Nvidia Corp.’s venture capital arm is investing in Quantinuum for the first time, valuing the quantum computing company controlled by Honeywell International Inc. at $10 billion, according to people familiar with the matter. Nvidia is the latest big-name backer to join the ranks of Quantinuum’s investor roster through a $600 million funding round that could be announced as soon as Thursday, the people said, asking not to be identified because the matter is private. Jensen Huang, Nvidia’s chief executive officer, this year reset his forecast for quantum computing, saying in June that the technology is reaching an inflection point and is becoming a practical computing technique sooner than previously expected. Nvidia now provides software that will help its chips work with quantum devices, positioning the company to take advantage of advances that could disrupt its dominance of computing and data centers. Quantum computing will be powerful enough in the coming years to help “solve some interesting problems” globally, Huang said. He said Nvidia’s entire quantum algorithm stack will be available and accelerated on its Grace Blackwell 200 chip.

Full report : Honeywell’s Quantinuum raised $600 milion from Quanta, Nvidia’s NVentures, and others at a $10 billion pre-money valuation, up from $5 billion after raising $300 million in January 2024.

For more see the OODA Company Profile on Quantinuum.