IQM has successfully secured one of the largest funding rounds in quantum technology, enabling significant growth and expansion in the global market, with substantial backing from Tesi and other investors.

Information on the Target

IQM is a leading global developer of quantum computers based on superconducting circuits. Established in 2019 as a spin-off from Aalto University, the company designs and manufactures quantum processors in Espoo, Finland. IQM also provides computing solutions and optimizations tailored to the needs of research and industry. Beyond its home market, the company has expanded its operations to Germany, France, Italy, Japan, Poland, Spain, Singapore, South Korea, and the United States.

Recently, IQM achieved one of the largest financing rounds in the quantum sector, which has allowed it to scale its production and data center infrastructure globally and accelerate its growth in the U.S. The involvement of Ten Eleven Ventures marks a significant milestone as it is IQM's first U.S. investor, contributing to a broader network of support for the company.

Industry Overview in Finland

The quantum technology industry in Finland is recognized globally for its world-class expertise and innovation capabilities. Recent years have seen a surge in interest and investment in quant