NVIDIA Corporation (NVDA.US) investment department has invested in Quantum Computing company Quantinuum, a subsidiary of Honeywell International Inc. (HON.US), with a valuation of $10 billion.

According to informed sources, NVIDIA Corporation (NVDA.US) venture capital department made its first investment in Quantinuum, valuing the quantum computing company controlled by Honeywell International Inc. (HON.US) at $10 billion in this funding round. The anonymous source mentioned above stated that NVIDIA Corporation is a new prominent investor in Quantinuum's latest $600 million financing round, and the funding news may be announced as early as Thursday. NVIDIA Corporation CEO Jensen Huang adjusted his outlook on the field of quantum computing this year. In June, he pointed out that quantum computing technology is reaching a turning point, with its practical application as a computing technology expected sooner than previously anticipated. Currently, NVIDIA Corporation has launched complementary software to facilitate the collaboration between its chips and quantum devices this move aims to enable the company to seize opportunities for technological breakthroughs and address potential challenges to its dominance in the computing and data center sectors in the future. Huang stated that in the coming years, the computing power of quantum computing will be sufficient to help solve "some important global problems," and he mentioned that NVIDIA Corporation's full suite of quantum algorithms can run on its Grace Blackwell 200 chip, achieving performance acceleration. In fact, Quantinuum has already collaborated with NVIDIA Corporation and participated in the establishment of the "Accelerated Quantum Research Center" in Boston, with the core goal of advancing quantum computing technology. The source added that Honeywell International Inc., which owns about 54% of Quantinuum, will also participate in this funding round, along with other investors such as QED Investors, JPMorgan Chase & Co., Mitsui & Co., and Amgen Inc. It is not yet clear what percentage of the $600 million funding round will be contributed by NVIDIA Corporation's venture capital department (an important part of NVIDIA Corporation's extensive investments in the field of artificial intelligence). Furthermore, based in Broomfield, Colorado, Quantinuum, in addition to the venture capital firm Mesh and Korean Investment Partners, has also attracted new investment partners in this round. A spokesperson for JPMorgan Chase declined to comment on the matter; representatives from NVIDIA Corporation, Honeywell International Inc., Quantinuum, and other investors either did not respond to comment requests or similarly declined to make statements. Last week, in a filing, Quantinuum disclosed that 35 unnamed investors participated in its new funding round, confirming previous reports. Under the leadership of CEO Rajeeb Hazra, Quantinuum focuses on developing high-performance quantum computers - devices capable of handling complex tasks that traditional computers struggle with. Unlike traditional computers, which process information sequentially, quantum computers can achieve parallel processing, resulting in much faster information processing speeds. At present, Quantinuum is developing a quantum computing platform suitable for various fields, including chemistry, machine learning, cybersecurity, finance, and drug development. Founded in 2021, Quantinuum was formed through the merger of Cambridge Quantum and Honeywell International Inc.'s quantum solutions division. According to a public statement in January 2024, Quantinuum completed a $3 billion funding round, led by JPMorgan Chase, with a pre-funding valuation of $50 billion. The company currently has over 500 employees and operates in countries such as the United States, the United Kingdom, Germany, and Japan. In February 2024, Honeywell International Inc. announced plans to spin off into three independent publicly traded companies, focusing on aerospace, automation, and advanced materials. Honeywell International Inc. Chairman and CEO Vimal Kapur announced in a July earnings call that the funding planned by Quantinuum will provide the company with capital to prepare for a potential initial public offering (IPO) to facilitate the spinoff, which may occur in 2027.