IQM is the European leader in superconducting quantum computers. The company delivers on-premises quantum computers for research laboratories and supercomputing centers and provides complete access to its hardware, while offering quantum advantage through application-specific co-design for industrial customers. IQM maintains an order book worth approximately USD 100 million.
Cyborg Score Rationale
IQM has secured over €600 million in capital as of 2025, ranking among the most highly funded quantum computing companies in Europe. The company unveiled Europe's first 50-qubit superconducting quantum computer in March 2025. IQM has manufactured 30 full-stack quantum computing machines and delivered six to customers including VTT and German research centers.
Top Insights
Announced €275 million Series B round in September 2025, led by Ten Eleven Ventures and Tesi (Finland's state-owned investment fund).
Announced over €40 million investment in November 2025 to expand its Espoo production facility.
Planning stock market listing in both US and Finland, with SPAC transaction expected to close around June 2026.
Has grown to 280+ employees with subsidiaries in Munich, Madrid, Paris, and Singapore since inception in 2018.
Named Competitors
IBM Quantum — Cloud-based quantum computing services
Google Quantum AI — Superconducting quantum processors and cloud access
D-Wave — Quantum annealing systems
Rigetti — Hybrid quantum-classical computing
Recent Developments
(February 2026) Announced SPAC merger with Real Asset Acquisition Corp. at $1.8 billion valuation for dual listing in US and Helsinki
(March 2026) Deployed Aalto Q20, a 20-qubit quantum computer at Aalto University in Finland
(November 2025) Announced €40+ million expansion of Espoo manufacturing facility
(September 2025) Closed €275 million Series B funding round
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