IQM

Market position

The company describes itself as a global leader in full-stack superconducting quantum computers and claims the top position in on-premise quantum computer deliveries globally over the past twelve months, as well as the broadest product portfolio in its market. It states it is the first publicly listed European quantum computer company on Nasdaq, and reported its Series B as the largest ever in the quantum sector in Europe and outside the U.S. based on Crunchbase data.

IQM positions on customer ownership of hardware ("Production Quantum") rather than cloud-only access, an open and transparent hardware and software platform giving customers full access to and control of their machines, a product range spanning 5 to 150 qubits, and in-house fabrication and assembly operations.

Technology

IQM develops superconducting qubit processors and the full hardware and software stack around them, including control electronics, system integration and software tooling. The company reports reaching 99% two-qubit gate fidelity across all qubit pairs in 2021 and operates its own fabrication facility and clean room in Finland. Its roadmap targets progression from NISQ-era machines to error-corrected, fault-tolerant systems scaling from thousands to one million qubits. Acquired Quantistry software adds cloud-native simulation workflows, algorithm libraries and a machine learning layer that routes workloads across classical HPC, AI computing environments and quantum backends.

Go-to-market

IQM markets directly to institutional buyers through regional offices, emphasizing customer ownership and control of hardware rather than rented access. It supports adoption with an education arm (IQM Academy), developer tooling, hackathons, a conference program, published case studies and industry reports, and partnerships with HPC centers and integrators such as Eviden.

Universities and research groups, high-performance computing centers, national laboratories, research institutions and enterprises in sectors including automotive, aerospace, chemicals, materials science, pharmaceuticals, rail transport and finance-adjacent IT services.

Geography

Headquartered in Espoo, Finland, with major operations in Munich, Germany, and legal entities and offices in France (Paris), Singapore, the United States (Riverdale, Maryland), Poland (Warsaw) and Spain (Madrid). The company reports 12+ locations and operations across Europe, Asia and North America, including offices opened in Japan and South Korea.

History

After its 2018 founding, IQM raised €11.4 million in seed funding, opened an Espoo office with a lab and expanded to Germany in 2019. It announced a €39 million Series A1 and launched its first 5-qubit quantum computer in 2020, delivered that first 5-qubit system and reached 99% two-qubit gate fidelity in 2021 alongside expansion to France and Spain and the opening of a fabrication facility and clean room. In 2022 it raised a €128 million Series A2, received the Tech Tour Growth Award, hosted the first SQA conference and opened IQM Academy. In 2023 it expanded to APAC and the US, delivered its first 20-qubit system, and launched IQM Radiance and its cloud platform. In 2024 it delivered a first 54-qubit computer, opened a quantum data center in Germany, integrated classical and quantum computing at an HPC center, and was named Deloitte Technology Fast 50 fastest-growing tech company in Finland. In September 2025 it raised a $320 million Series B, and in July 2026 it acquired assets of Quantistry GmbH concurrently with a business combination with Real Asset Acquisition Corp. that took it public on Nasdaq.