JPMorgan Chase heads $500 million funding round

Quantinuum, a Quantum computing company, closed a $500-million funding round at a valuation of approximately $5 billion, stated Cointelegraph. The round is expected to be led by JPMorgan Chase and joined by Mitsui & Co and Amgen. It is believed Honeywell also came up with a follow-on investment.

“Quantinuum is pleased to announce the closing of a $300 million equity fundraising at a $5 billion pre-money valuation. Our investors in the funding round were JP Morgan Chase & Co, @MitsuiandCo, and @Amgen, and a follow-on investment by @Honeywell,” Quantinuum tweeted on January 16, 2024.