Honeywell Quantum Solutions and Cambridge Quantum combine to form Quantinuum

Quantinuum

Honeywell Quantum Solutions, which built trapped-ion hardware, and Cambridge Quantum, a quantum software company, completed their combination as Quantinuum on November 30, 2021. Honeywell invested nearly $300 million and became the largest shareholder at ~54%. The merger created a full-stack quantum company with ~400 employees, 300 of them scientists.

• Honeywell (hardware, ~54% shareholder) + Cambridge Quantum (software, founder Ilyas Khan as CEO).
• Nearly $300M Honeywell investment at formation; other shareholders include IBM and JSR Corp (Japan).
• ~400 employees at launch, ~300 scientists; European HQ Cambridge, North American HQ Colorado, offices in Japan, Germany.
• Full-stack quantum company: ion-trap hardware + software stack for markets spanning chemistry, materials science, optimization.