IQM Quantum Computers raises over €40 million to grow its Finland production site and advance quantum computing capabilities. The funding will support increased fabrication and assembly of superconducting quantum systems.
- Established in 2018 by Jan Goetz and Mikael Sajavaara, IQM Quantum Computers is a company specializing in superconducting quantum computing. The firm develops and manufactures full-stack quantum computers, including quantum processors, control electronics, and software platforms, designed for both on-premises deployment and cloud access.
- Its hardware portfolio ranges from small-scale 5-qubit systems for academic research to advanced high-fidelity devices with over 150 qubits for high-performance computing centers.
- IQM focuses on scalable, error-corrected quantum computing, combining chip fabrication, system assembly, and integrated testing in its facilities.
- The company’s operations span Europe, Asia, and the United States, with its R&D concentrated in Finland and Germany, and its teams work to advance fault-tolerant quantum systems while supporting academic and industrial research applications.
“By enhancing our fabrication capabilities to produce large-scale quantum chips for error-correction technology, we will not only better serve our customers but also reinforce our leadership in superconducting quantum computing,” said Jan Goetz, Co-CEO and Co-founder of IQM.
Details of the deal
- The round was led by Ten Eleven Ventures, with strong participation from Tesi, Elo Mutual Pension Insurance, Varma Mutual Pension Insurance, Schwarz Group, Winbond Electronics, the European Innovation Council (EIC), and Bayern Kapital.
- IQM Quantum Computers will use the funding to expand its Finland facility, increasing cleanroom and assembly line capacity, and to accelerate the development of advanced quantum processors and full-stack quantum computers.
- The investment will support scaling production to 30 systems per year, advance fault-tolerant quantum technology, and enhance research and innovation efforts. It will also contribute to creating a carbon-neutral facility and strengthening Europe’s quantum supply chain to reinforce technological leadership in the field.
