Honeywell Quantum Solutions merges with Cambridge Quantum
On November 30, Charlotte, NC-based Honeywell announced that Honeywell Quantum Solutions (HQS) and Cambridge Quantum (CQ), two global leaders in quantum computing and technology, received regulatory approval and completed the previously announced business combination.
The new company, named Quantinuum, is now the largest and most advanced full-stack quantum computing company. Through its impressive scale and proven technology leadership in quantum hardware, software and research and development, Quantinuum will shape the future of what is projected to become a $1 trillion industry over the coming decades.
“The formation of Quantinuum marks an important milestone for the quantum computing industry,” said Darius Adamczyk, chairman and chief executive officer of Honeywell, and chairman of Quantinuum. “Quantinuum customers will now have access to the world’s first quantum operating system, applications, and hardware-agnostic software, all of which will be used to address extremely challenging business needs with which conventional computing systems struggle. The combination of the quantum industry’s top talent, growing customer base, and most comprehensive technology will position Quantinuum extremely well for future growth.”
Quantinuum’s products and solutions support cyber security and encryption, drug discovery and delivery, material science, finance, natural language processing and optimization across major industrial markets. These products are delivered in an integrated manner and are compatible with a variety of quantum hardware processors, including the system Model H1, powered by Honeywell, and also IBM’s suite of quantum computers.
“The pace and scope of engineering advances, innovations in algorithm discovery, and the development of early-stage quantum software has picked up markedly in the past 12 months and is now ahead of most projections,” said Ilyas Khan, chief executive officer of Quantinuum. “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.”
Quantinuum has recently announced groundbreaking advances in the financial industry by enabling quantum Monte Carlo simulations; conducted the world’s largest experiment in quantum natural language processing, a key enabler of artificial intelligence; announced commercial projects in critical areas of drug discovery that will enhance humanity’s well-being; and provided all quantum software developers open access to “tket,” the world’s most popular independent quantum software development kit. Quantinuum’s System Model H1 quantum computer, powered by Honeywell, recently achieved a quantum volume of 1,024, the highest measured on a commercial quantum computer to date, with further advances to be announced in the near future.