Private Company (Honeywell majority-owned)
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Filed confidential IPO registration targeting $20B+ valuation
D-Wave Quantum closed its $550 million acquisition of Quantum Circuits in January 2026, bringing Yale's breakthrough dual-rail qubit technology under one roof with the world's leading quantum annealing platform. It's the latest move in a nine-month consolidation spree that saw IonQ spend $1.08 billion on Oxford Ionics in June 2025, announce a landmark $1.8 billion SkyWater Technology acquisition in January 2026, and complete multiple strategic purchases to build a vertically integrated quantum platform. Quantinuum filed for a $20 billion IPO, and at least four quantum startups announced SPAC mergers worth over $3 billion combined.
Updated Feb 17
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