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UK-US quantum computing firm valued at $10bn in fundraising
The Guardian
|September 05, 2025
A British quantum computing entrepreneur has doubled the value of his stake in the business he founded to $2bn (£1.5bn), after the company achieved a $10bn valuation in its latest fundraising.
Ilyas Khan, 63, is the founder of Quantinuum, a UK-US firm that announced yesterday it had raised $600m as investor interest builds in the technology. He set up Quantinuum's predecessor company, Cambridge Quantum, in 2014 before it merged with the US-based Honeywell Quantum Solutions in 2021.
Khan, a former owner of his home town's football club, Accrington Stanley, is now chief product officer at the business and to date has not sold any shares since founding it more than a decade ago. He owns a stake of about 20%, with the US conglomerate Honeywell controlling 54%.
New investors in the funding round include the chip maker Nvidia and the US venture capital firm QED.
This story is from the September 05, 2025 edition of The Guardian.
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