Quantinuum and IBM Announce an Expansion of the IBM Quantum Hub at Cambridge Quantum and an Addit...

In July of 2020, Cambridge Quantum Computing, now a part of Quantinuum, announced that they were the first startup company selected to be a hub in the IBM Q Network. The companies have now agreed to expand the IBM Quantum Hub capability at Cambridge Quantum to allow their clients greater access to IBM's quantum computing systems including IBM's recently announced 127 qubit processor. Even though the other part of Quantinuum, formerly Honeywell Quantum Solutions, has its own ion trap based quantum processor, this continues Cambridge Quantum's strategy of offering support for a broad range of quantum processors including the superconducting based processors provided by IBM in order to support a variety of client needs. Similarly, IBM had announced in February 2020 that they would be making an equity investment in Cambridge Quantum. Now that Cambridge Quantum has been merged into Quantinuum, IBM's stake has been transferred to the new company and the companies have now announced that IBM Ventures is adding to this previous investment. At this point, Quantinuum has three significant strategic shareholders in Honeywell, IBM and JSR Corp. You can view Quantinuum's announcement of these two events in a press release available on their website here.

February 22, 2022