Quantinuum is a quantum computing company formed by the merger of Cambridge Quantum and Honeywell Quantum Solutions. The company's H-Series trapped-ion quantum computers set the highest quantum volume to date of 33,554,432 in September 2025. This architecture supports all-to-all qubit connectivity, allowing entangled states to be created between all qubits, and enables a high fidelity of quantum states. Quantinuum has developed middleware and software products that run on trapped-ion and other quantum computing platforms for cybersecurity, quantum chemistry, quantum machine learning, quantum Monte Carlo integration, and quantum artificial intelligence. The company also offers quantum-computing-hardened encryption keys designed to protect data assets and enhance cryptographic defenses.
History Formed in 2021, Quantinuum is the combination of the quantum hardware team from Honeywell Quantum Solutions (HQS) and the quantum software team at Cambridge Quantum Computing (CQC). HQS was founded in 2014. The company used a trapped-ion architecture for its quantum computing hardware, which Honeywell believed could be used to fulfill the needs of its various business units in aerospace, building technology, performance materials, safety and productivity solutions. CQC was founded in 2014 as an independent quantum computing company through the University of Cambridge’s “Accelerate Cambridge” program. CQC focused on building tools for the commercialization of quantum technologies with a focus on quantum software and quantum cybersecurity. By coming together as Quantinuum, the company offers an integrated, end-to-end quantum platform. Ilyas Khan, the founder of Cambridge Quantum, the founding chairman of the Stephen Hawking Foundation, and fellow at Cambridge Judge Business School, was named the CEO of Quantinuum. Tony Uttley, formerly an operations manager at NASA and president of Honeywell Quantum Solutions, served as the president and chief operating officer through 2023. In 2023, Quantinuum named Rajeeb “Raj” Hazra, formerly a corporate vice president and general manager at Intel, as the new CEO of Quantinuum. Hazra has over 30 years of experience working in supercomputing, quantum and other technical roles. Khan was named chief product officer and vice chair of the board of directors. In January 2024, Quantinuum announced an equity funding round of $300 million led by JPMorgan Chase. The company has raised $625 million in total and is valued at $5 billion. Honeywell was in an early phase of exploring an initial public offering of the company in July 2024. In May 2026, Quantinuum received $100 million in federal incentives under the CHIPS and Science Act. This is planned funding to address critical technology and manufacturing bottlenecks for scaling of fault-tolerant trapped-ion-based quantum computers, such as low-loss integrated photonics, and reliable optical components at trapped-ion critical wavelengths.
Public listing On 4 June 2026, Quantinuum had its initial public offering when it was listed on the Nasdaq, with stocks opening at $68 per share and a total valuation of $17.6 billion. Honeywell has retained 48.1% voting power over the company.
Technology and products
H-Series When developing its H-Series quantum computers, Powered by Honeywell, Quantinuum chose a quantum charge-coupled device (QCCD) architecture as its path to scalable universal quantum computing because it allows full connectivity between identical high-fidelity qubits (atomic ions). Quantinuum launched its first generation of quantum computers with the System Model H1-1, a trapped-ion computer running on 12 qubits, in 2020. In May 2023, Quantinuum launched the System Model H2, with a quantum volume of 65,536 (216), the largest on record at that time. The H2 achieved the largest GHZ state on record, the first demonstration of magic state distillation, and the first demonstration of the creation and control of topological qubits whose linking properties can help make quantum computing fault-tolerant. Braiding quasiparticles called non-Abelian anyons creates a historical record of the event, and the paths they trace are more robust to errors, which could eventually lead to the development of a topological quantum computer. The H-Series systems have consistently broken records for quantum volume, recently reaching a quantum volume of 33,554,432 (225) in September 2025. Quantum volume is one of 15 performance benchmarks that Quantinuum scientists measured on the latest generation of its trapped-ion quantum computer, System Model H2. The company also holds the record for two-qubit gate fidelity, becoming the first to reach 99.9%. Microsoft and Quantinuum created four logical qubits on the H2 quantum computer, running 14,000 experiments without a single error. Demonstrating the ability to scale the H-Series, the company solved the qubit “wiring problem,” using a new chip arranged in a 2D grid to efficiently sort qubits and minimize the number of signals required for qubit control. The work reduces the ratio from as many as 20 analog wires per qubit to 1 digital wire per qubit with a fixed number of analog lines. Quantinuum also offers an H-Series Emulator, which allows researchers to compare data in quantum hardware experiments and approximate noise, accelerating simulation workflows.
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