Finnish quantum computing startup IQM has become a unicorn after raising $300M in Series B funding led by U.S. firm Ten Eleven Ventures. The round, which brings IQM’s total funding to $600M, will fuel R&D, chip fabrication, and a stronger commercial push in the U.S. and APAC.
IQM builds on-premise quantum computers and a cloud platform, with customers including Oak Ridge National Laboratory. The startup is also developing a developer SDK based on open-source project Qrisp to broaden access to its machines.
Co-CEO Jan Goetz said the company aims to tackle error correction and scalability to deliver practical applications, while expanding its 300-person team in Europe and possibly adding U.S. assembly operations.
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IQM says it has sold the most quantum computers worldwide, with 54-qubit chips already in use and plans to ship its first 150-qubit systems.
