IQM receives 128 million euros

The German-Finnish start-up thus receives more money than any European quantum computer company before. The main backer is the Berlin World Fund.

German-Finnish quantum computing start-up IQM has received 128 million euros in a funding round. According to the company, it is the largest funding round for a European quantum computing company to date. The main investor is Berlin-based climate tech venture capitalist World Fund. IQM, which employs more than 180 people, plans to use the money to further expand and internationalize its role in Europe. "This round of funding shows the importance of our mission: to develop quantum computers for the well-being of humanity. It also shows confidence in our business model and in our team's ability to shape the future of quantum technology," said German IQM founder and CEO Jan Goetz.

Dara Saharova, co-founder of World Fund, says in light of the investment, "Quantum computing has the potential to be a driving force behind the breakthroughs we need to solve the climate crisis. We are proud to lead this round of funding and support IQM's ambitions to create a quantum advantage for climate and sustainability goals.