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Main Contents
Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) made a US$50M investment in Quantinuum ("Quantinuum", Head Office: Broomfield, Colorado, U.S.A., CEO: Rajeeb Hazra), a leading global quantum computing company. This investment is part of Quantinuum's US$300M equity fundraise, and was completed alongside JPMorgan Chase, Honeywell and Amgen. The investment will accelerate Quantinuum's path toward developing the world's first universal fault-tolerant quantum computers*1, while also extending the company's leading quantum software offerings.
Mitsui and Quantinuum have also entered into a distributorship agreement to introduce Quantinuum's solutions to the Japanese and Asia-Pacific markets. Mitsui will jointly propose and provide Quantinuum's knowledge, know-how and solutions, starting with the quantum cybersecurity field, to advanced users in the region that are leveraging the power of quantum computing.
By 2035, it is forecasted that quantum computing will grow to become a US$450B - $850B*2 market worldwide, in fields such as new material development, healthcare, financial services, cybersecurity, and logistics optimization. Development and utilization of the technology is accelerating worldwide.
Mitsui and Quantinuum will further deepen their strategic partnership through investment and business collaboration to accelerate the development of use cases, create new business models, and enhance customer offerings by integrating Mitsui's business knowhow in a wide range of global industrial sectors with Quantinuum's advanced quantum technology.
Recent Achievements by Quantinuum
- In December 2021, Quantinuum launched Quantum Origin, the world's first quantum-computing application in cryptography, that does something a classical computer cannot.
- In August 2022, Quantinuum succeeded in entangling two logical qubits in a fault-tolerant quantum circuit for the first time using real-time quantum error correction, an important step toward realizing a fully fault-tolerant quantum computer.
- In May 2023, Quantinuum announced the next-generation gate-type ion trap quantum computer System Model H2 powered by Honeywell, achieving QV65,536 with 32 qubits.
- In June 2023, Quantinuum announced that it has achieved the world's highest quantum volume of QV 524,288 with the System Model H1 powered by Honeywell.
- In January 2024, Quantinuum announced that its System Model H1 quantum computer has been adopted for RIKEN's project for integrated use of quantum computers and supercomputers.
Notes
*1 A quantum computer that can automatically correct errors that occur even with a sufficient number of qubits and accurately calculate while correcting them. (FTQC: Fault-Tolerant Quantum Computer)
*2 Source: Boston Consulting Group "Quantum Computing Is Becoming Business Ready" (May 2023)
Company Profile
| Official name | Quantinuum |
|---|---|
| Head Office Location | Broomfield, Colorado, U.S.A. |
| Established | December 2021 (through the merger of Honeywell Quantum Solutions (U.S.) and Cambridge Quantum Computing (U.K.)) |
| Representative | Rajeeb Hazra, CEO; Shuya Kekke, CEO & Representative Director, Japan |
| Business Activities | Quantinuum, the world's largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum's technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With almost 500 employees, including 370+ scientists and engineers, Quantinuum leads the global quantum revolution across continents. |
| Selected customers | Airbus, BMW, Honeywell, HSBC, JPMorgan Chase, Thales and Mitsui |
| Website |
Quantinuum company logo
Quantinuum's Quantum Computer System Model H2 powered by Honeywell
Mitsui’s Materiality
“Build brighter futures, everywhere” as our corporate mission, and to gain the trust and expectations of our stakeholders to realize a better tomorrow for earth and for people around the world, we have identified five material issues (“Materiality”) for Mitsui’s sustainable growth. We anticipate this particular project/ business to contribute especially to the realization of “Enhance quality of life” and “Create an eco-friendly society” and “Develop talent leading to value creation”
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Secure sustainable supply of essential products
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Enhance quality of life
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Create an eco-friendly society
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Develop talent leading to value creation
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Build an organization with integrity