Nichols Martin
Honeywell‘s quantum solutions business and Cambridge Quantum have merged into Quantinuum, after receiving regulatory approval to execute the business combination.
Quantinuum will offer quantum software, hardware and research and development as a full-stack quantum computing company, Honeywell said Tuesday.
The combined company will also provide customers with quantum-based applications for cybersecurity, encryption, material science, drug discovery, natural language processing and finance. Quantinuum-made products are designed to integrate with the Honeywell-powered System Model H1 and IBM-made quantum computers.
System Model H1 has achieved a quantum volume of 1,024, which so far is the highest measurement exhibited by a commercial quantum computer.
With offices in the U.S., the U.K., Germany and Japan, Quantinuum globally employs a workforce of almost 400 personnel, including more than 300 scientists and engineers. The company is also an IBM Quantum Hub.
“Quantinuum is an accelerator for the quantum computing ecosystem as a whole, and I am thrilled and honored to be able to lead the new company as we enter a critical phase in the birth of the quantum computing sector,” said Ilyas Khan, CEO at Quantinuum
Honeywell has been partnering with and investing in Cambridge Quantum since 2019.
