IQM Raises €128 million To Combat Climate Change

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European builder of superconducting quantum computers, IQM Quantum Computers, has recently announced that it has successfully raised €128 million in A2 series funding to augment its international business and speed up the product development to tackle the world’s most pressing problems, the funding was led by World Fund. This funding is the next step, which follows the €39 million A1 series announcement in 2020 and includes part of a €35 million venture loan from the European Investment Bank (EIB) announced earlier this year, making it the most extensive ever funding round raised by a Europe-based quantum computing company.

This funding round saw the participation of Bayern Kapital, EIC Fund, OurCrowd, QCI SPV, Tofino and Varma, as well as existing investors Maki.vc, Matadero QED, MIG Fonds, OpenOcean, Salvia GmbH, Santo Venture Capital GmbH, Tencent, Tesi, and Vsquared. “This financing round is a significant milestone that recognizes our recent technological milestones and contributes to the acceleration of IQM’s development efforts. We value the continued participation of our existing investors and welcome new investors to this powerful syndicate,” the company tweeted.

“This financing round is a significant milestone that recognizes our recent technological milestones and contributes to the acceleration of IQM’s development efforts. We value the continued participation of our existing investors and welcome new investors to this powerful syndicate,” said Dr Sierk Poetting, Chairman of IQM Quantum Computers.

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“This funding underscores the importance of our mission: building quantum computers for the well-being of humankind. It also demonstrates the confidence in our business model and the continued trust in our team’s ability to build the future of quantum technologies. I am confident that we will continue to achieve all our product and business milestones and deliver world-class quantum computers to our customers,” said Dr Jan Goetz, CEO and Co-founder of IQM Quantum Computers.


 

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Nishchay Pandey
Nishchay Pandey
Bioengineer with a knack for writing, I love IoT, Open-source and creativity.

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