Horizon Quantum Computing and dMY Squared Technology Group have entered into subscription agreements for a $110 million PIPE financing.
Lead investors include IonQ and a Fortune 50 technology company.
The proposed business combination is expected to close in the first quarter of 2026, providing access to significant funds for Horizon Quantum's development.
PIPE Investment Details
$110 million PIPE financing comprised of common equity to support the proposed business combination.
Investors
Lead investors include IonQ and a Fortune 50 technology company, exceeding the original target raise by 120%.
Net Proceeds
Expected access to approximately $137 million for Horizon Quantum's investments in research, development, and technology roadmap.
Strategic Partnerships
Exciting endorsements from major strategic companies in enterprise computing and quantum industries.
Future Plans
Plans to accelerate research and development, strengthen hardware testbed, and advance Triple Alpha development environment.
- The significant PIPE financing reflects strong investor confidence in Horizon Quantum's quantum computing software infrastructure.
- The funds will fuel the company's innovation, enabling them to unlock quantum advantage and expand their industrywide software tools.
The $110 million PIPE investment marks a major milestone for Horizon Quantum, positioning the company to lead in quantum computing's next phase of development.