IQM raises $46 million to commercialize its quantum computers

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The race to develop quantum computers has attracted growing hype in recent years. While it’s hard to know just when this next-generation computing architecture will have a real impact, one European company is preparing to take another significant step forward.

IQM Quantum Computers today announced that it has raised $46 million in venture capital, bringing its total raised to $84 million. MIG Fonds led the round, which included participation from Tesi, OpenOcean,, Vito Ventures, Matadero QED, Vsquared, Salvia GmbH, Santo Venture Capital GmbH, and Tencent.

The Finnish company plans to use this funding to begin selling its first quantum computers. By getting more quantum computers in the hands of users, it hopes to begin refining possible applications and use cases, even as the underlying technology continues to


This article was originally published on on VentureBeat.

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