The Aalto University and VTT quantum computer spinout has lined up a potential series A round with an initial $16.9m contribution from EIC Accelerator.
IQM Finland, a Finland-based quantum computing hardware manufacturer spun out of Aalto University and VTT Technical Research Centre of Finland, has secured up to €15m ($16.9m) in equity financing.
The EU-run EIC Accelerator provided the funding, which was announced alongside $3.7m of grant money from government innovation funding board Business Finland. IQM said the capital will go towards a proposed series A round.
Founded in 2018, IQM is working on quantum computers that rely on superconducting materials to…
