Joe Lewis' $8 Billion Empire Loses Top Executive in Power Shift
Shehan Dissanayake departed Tavistock Group for personal reasons after most recently serving as the firm's chairman, according to a person with knowledge of the matter. The 58-year-old Sri Lankan native, who still appeared on Tavistock's website in late 2024, is also no longer based in the US, said the person, who asked not to be identified as the details are private.
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This article first appeared on GuruFocus. Honeywell's (NASDAQ:HON) moonshot quantum bet might soon hit escape velocity. The industrial giant and other backers of Quantinuum are weighing a fresh capital raise that could value the company at around $10 billion, according to people familiar with the matter. Several existing investors have been approached, along with potential new namesmost notably Nvidia (NASDAQ:NVDA), which was contacted about possibly joining the round. No terms are locked in, and talks are still fluid, but the size of the raise could stretch into the hundreds of millions. Warning! GuruFocus has detected 5 Warning Sign with HON. Quantinuum, led by CEO Rajeeb Hazra, was born in 2021 through the merger of Cambridge Quantum and Honeywell Quantum Solutions. Today, it operates across four countries with more than 500 employees and is pushing hard into areas where classical computing hits a wallthink cybersecurity, machine learning, and advanced chemistry. In January, the company raised $300 million from a group led by JPMorgan (NYSE:JPM) at a $5 billion pre-money valuation. If this next round lands, it would double that mark in less than a year. This funding push comes as Honeywell prepares to split into three standalone public companies, sharpening its focus across aerospace, automation, and advanced materials. A successful raise for Quantinuum could signal that Honeywell's long game in deep tech is starting to resonate with investors. While no formal announcement has been made, any move to bring in Nvidia could strengthen Quantinuum's technical alliancesand put more investor spotlight on a niche that's edging ever closer to commercial breakout. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
