An under-the-radar part of Honeywell's sprawling portfolio is inching closer to getting its day in the sun. Honeywell announced Thursday that its quantum computing company, Quantinuum, has raised another $600 million in funding at an approximately $10 billion valuation. The latest round, which doubles Quantinuum's valuation of $ 5 billion last seen in January 2024 , sets the privately held firm up for a highly anticipated initial public offering — a key step in unlocking value for Club holding Honeywell as its majority shareholder. Honeywell CFO Mike Stepniak said so himself in reaction to the fresh capital raise during an industry event on Thursday morning. "I'm excited about commercializing this business and ultimately I think this really [gets us to an] IPO," Stepniak said at an industr

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