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IQM Quantum Computers Raises $46 Million, Bringing Total Raised to $85 Million

By IQT News posted 11 Nov 2020

(VentureBeat) IQM Quantum Computers today announced that it has raised $46 million in venture capital, bringing its total raised to $84 million. MIG Fonds led the round, which included participation from Tesi, OpenOcean, Maki.vc, Vito Ventures, Matadero QED, Vsquared, Salvia GmbH, Santo Venture Capital GmbH, and Tencent.
The Finnish company plans to use this funding to begin selling its first quantum computers. By getting more quantum computers in the hands of users, it hopes to begin refining possible applications and use cases, even as the underlying technology continues to evolve.
“We are building systems that we deliver to supercomputing or research centers,” IQM CEO Jan Goetz said. “At the moment, commercializing doesn’t mean that companies use them to solve their business problems. It’s really delivering the systems to do great research and to build and develop systems further. We want to accelerate the whole development process so that we are getting much faster to the stage that people call ‘quantum advantage,’ where you have a real business benefit from using quantum computers.”

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