According to sources familiar with the matter, NVIDIA Corp.'s venture capital division has made its first investment in Quantinuum, valuing the quantum computing company controlled by Honeywell International Inc. at $10 billion.

The sources indicated that NVIDIA is the latest prominent institution to join Quantinuum's investor roster through a $600 million funding round that could be announced as early as Thursday. These individuals requested anonymity as the matter has not been made public.

NVIDIA CEO Jensen Huang adjusted his predictions for the quantum computing sector this year. He stated in June that quantum computing technology is reaching an inflection point and will become practical computing technology sooner than previously expected.

Currently, NVIDIA has launched related software to help its chips work in conjunction with quantum devices - a strategic move aimed at positioning the company to capitalize on technological breakthroughs while avoiding disruption to its dominance in computing and data center markets. Huang stated that within the next few years, quantum computing power will be sufficient to help solve "some globally significant problems," and noted that NVIDIA's complete quantum algorithm stack will run on its Grace Blackwell 200 chips with performance acceleration capabilities.

Quantinuum is already a partner in NVIDIA's "Accelerated Quantum Research Center" located in Boston, which aims to advance quantum computing technology development.

Sources pointed out that Honeywell, which holds approximately 54% of Quantinuum's equity, will also participate in this funding round. Other participants include QED Investors, JPMorgan Chase & Co., Mitsui & Co., and Amgen Inc. The specific proportion of NVIDIA's venture capital division in this $600 million funding round remains unclear - this venture capital arm is part of NVIDIA's broad investment strategy in the artificial intelligence sector.

They added that new institutions joining Quantinuum's investor group also include venture capital firm Mesh and Korea Investment Partners (Quantinuum is headquartered in Broomfield, Colorado).

Quantinuum is developing quantum computing platforms applicable to multiple fields, including chemistry, machine learning, cybersecurity, finance, and drug development.

A JPMorgan spokesperson declined to comment; representatives from NVIDIA, Honeywell, Quantinuum, and other investors either did not respond to requests for comment or declined to comment.

Last week, Quantinuum disclosed in a filing that 35 unnamed investors had participated in a funding round, confirming previous Bloomberg reports.

Led by CEO Rajeeb Hazra, Quantinuum develops high-performance quantum computers capable of solving complex tasks that traditional computers struggle to handle. Quantum computers process information faster than traditional computers primarily because they can achieve "parallel computing" rather than the "serial computing" of conventional computers.

Quantinuum was established in 2021 through the merger of Cambridge Quantum and Honeywell Quantum Solutions. According to statements at the time, in January 2024, Quantinuum completed a $300 million funding round led by JPMorgan with a pre-money valuation of $5 billion. The company currently employs over 500 people with operations across the United States, United Kingdom, Germany, and Japan.

In February 2025, Honeywell announced plans to split into three independent public companies focusing on aerospace, automation, and advanced materials respectively. Honeywell Chairman and CEO Vimal Kapur stated during a July earnings call that Quantinuum's planned funding round will inject capital into the company in preparation for its subsequent IPO, potentially in 2027.