IQM, a spun-out from Aalto University and VTT Technical Research Centre of Finland, is a leading European company for quantum computer hardware.
IQM's mission is to build useful quantum computers to generate value for the society using faster quantum processors designed hand-in-hand with their applications.
IQM was founded in 2018 by Dr Jan Goetz, Prof Mikko Möttönen, Dr Juha Vartiainen and Dr Kuan Yen Tan. The company is headquartered in Espoo, Finland, with presence in Munich, Madrid, and Spain.
IQM provides on-premises quantum computers for supercomputing data centres and research labs and offers full access to its hardware. For industrial customers, IQM delivers a quantum advantage through a unique application-specific, co-design approach.
IQM is building Finland’s first 54-qubit quantum computer with VTT and an IQM-led consortium (Q-Exa) is also building a quantum computer in Germany. This computer will be integrated into an HPC supercomputer to create a quantum accelerator for future scientific research.
IQM is the only European company that is already delivering full-stack quantum systems. The technology could create up to $850 billion in value globally over the next 15-30 years as it scales up and improves accuracy and stability.
IQM is backed by Tencent, World Fund, European Investment Bank (EIB), MIG, Bayern Kapital, EIC Fund, QCI SPV, Tofino, Maki.vc, Vito Ventures Management, OurCrowd, and others. The company raised €128M ($128M) in Series A2 round on Jul 22, 2022. This brings IQM's total funding to €233.8M to date.