Honeywell‘s quantum solutions business and Cambridge Quantum have merged into Quantinuum, after receiving regulatory approval to execute the business combination.
Quantinuum will offer quantum software, hardware and research and development as a full-stack quantum computing company, Honeywell said Tuesday.
The combined company will also provide customers with quantum-based applications for cybersecurity, encryption, material science, drug discovery, natural language processing and finance. Quantinuum-made products are designed to integrate with the Honeywell-powered System Model H1 and IBM-made quantum computers.
System Model H1 has achieved a quantum volume of 1,024, which so far is the highest measurement exhibited by a commercial quantum computer.
With offices in the U.S., the U.K., Germany and Japan, Quantinuum globally employs a workforce of almost 400 personnel, including more than 300 scientists and engineers. The company is also an IBM Quantum Hub.
“Quantinuum is an accelerator for the quantum computing ecosystem as a whole, and I am thrilled and honored to be able to lead the new company as we enter a critical phase in the birth of the quantum computing sector,” said Ilyas Khan, CEO at Quantinuum
Honeywell has been partnering with and investing in Cambridge Quantum since 2019.