IQM

IQM Quantum Computers is Finland's leading quantum computing company building superconducting quantum computers. In 2025, secured record €320 million Series B for Finland (total funding $600 million), led by Ten Eleven Ventures (US). Investors: Tesi (Finnish state), Elo, Varma (pension funds), Schwarz Group, Winbond Electronics, EIC, Bayern Kapital.

November 13, 2025: Launched IQM Halocene, new 150-qubit product line optimized for error correction research. Halocene commercially available by end of 2026 with future releases exceeding 1,000 qubits. First system installation at VTT Technical Research Centre of Finland.

Government contract: VTT partnership for 300-qubit system (€70M government grant). Timeline: 150-qubit system mid-2026, 300-qubit system late 2027, integrated with Finland's HPC infrastructure.

Market positioning: leading European quantum hardware company with strong government backing (Finland), focus on scalable quantum systems with both on-premises and cloud access.