Ilyas Khan, CEO of Cambridge Quantum said, “We are excited to welcome Honeywell Ventures as a significant investor in Cambridge Quantum. The investment comes after a period of very close working cooperation, during which we have come to recognise the world-class, leading quantum computer that Honeywell has developed. It may well be one of the technology world’s best kept secrets for over a generation.”
He added: “At Cambridge Quantum, we are committed to using the most advanced tools and devices to develop the world’s leading quantum applications and products. Our cutting-edge software complements Honeywell’s innovative quantum technology and this investment and partnership is of real significance in the overall development of quantum computers and their real-world impact on corporations and governments globally.”
Murray Grainger, Managing Director and Head of Honeywell Ventures, said: “Honeywell Ventures is committed to investing in the development of a quantum ecosystem and Cambridge Quantum is a world-leading player in the early evolution of what we believe will be a valuable and important sector that is strategic to many organisations across a variety of verticals.”
In addition to announcing Honeywell Ventures’ investment in Cambridge Quantum, Honeywell Quantum Systems (HQS) has published a scientific paper that provides details about the architecture of their QCCD (quantum charge-coupled device) trapped ion quantum processor that will be the world’s most powerful quantum computer when it is released. Cambridge Quantum are proud and honoured to have been beta users of the HQS device that has led to this important scientific and technical achievement.
ABOUT HONEYWELL VENTURES
Honeywell Ventures is the strategic venture capital arm of Honeywell, based in Menlo Park, CA. The firm seeks to invest in early-stage high-growth companies from around the world that have emerging and disruptive technologies. It concentrates on companies that could scale faster with access to Honeywell customers, channels, intellectual property, advanced manufacturing capabilities and global presence.