Nvidia (NVDA) invests in quantum computing firm Quantinuum at $10 billion valuation

Nvidia Corp.’s venture capital arm is investing in quantum computing company Quantinuum for the first time, valuing the firm at $10 billion, according to a report from Bloomberg, citing people familiar with the matter.

Nvidia joins a $600 million funding round that could be announced as soon as Thursday, the people said, asking not to be identified because the matter is private.

Quantinuum is controlled by Honeywell International Inc., which owns about 54% of the company and is also participating in the financing. Other investors in the round include QED Investors, JPMorgan Chase & Co., Mitsui & Co. and Amgen Inc.