Nvidia's venture capital arm investing in Honeywell's Quantinuum, Bloomberg News reports
A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/ File Photo
Nvidia's venture capital arm is investing in Honeywell's quantum computing company, Quantinuum, at a valuation of $10 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.
The deal will see Nvidia investing in Quantinuum through a $600 million funding round, which could be announced as early as Thursday, the report said.
Nvidia, its venture capital arm and Honeywell did not immediately respond to Reuters' requests for comment.
Source: Reuters
