IQM is a Superconducting Qubits company founded in 2018 and based in Espoo, Finland. It has raised $529M in total funding, most recently a Series B in 2025.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Sep 3, 2025 | Series B | $320M | — | Ten Eleven Ventures |
| Jul 1, 2022 | Series A | $150M | — | World Fund |
| Nov 10, 2020 |
| Series A |
| $46M |
| — |
| MIG Fonds |
| Jul 9, 2019 | Seed | $13M | — | Matadero QED, Maki.vc, MIG Fonds |

IQM reaffirms its 2026 outlook after its Nasdaq listing, reporting €102M in orders and an €8.9M first-half revenue against a €60.5M operating loss.

Analysis of how IQM's potential Nasdaq listing could reshape the competitive dynamics in quantum computing against D-Wave.

IQM to deploy an advanced quantum computer at the LUMI AI Factory by 2027.
IQM will supply a quantum computer to the LUMI AI Factory for hybrid HPC and AI workloads.

IQM selected to supply the Halocene H4 quantum computer for Europe's LUMI AI Factory supercomputer integration, with delivery expected in 2027.

IQM Quantum Computers acquires Quantistry's software, algorithms, and IP to build a full-stack industrial simulation platform.
IQM's flagship on-premises superconducting quantum computer for HPC centers, available in 20-, 54-, and 150-qubit configurations that can be upgraded in situ. Delivered to Oak Ridge National Laboratory in 2025 for integration with ORNL's Summit supercomputer. The 20-qubit version demonstrated a median CZ gate fidelity of 99.51% across all qubit pairs. Designed specifically for installation in data centers alongside classical HPC infrastructure to enable hybrid quantum-classical workflows.
IQM's 20-qubit superconducting quantum processor available via Amazon Braket (Europe Stockholm region) in a self-service on-demand model—IQM's first cloud-accessible system. Features a 2D transmon qubit architecture with IQM's proprietary resonator-induced phase gate, achieving maximum two-qubit fidelity of 99.8% on the best qubit pair. Targeted at researchers and enterprises that need cloud access to European-operated quantum hardware for algorithm benchmarking and development.
16 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.
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