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IQM Quantum Raises €39M in Series A Funding

Espoo, Finland, 10th November 2020 – IQM Quantum Computers (IQM), a European builder of superconducting quantum computers, today announced that it has raised €39M in Series A funding, bringing the total amount of funding raised to date to €71M. MIG Fonds has led this round, with participation from all existing investors including Tesi, OpenOcean, Maki.vc, […]

IQM Startup in Finland Developing Fault-tolerant Quantum Processor

A new startup called IQM in Finland aims to drive disruptive advancements in quantum computing. A spinout from Aalto University and the VTT Technical Research Centre of Finland, IQM is developing high-speed quantum processors to reduce the error rates currently limiting quantum computers. “IQM’s fault-tolerant quantum processor architecture will open the door for more powerful computationally intensive tasks. The talented team is set to enable a unique quantum cloud offering and ignite a stronger quantum software eco-system in Europe.”