Quantum computing startup IQM raises $46 million - Business Insider

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.

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