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IQM Finland Oy (IQM) raises €18.3M for the development of quantum computers

PUBLIC · IQMXJun 02, 2024

Amount Raised

€18.3 Million

Round Type

Funding Round

FinlandManufacturingSoftwareArtificial IntelligenceGovernment Administration

Investors

Business Finland Government AgencyEic Accelerator Program

Description

IQM Finland Oy (IQM) has raised a €15M equity investment round from the EIC Accelerator program and €3.3M from the Business Finland government agency, bringing its total funding to over €32M. The company plans to hire more engineers and expand its operations in Germany to build co-design quantum computers for commercial applications.

Quick answer

IQM Quantum Computers Plc raised €18.3 Million in a Funding Round round, dated June 2, 2024. Investors: Business Finland Government Agency and Eic Accelerator Program. IQM Quantum Computers Plc is based in Finland.

How much did IQM Quantum Computers Plc raise?
IQM Quantum Computers Plc raised €18.3 Million in a Funding Round round on June 2, 2024.
Who invested in IQM Quantum Computers Plc?
Business Finland Government Agency and Eic Accelerator Program are named as investors in this round.
What does IQM Quantum Computers Plc do?
IQM Quantum Computers is a leader in providing full-stack superconducting quantum systems.
Where is IQM Quantum Computers Plc based and how big is it?
IQM Quantum Computers Plc is based in Finland.
Who are the decision-makers at IQM Quantum Computers Plc?
Fundz holds 5 contacts at IQM Quantum Computers Plc, including the President of the European Commission. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Government Administration and Manufacturing around the same time

Companies in the same sectors as IQM Quantum Computers Plc that raised within 45 days of this round, from Fundz verified event records.

  • Pivot Robots raised an undisclosed amount (Seed) on July 1, 2024.
  • Better Futures raised $541K (Pre-Seed) on June 27, 2024.
  • EthonAI raised $16M (Funding Round) on May 30, 2024.
  • Amity Solutions raised $60M (Series C) on July 17, 2024.
  • San Francisco Compute raised $12M (Seed) on July 17, 2024.
  • Briefly Bio raised $1.2M (Pre-Seed) on July 17, 2024.

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Company Information

Company

IQM Quantum Computers Plc

Location

Finland

About

IQM Quantum Computers is a leader in providing full-stack superconducting quantum systems. Founded in 2018, it serves enterprises, research institutions, and universities. The company aims to accelerate the commercialization and adoption of quantum computing worldwide. IQM has established itself as a key player in the quantum computing landscape.

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Related People

5 contacts
Verified contactsUrsula L., President of the European Commission hidden hidden hiddenSee plans and pricing
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IQM Quantum Computers Plc raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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