Quantum computing startup IQM raises $46 million - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Check out the pitch deck that persuaded Tencent to back quantum computing startup IQM's $46 million fundraise

IQM's cofounders: Dr. Jan Goetz, CEO, Prof. Mikko Möttönen, Chief scientist, Dr. Kuan Yen Tan, CTO, Dr. Juha Vartiainen, COO.Finnish quantum computing startup IQM has raised a $46 million Series A funding round led by MIG Fonds and backed by Chinese tech giant Tencent.Investors are piling into quantum computing, as the futuristic technology edges closer to reality.

IQM is aiming to deliver on-premises quantum computers for research laboratories and supercomputing centers. For industrial customers, the Espoo-based startup uses a co-design strategy to deliver quantum advantage based on application-specific processors, using novel chip architectures and ultrafast quantum operations. In short, a computer which can quantify vastly unpredictable datasets at speeds never previously thought possible.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IFundWomen CEO Karen Cahn: I feel like an 'absolute success in business' but a failure as a parent amid pandemicIFundWomen CEO Karen Cahn: I feel like an 'absolute success in business' but a failure as a parent amid pandemic (via CNBCMakeIt) MakeIt that's cool and all but why put your dirty feet on desk? MakeIt jimcramer can you better clarify this video for a simple minded retail investor like myself? Sure seems like straight market manipulation.... MakeIt Thank you. Nice article, nice legs, yet nobody gives AF.
Source: CNBC - 🏆 12. / 72 Read more »

LGBTQIA+ healthcare startup Folx raised $25 million for its Series A - Business InsiderA healthcare startup serving LGBTQIA+ patients just raised $25 million, and its growth reveals a key area of opportunity for other primary care startups White label with a wrap for your favorite group. Regret is a waste of energy. Don't stay home and not get paid, buy Bitcoin and register with a license trading company to earn guaranteed Passive income (13% interest on all your investment) lisaMakT
Source: BusinessInsider - 🏆 729. / 51 Read more »

PITCH DECK: Esports startup Fnatic raises $10 million - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dark store startups are raising millions for speedy grocery delivery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »