Brand new unicorn IQM sets its sights beyond Europe for its quantum computers
Finnish quantum computing startup IQM is now a unicorn: The company just raised more than $300 million in a Series B funding round that was led by Ten Eleven Ventures, a U.S. investment firm focused on cybersecurity. A university spinout, IQM builds quantum computers meant for on-premises installations as well as a cloud platform that taps this hardware. The company has already sold its quantum computers to enterprises in APAC and the U.S., but its strongest market remains Europe. That’s what this round is intended to change: the startup is planning to use the fresh cash for both a commercial push as well as R&D to align with the market’s evolving understanding of what’s needed to turn advances in quantum science into practical impact. To win U.S. clients in the…
