Quantinuum
Trapped-ion systems and quantum software; Honeywell-backed category leader.
Quant Score history
What they do
Quantinuum is the trapped-ion quantum computing company formed by the merger of Honeywell Quantum Solutions and Cambridge Quantum. Its H-series systems are known for record quantum-volume results, high fidelity and mid-circuit measurement, and it pairs hardware with software including the TKET compiler and cybersecurity and AI products.
Majority-owned by Honeywell, Quantinuum is widely viewed as one of the most likely near-term IPO candidates in the sector.
Strengths & weaknesses
- +Record quantum-volume and fidelity benchmarks in trapped-ion hardware
- +Full-stack: leading hardware plus TKET software and applications
- +Backing and majority ownership by Honeywell provides stability and capital
- –Trapped-ion gate speeds trail superconducting approaches
- –Still pre-profit and dependent on continued strategic funding
- !IPO timing and valuation subject to market conditions
- !Scaling ion-trap qubit counts remains a hard engineering challenge
Score breakdown
€280m Growth, Jan 2024.
95th percentile within Trapped Ion.
~550 employees.
94th percentile within Trapped Ion.
Funding history
€800m total raised · rounds below sum to €280m (includes undisclosed rounds)
Management
Major shareholders
Similar companies
Links & resources
Company website↗TKET documentation↗Sources: Dealroom · EPO · USPTO · arXiv · Company filings — Updated weekly · ▲ 0.9 (30d)