Finnish IQM Quantum Computers raises $320M to expand globally and advance quantum computing
IQM Quantum Computers, a Finnish global leader in full-stack superconducting quantum computers, announced that it has raised $320 million in a Series B venture capital round, bringing its total funding to $600 million. The round was led by Ten Eleven Ventures, with an increased commitment from Tesi.
About IQM Quantum Computers
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IQM Quantum Computers is a global leader in superconducting quantum computers, with headquarters in Finland. IQM provides both on-premises full-stack quantum computers and a cloud platform to access its computers.
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The company’s customers include the leading high-performance computing centers, research labs, universities and enterprises which have full access to IQM’s software and hardware.
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IQM has a global presence in France, Germany, Italy, Japan, Poland, Spain, Singapore, South Korea, and the United States.
“This funding round will fuel our company growth, with an accelerated tech roadmap towards error corrected systems from thousand to million qubits. We also focus on strong business expansion in the U.S. and other global markets based on our attractive on-premises offerings for quantum computers and the recently announced upgrade of our cloud offering,” said Dr. Jan Goetz, Co-Founder and Co-CEO of IQM Quantum Computers.
IQM Quantum Computers hardware
Investment details
This Series B funding round was led by Ten Eleven Ventures, IQM’s first U.S. investor, and backed by Tesi.
Participation also came from several new and existing investors, including pension funds Elo Mutual Pension Insurance and Varma Mutual Pension Insurance, strategic investors Companies of Schwarz Group and Winbond Electronics Corporation, and sovereign wealth funds EIC and Bayern Kapital.
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Ten Eleven Ventures is a global, stage-agnostic VC focused on cybersecurity, investing in and supporting companies tackling critical digital security challenges.
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Tesi (officially Finnish Industry Investment Ltd) is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies, and to new industrial scale businesses.
With this funding, IQM will scale its data centers and assembly lines globally, strengthen its U.S. presence, and meet growing demand for its products.
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https://en.ain.ua/2025/09/04/iqm-quantum-computers-raises-320m/