IQM Quantum Computers has lured investors including Tencent to an ongoing series A round that brought its total equity and grant funding to about $84m.
IQM Quantum Computers, a Finland-based quantum computing spinout of Aalto University and VTT Technical Research Centre of Finland, has secured €39m ($46m) in series A funding from investors including internet group Tencent.
The round was led by fund manager MIG Fonds and included Finnish government-owned investment firm Tesi, OpenOcean, Maki.vc, Vito Ventures, Matadero QED, Vsquared, Salvia and Santo Venture Capital.
Founded in 2018, IQM plans to exploit superconducting circuits with zero electric resistance to build quantum computers optimised for software…
