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The Guardian - UK

Technology

Dan Milmo Global technology editor

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

Quantinuum United Kingdom HSBC

Ilyas Khan — Ilyas Khan, 63, is the founder of Quantinuum, the UK-US firm that announced on Thursday it had raised $600m. Photograph: Handout

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 on Thursday it had raised $600m as investor interest builds in the cutting-edge technology.

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