Sept 4 (Reuters) - Honeywell ( HON ) said on Thursday its

quantum computing company, Quantinuum, had raised about $600

million from investors including Nvidia's ( NVDA ) venture capital arm at

a valuation of $10 billion.

The latest round, which doubles Quantinuum's valuation from

$5 billion in January 2024, saw new investments from Quanta

Computer, QED Investors and NVentures - Nvidia's ( NVDA ) venture capital

arm.

The funding also saw participation from existing

shareholders JPMorgan Chase, Mitsui and Quantinuum's majority

owner, Honeywell ( HON ), among others.

Tech giants such as Nvidia ( NVDA ) are rushing to adopt quantum

computing, which can solve complex problems that would take

conventional computers thousands or millions of years.

Nvidia ( NVDA ) opened a quantum computing research lab in Boston

earlier this year, which works with quantum firms including

Quantinuum.

Quantinuum has been in the process of raising funds in

preparation for a spinoff in an initial public offering,

estimated to take place by the end of 2027, Honeywell ( HON ) CEO Vimal

Kapur said in an earnings call in July.