quantum computing company, has joined a consortium with University College London (UCL) and the British Broadcasting Corporation (BBC) to explore the industrial relevance of quantum natural language processing (QNLP) and quantum-inspired natural language processing.
  • TheBBC hopes to find new ways to represent content in forms readable bycomputers, to support tasks such as content discovery andarchivalretrieval.This builds on theCorporation's previous work with Sadrzadeh on Enhancing Personalised Recommendations with the use of Multi Modal Information .
  • Quantinuum is a leader in the fields in which it operates, and this leadership is built on deeply meaningful collaborations such as this."
  • Experimental evidence followed suite by Professor Sadrzadeh's work on Concrete Models and Experimental Evaluations for the Categorical Compositional Distributional Model of Meaning .

UCL Computer Science To Explore Natural Language Processing On Quantum Computers For Content Discovery and Archive Retrieval

Retrieved on: 
Monday, November 28, 2022
Mathematics, BBC, Royal Academy of Engineering, Royal Academy of Arts, Chemistry, Cambridge Quantum Computing, Climate change, Artificial intelligence, University College London, UCL, Bob Coecke, Linguistics, Health, Science, Engineering, Microscope, Management

CAMBRIDGE, England, Nov. 28, 2022 /PRNewswire/ -- Quantinuum, the world's leading integrated quantum computing company, has joined a consortium with University College London (UCL) and the British Broadcasting Corporation (BBC) to explore the industrial relevance of quantum natural language processing (QNLP) and quantum-inspired natural language processing.

Key Points: 
  • CAMBRIDGE, England, Nov. 28, 2022 /PRNewswire/ -- Quantinuum, the world's leading integrated quantum computing company, has joined a consortium with University College London (UCL) and the British Broadcasting Corporation (BBC) to explore the industrial relevance of quantum natural language processing (QNLP) and quantum-inspired natural language processing.
  • TheBBC hopes to find new ways to represent content in forms readable bycomputers, to support tasks such as content discovery andarchivalretrieval.This builds on theCorporation's previous work with Sadrzadeh on Enhancing Personalised Recommendations with the use of Multi Modal Information .
  • Quantinuum is a leader in the fields in which it operates, and this leadership is built on deeply meaningful collaborations such as this."
  • Experimental evidence followed suite by Professor Sadrzadeh's work on Concrete Models and Experimental Evaluations for the Categorical Compositional Distributional Model of Meaning .

Strategic Partnership Agreement to Develop the Quantum Computing Market in Japan and Asia-Pacific

Retrieved on: 
Tuesday, October 18, 2022
Data lake, Health care, Achievement, Mitsui, Nutrition, Organization, Cambridge Quantum Computing, Power, Partnership, Software, Health, CEO, JP, Chemistry, Central, EnergySolutions, Climate change, Nippon Steel, Honeywell, Mitsui & Co., Mineral, Solution, Video game console, Management, Microscope

TOKYO, CAMBRIDGE, England and BROOMFIELD, Colo., Oct. 18, 2022 /PRNewswire/ -- Mitsui & Co., Ltd ("Mitsui") and Quantinuum have signed a strategic partnership agreement to collaborate in the delivery of quantum computing in Japan and the Asia-Pacific region.

Key Points: 
  • TOKYO, CAMBRIDGE, England and BROOMFIELD, Colo., Oct. 18, 2022 /PRNewswire/ -- Mitsui & Co., Ltd ("Mitsui") and Quantinuum have signed a strategic partnership agreement to collaborate in the delivery of quantum computing in Japan and the Asia-Pacific region.
  • Mitsui, which is committed to digital transformation, and Quantinuum, one of the world's leading quantum computing companies, integrated across hardware and software, have entered this strategic partnership to develop quantum computing use cases, which are expected to drive significant business transformation and innovation in the future.
  • Today's announcement reinforces our belief in the global quantum leadership shown by corporations and governments in Japan, pioneered by corporate leaders like Mitsui."
  • Joint development of business use cases and business models utilizing quantum computing (pharmaceutical, materials development, energy, mobility, logistics, etc.)

Strategic Partnership Agreement to Develop the Quantum Computing Market in Japan and Asia-Pacific

Retrieved on: 
Tuesday, October 18, 2022
Data lake, Health care, Achievement, Mitsui, Nutrition, Organization, Cambridge Quantum Computing, Power, Partnership, Software, Health, CEO, JP, Chemistry, Central, EnergySolutions, Climate change, Nippon Steel, Honeywell, Mitsui & Co., Mineral, Solution, Video game console, Management, Microscope

TOKYO, CAMBRIDGE, England and BROOMFIELD, Colo., Oct. 18, 2022 /PRNewswire/ -- Mitsui & Co., Ltd ("Mitsui") and Quantinuum have signed a strategic partnership agreement to collaborate in the delivery of quantum computing in Japan and the Asia-Pacific region.

Key Points: 
  • TOKYO, CAMBRIDGE, England and BROOMFIELD, Colo., Oct. 18, 2022 /PRNewswire/ -- Mitsui & Co., Ltd ("Mitsui") and Quantinuum have signed a strategic partnership agreement to collaborate in the delivery of quantum computing in Japan and the Asia-Pacific region.
  • Mitsui, which is committed to digital transformation, and Quantinuum, one of the world's leading quantum computing companies, integrated across hardware and software, have entered this strategic partnership to develop quantum computing use cases, which are expected to drive significant business transformation and innovation in the future.
  • Today's announcement reinforces our belief in the global quantum leadership shown by corporations and governments in Japan, pioneered by corporate leaders like Mitsui."
  • Joint development of business use cases and business models utilizing quantum computing (pharmaceutical, materials development, energy, mobility, logistics, etc.)

Quantinuum Expands Collaboration with JSR to Explore Quantum Computing for Semiconductor Research

Retrieved on: 
Wednesday, July 13, 2022
Method, Honeywell, DMFT, JSR, Solution, Science, Environment, Chemistry, CEO, Materials science, Algorithm, Computer, Computational chemistry, Research, Health, Climate change, Cambridge Quantum Computing, Software, Industry, Risk management, Microscope

TOKYO and CAMBRIDGE, England, July 13, 2022 /PRNewswire/ -- Quantinuum, the world's leading integrated quantum computing company, has announced a global collaboration with materials technology leader JSR Corporation of Japan to explore the application of quantum computing methods in semiconductor research.

Key Points: 
  • The collaboration will include the use of Quantinuum's Model H1 hardware, Powered by Honeywell, and InQuanto, its computational quantum chemistry software platform, to model complex organic and inorganic semiconductor materials
    TOKYO and CAMBRIDGE, England, July 13, 2022 /PRNewswire/ -- Quantinuum, the world's leading integrated quantum computing company, has announced a global collaboration with materials technology leader JSR Corporation of Japan to explore the application of quantum computing methods in semiconductor research.
  • The collaboration brings together JSR's world-leading materials scientists with quantum computing experts at Quantinuum in Japan, Europe, and the USA.
  • The Quantinuum team continues to lead the field in quantum computing hardware and software, complementing our scientists' deep expertise in materials innovation.
  • As a recognized leader in quantum computing, Quantinuum has active collaborations with industrial partners across automotive, chemicals, pharmaceutical and energy.

Quantinuum Expands Collaboration with JSR to Explore Quantum Computing for Semiconductor Research

Retrieved on: 
Wednesday, July 13, 2022
Method, Honeywell, DMFT, JSR, Solution, Science, Environment, Chemistry, CEO, Materials science, Algorithm, Computer, Computational chemistry, Research, Health, Climate change, Cambridge Quantum Computing, Software, Industry, Risk management, Microscope

TOKYO and CAMBRIDGE, England, July 13, 2022 /PRNewswire/ -- Quantinuum, the world's leading integrated quantum computing company, has announced a global collaboration with materials technology leader JSR Corporation of Japan to explore the application of quantum computing methods in semiconductor research.

Key Points: 
  • The collaboration will include the use of Quantinuum's Model H1 hardware, Powered by Honeywell, and InQuanto, its computational quantum chemistry software platform, to model complex organic and inorganic semiconductor materials
    TOKYO and CAMBRIDGE, England, July 13, 2022 /PRNewswire/ -- Quantinuum, the world's leading integrated quantum computing company, has announced a global collaboration with materials technology leader JSR Corporation of Japan to explore the application of quantum computing methods in semiconductor research.
  • The collaboration brings together JSR's world-leading materials scientists with quantum computing experts at Quantinuum in Japan, Europe, and the USA.
  • The Quantinuum team continues to lead the field in quantum computing hardware and software, complementing our scientists' deep expertise in materials innovation.
  • As a recognized leader in quantum computing, Quantinuum has active collaborations with industrial partners across automotive, chemicals, pharmaceutical and energy.

The Worldwide Enterprise Quantum Computing Industry is Projected to Reach $11.4 Billion by 2027

Retrieved on: 
Tuesday, July 5, 2022
QC Ware, IonQ, Ansoff Matrix, Porter's five forces analysis, USD, Honeywell, Impact, Silicon, Competitive analysis, Geography, COVID-19, Market development, Growth, D-Wave Systems, Industry, Deployment, Center for Sustainable Global Enterprise, Risk, Xanadu Quantum Technologies, Investment, CAGR, Information, Intel, Amazon Web Services, IBM, Component, Cambridge Quantum Computing, SWOT, Observation, Microsoft, Emotion, Retail, Risk management, Technology, Google, Nvidia

The Global Enterprise Quantum Computing Market is estimated to be USD 2.74 Bn in 2022 and is projected to reach USD 11.45 Bn by 2027, growing at a CAGR of 33.1%.

Key Points: 
  • The Global Enterprise Quantum Computing Market is estimated to be USD 2.74 Bn in 2022 and is projected to reach USD 11.45 Bn by 2027, growing at a CAGR of 33.1%.
  • Market dynamics are forces that impact the prices and behaviors of the Global Enterprise Quantum Computing Market stakeholders.
  • The report presents a detailed Ansoff matrix analysis for the Global Enterprise Quantum Computing Market.
  • The report offers a comprehensive evaluation of the Global Enterprise Quantum Computing Market.

Quantinuum Completes Hardware Upgrade; Achieves 20 Fully Connected Qubits

Retrieved on: 
Tuesday, June 14, 2022
Chemistry, Quantum computing, Power, Honeywell, Research, Cycling at the 2012 Summer Paralympics – Women's road time trial H1–2, ArXiv, Cambridge Quantum Computing, JPMorgan Chase, Communication studies, Access, Natural language, Technology, Industry, Microsoft, Communication, H1, Uttley, Microscope, Oil, Medical device, Video game console, Jet fuel

BROOMFIELD, Colo., June 14, 2022 /PRNewswire/ -- Quantinuum today announced a major upgrade to its System Model H1 technology that includes expanding to 20 fully connected qubits and increasing the number of quantum operations that can be completed in parallel. 

Key Points: 
  • "In our experiments, we used the 20 qubits of the H1-1 computer on a quantum Natural Language Processing algorithm for extractive text summarization.
  • Thanks to this, the Quantinuum computer continues to be an essential resource for our research in Quantum Computing."
  • Quantinuum is the world's largest integrated quantum computing company, formed by the combination of Honeywell Quantum Solutions' world-leading hardware and Cambridge Quantum's class-leading middleware and applications.
  • Powered by Honeywell, Quantinuum's System Model H1 hardware technology was the first to pass the industry standard quantum volume 4096 benchmark.