Finland-based
quantum computing startup IQM Quantum Computers has secured a €50 million
financing package from funds and accounts managed by BlackRock. The funding is
intended to support the company’s continued growth and strengthen its position
in the global quantum computing market.
The
facility was secured ahead of IQM’s previously announced plans to become the
first publicly listed European quantum computing company through a merger with
Real Asset Acquisition Corp. It is expected to reduce the company’s overall
cost of capital while increasing flexibility and diversification within its
capital structure.
IQM
develops full-stack superconducting quantum computers and provides both
on-premises systems and cloud access to research institutions, universities,
high-performance computing centres, and national laboratories. Its approach
enables organisations to directly operate and manage their own quantum
infrastructure.
The
financing package comes at a pivotal time for IQM, as we build momentum for our
next phase of growth.
This financing further strengthens our capital structure,
increasing the resources available to execute on our technology vision and
expand into new markets.
said Jan Goetz, CEO and co-founder of IQM.
With
growing global demand for on-premises quantum systems, the company is
positioning itself to support enterprise adoption of quantum and quantum AI technologies. Its strategy combines hardware development, cloud accessibility,
industry partnerships, and ecosystem expansion, with a long-term focus on
achieving fault-tolerant quantum computing.
The
capital will be used to accelerate IQM’s technology roadmap, expand research
and development activities, and support entry into additional markets, further
advancing its capabilities in superconducting quantum systems.