IQM

IQM

Company utilizing superconducting technology to build scalable quantum computing hardware.

IQM is a quantum computing company building scalable hardware for universal quantum computers, focusing on superconducting technology. They develop 2nd generation quantum processors based on proprietary technology thats aims to demonstrate the fastest qubit reset and readout in the industry. The company evolved out of research being done at VTT University and Aalto University.

In July 2019, IQM raised $13M in Seed funding. The investors are Matadero QED, Maki.vc, MIG Fonds, OpenOcean, Tesi (Finnish Industry Investment), and Vito Ventures.

In September 2019, IQM announced a partnership with JoS Quantum, a software startup based in Frankfurt Germany. JoS QUANTUM builds quantum computing software for finance, insurance and energy.

The company was founded in 2018 by 3 scientists at Aalto University Jan Goetz, Mikko Möttönen, Kuan Yen Tan, as well as software engineer Juha Vartiainen. IQM's headquarters are on the Otaniemi research campus in Espoo near Helsinki. Close to Aalto University and VTT Technical Research Center Finland allows IQM a smooth integration of fabrication processes and experimental work.

Timeline

July 2019
IQM raises a $13,000,000 seed round from Tesi and Vito Ventures.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
IQM funding round, July 2019
13,000,000
July 2019
1 Result
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People

Name
Role
LinkedIn

Dr Juha Vartiainen

COO & Co-Founder

Dr Kuan Yen Tan

CTO, Co-Founder, & Board Member

Dr Mikko Välimäki

Board Member

Ekaterina Almasque

Board Member

Prof Mikko Möttönen

Chief Scientist & Co-Founder

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
IQM Finland Oy
February 12, 2021
www.prnewswire.com:443
/PRNewswire/ -- Ein Projektkonsortium, dem Startups, Industrie, Forschungszentren, Supercomputing-Zentren und Hochschulen angehören, hat sich...
Freya Pratty
November 26, 2020
Sifted
Meet the 10 European startups at Series B that grew the most across the past six months, from fintech to biotech to ecommerce.
Maija Palmer
November 10, 2020
Sifted
The Finnish quantum hardware company has brought Tencent in as an investor in this round and plans to use the money to expand the team.
Callum Burroughs
November 10, 2020
Business Insider
IQM hopes to build on Europe's quantum computing leadership to develop a commercially viable product by 2021.
June 19, 2020
WebWire
Atos, a global leader in digital transformation, CSC - IT Center for Science and IQM, the European leader in superconducting quantum computers, announce the formation of a partnership to create the first comprehensive 100% European quantum ecosystem which includes a simulator, a universal programming environment and quantum hardware. As part of this initiative, IQM will use the Atos Quantum Learning Machine (QLM) to offer a complete programming, compilation and execution environment...

References

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