09:07 AM EDT, 09/04/2025 (MT Newswires) -- Honeywell International ( HON ) said Thursday it has secured about $600 million capital raise for Quantinuum, which was participated in by Nvidia's ( NVDA ) venture capital arm NVentures, Quanta Computer and QED Investors.

The capital raise will be used toward advancing Quantinuum's computing, including the company's next-generation quantum computing system Helios, which it expects to launch this year.

The new investors will join existing shareholders JPMorgan Chase, Mitsui and Amgen, among others.

Quantinuum was formed in 2021 after Honeywell's ( HON ) quantum computing division separated from the company and combined with Cambridge Quantum. At the time, Honeywell ( HON ) owned a 54% stake in Quantinuum and was still the majority owner as of January 2024, according to the company.