On July 22, 2022, Finland — The world leader in developing superconducting quantum computers, IQM Quantum Computers (IQM), has announced today that it has raised €128 million (USD 130 million) in Series A2 funding, led by World Fund, to grow its global clientele and quicken product development to address the most pressing global issues.
Participating in the round were new investors Maki.vc, Matadero QED, MIG Fonds, OpenOcean, Salvia GmbH, Santo Venture Capital GmbH, Tencent, Tesi, and Vsquared, as well as Bayern Kapital, EIC Fund, OurCrowd, QCI SPV, Tofino, and Varma.
Governments and corporations are investing in preparing for the quantum future today, as the following decade is expected to be the decade of quantum technology. IQM has already formed partnerships with companies like Atos, VTT, and Infineon to create solutions that use this game-changing technology. This additional capital will be used to advance new product development, speed up research, and broaden the company’s international business operations.
Dr. Jan Goetz, CEO, and Co-founder of IQM Quantum Computers:
“This financing highlights the significance of our aim, which is to develop quantum computers for the sake of humanity. It also shows our team’s continuous faith in our business plan and their capacity to develop future quantum technologies. I believe we will continue to meet our commercial and product milestones and provide our clients with top-notch quantum computers.”
Dr. Sierk Poetting, Chairman of IQM Quantum Computers, stated:
“This investment round is an important step that acknowledges our recent technology achievements and helps IQM’s development ambitions to move forward more quickly. We appreciate that our current investors will continue participating, and we welcome new investors to this powerful syndicate.”
Daria Saharova, Founding Partner at World Fund:
“Quantum computing has the potential to lead to the innovations required to address the global warming challenge. We are honored to take the lead in this round and support IQM’s desire to achieve sustainability and climate targets with a quantum advantage. This investment is consistent with our pledge to support only businesses with the highest climate performance potential (CPP), enabling our portfolio to reduce emissions by two gigatonnes annually by 2040, or 4% of total global emissions.
Our support of the incredible IQM team and its founders, who have steadily and methodically developed IQM with a solid on-premises business model centered on high-performance computing facilities and national quantum labs, brings us great pleasure. We are eager to participate in their development as they take the lead in the world.”
More About IQM:
The frontrunner in creating quantum computers across all of Europe is IQM. For supercomputing data centers and research facilities, IQM offers on-site quantum computers. It also grants complete access to its hardware.
IQM offers industrial customers a quantum edge through a particular application-specific, co-design methodology. With VTT, IQM is constructing Finland’s first 54-qubit quantum computer, and a consortium led by IQM (Q-Exa) is also making a quantum computer in Germany. A quantum accelerator will be built using this computer and an HPC supercomputer for following scientific research. With offices in Paris, Madrid, Munich, and Espoo, IQM has over 180 people.
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