Quantum computing firm reaches $10bn valuation as investor interest builds | Computing

An British Quantum Information Processing Entrepreneur doubled the value of his shares in his business, which he founded for $ 2 billion (£ 1.5 billion) after obtaining a 10 billion dollar valuation in the last donation collection process.

63-year-old Ilyas Khan is the founding general manager of Quantinuum, a UK-US company, which explains that the investor interest rate has collected $ 600 million as the investor interest was built in the latest technology.

In 2021, Khan founded Cambridge Quantum, the predecessor of Quantinuum in 2014 before merging with the US -based Honeywell Quantum Solutions.

Khan, a former owner of his hometown of Football Club Accrington Stanley, is currently the chief product manager in the enterprise and has not sold any shares since it was founded more than ten years ago. The US conglomerate Honeywell has a share of approximately 20%in which 54%controls. Among the new investors in the financing tour are chip manufacturer Nvidia and the US venture capital company QED.

Companies, which are at the forefront of quantum information processing potential and development, are being built in the midst of a number of technological breakthroughs, and the UK government sets the 2035 target to develop quantum systems that can perform better than traditional super computers.

Quantum Information Processing has the potential to strengthen the breakthroughs in a wide range of fields, from drug discovery to artificial intelligence, because of its ability to perform much larger calculations than traditional computer systems. However, experts said that governments and companies were capable of breaking the high -level encryption that enables them to adopt quantum -proof encryption.

However, technology needs to develop and become more stable before making transformative breakthroughs.

Classic computers encodes their information in lice represented as 0 or 1 transmitted as an electrical pulse. A text message is a string of Netflix film, which is published on E -Post or even on a smartphone.

However, on quantum computers, information is found in a quantum lice or quit. These dome, which is covered with a modest chip, is the feature of quantum physics known as superposition, such as electrons or photons that can be in several states at the same time.

This means that Kubits can encode various combination 1 and 0 at the same time and calculate due to a large number of different results. However, they should be kept in a high -controlled environment, such as being kept away from electromagnetic parasites, otherwise they may easily deteriorate.

Rajeeb Hazra, General Manager of Quantinuum, said that his new fund will “strengthen the entire quantum ecosystem”.

Quantinuum produces a wide range of quantum technologies from hardware to algorithms and software that strengthens its systems. Customers include companies such as government institutions and private sectors such as JP Morgan and HSBC banking groups.

With HSBC, banks help to solve difficult problems in areas such as fraud detection and cyber security. It also helps to simulate new materials and molecular structures for pharmaceutical companies.

British Science Minister Lord Vallance said that the valuation of 10 billion dollars was “confidence in the transformative potential of Quantum and the rate of progress in the establishment of quantum in England”.