Groups Similar Look up By Text Browse About



Similar articles
Article Id Title Prob Score Similar Compare
209669 ZDNET 2021-6-8:
Honeywell's quantum computing business to merge with Cambridge Quantum Computing
1.000 Find similar Compare side-by-side
209418 TECHREPUBLIC 2021-6-8:
Honeywell Quantum Solutions, Cambridge Quantum creating integrated company
0.979 0.786 Find similar Compare side-by-side
209715 ZDNET 2021-6-11:
The Honeywell Quantum, Cambridge Quantum deal: A look at the big picture
0.696 Find similar Compare side-by-side
209373 VENTUREBEAT 2021-6-9:
Pasqal’s ‘neutral atom’ tech promises 200 qubits of quantum processing power
0.315 0.565 Find similar Compare side-by-side
209681 ZDNET 2021-6-10:
Researchers create an 'un-hackable' quantum network over hundreds of kilometers using optical fiber
0.010 0.508 Find similar Compare side-by-side
209450 VENTUREBEAT 2021-6-8:
Kets Quantum Security rolls out quantum-safe chip-based encryption development kits
0.151 0.464 Find similar Compare side-by-side
209820 TECHREPUBLIC 2021-6-10:
Security company makes "unbreakable encryption" available via the cloud and APIs
0.002 0.464 Find similar Compare side-by-side
209535 VENTUREBEAT 2021-6-4:
IBM partners with U.K. on $300M quantum computing research initiative
0.427 Find similar Compare side-by-side
209443 ZDNET 2021-6-9:
Qrypt’s cloud service will distribute entropy for better cryptography
0.361 Find similar Compare side-by-side
209633 ZDNET 2021-6-7:
Lightspeed buys digital commerce tech providers Ecwid and NuOrder for combined $925M
0.307 Find similar Compare side-by-side
210121 ZDNET 2021-6-10:
Programmable chip maker Xilinx acquires C/C++ programming tool provider Silexica
0.298 Find similar Compare side-by-side
209415 VENTUREBEAT 2021-6-8:
Bain and Crosspoint Capital acquire ExtraHop in $900M deal
0.296 Find similar Compare side-by-side
209599 ZDNET 2021-6-7:
Coupa shares fall despite fiscal Q1 results, outlook above expectations
0.282 Find similar Compare side-by-side
209660 ZDNET 2021-6-9:
SurveyMonkey rebrands as Momentive, aims to take on Qualtrics in experience management software
0.281 Find similar Compare side-by-side
209399 VENTUREBEAT 2021-6-7:
Lightspeed buys Ecwid and NuOrder for $925M to ‘unify commerce ecosystem’
0.279 Find similar Compare side-by-side
209445 VENTUREBEAT 2021-6-8:
Angeles Equity Partners Acquires Primus Aerospace
0.278 Find similar Compare side-by-side
209838 ZDNET 2021-6-8:
UiPath, robotic process automation startup, tops expectations in first quarterly report
0.266 Find similar Compare side-by-side
209437 VENTUREBEAT 2021-6-8:
Cyber risk platform Brinqa nabs $110M amid surge in breaches
0.250 Find similar Compare side-by-side
209514 VENTUREBEAT 2021-6-9:
Enterprise CMS Contentstack raises $57.5M
0.247 Find similar Compare side-by-side
209572 VENTUREBEAT 2021-6-7:
Identity verification company Trulioo lands $394M
0.244 Find similar Compare side-by-side
209506 ZDNET 2021-6-8:
AI transcription company becomes unicorn
0.242 Find similar Compare side-by-side
209549 ARSTECHNICA 2021-6-9:
Lordstown Motors warns its electric vehicle business may fail
0.241 Find similar Compare side-by-side
209733 ZDNET 2021-6-11:
Nvidia acquires AV mapping company DeepMap to bolster its DRIVE platform
0.239 Find similar Compare side-by-side
209754 VENTUREBEAT 2021-6-10:
RudderStack targets developers with open source customer data platform
0.235 Find similar Compare side-by-side
209473 VENTUREBEAT 2021-6-8:
AI-powered transcription startup Verbit raises $157M
0.232 Find similar Compare side-by-side

1

ID: 209669

URL: https://www.zdnet.com/article/honeywells-quantum-computing-business-to-merge-with-cambridge-quantum-computing/

Date: 2021-06-08

Honeywell's quantum computing business to merge with Cambridge Quantum Computing

The combination will create a standalone quantum computing company majority owned by Honeywell, the companies announced Tuesday. Honeywell Quantum Solutions and Cambridge Quantum Computing are merging into a standalone quantum computing company majority-owned by Honeywell, the companies announced Tuesday. Honeywell has made a big push into quantum computing over the last few years as it looks to expand industrial usage of the technology. Last year, the company launched its System Model H1, a quantum computer with a quantum volume of 128, as well as a cloud API that makes it available to enterprises. In March, Honeywell announced that the System Model H1 effectively reached a quantum volume of 512, prompting Honeywell's president of quantum solutions Tony Uttley to describe the system as "the highest performing quantum computing system in the world."  In spinning out its quantum computing business, Honeywell said the new company will have more access to outside capital to advance its quantum technology, with Honeywell continuing to serve as a proving ground for the new company's quantum offerings.  "Since we first announced Honeywell's quantum business in 2018, we have heard from many investors who have been eager to invest directly in our leading technologies at the forefront of this exciting and dynamic industry – now, they will be able to do so," said Honeywell CEO Darius Adamczyk. "The new company will provide the best avenue for us to onboard new, diverse sources of capital at scale that will help drive rapid growth." Honeywell is investing between $270 million and $300 million in the new company and the two organizations will have a long-term manufacturing agreement for producing the ion traps needed to power the quantum hardware. Honeywell said the software business will remain hardware-agnostic and fully compatible with global quantum hardware providers. The combination is expected to be complete in the third quarter of 2021, subject to regulatory approvals and customary closing conditions. Adamczyk will serve as chairman of the new company, while Ilyas Khan, the CEO and founder of CQC, will serve as chief executive. Uttley will serve as the new company's president. Honeywell's team of more than 160 scientists, engineers, and software developers will also join the new company, which is expected to have a combined staff of over 300.