IQM - About the company
IQM is a series A company based in Espoo (Finland), founded in 2018 by . It operates as a Developer of superconducting quantum computers. IQM has raised $346M in funding from investors like MIG Capital, Vito Ventures and OpenOcean. The company has 25 active competitors, including 16 that are funded. Its top competitors include companies like Seeqc, Xanadu and C12 Quantum Electronics.
Company Details
Developer of superconducting quantum computers. Its features include quantum processors with on-chip components that increase QPU clock speed for error correction, as well as application-specific processors and quantum operations.
- Website
- Social
- Email ID
- @meetiqm.com
- Phone Number
- +358
Legal entities associated with IQM
IQM is associated with 4 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Aug 16, 2023 | - | 459 | 479 | |
Nov 22, 2022 | - | 773 | 888 | |
Jan 07, 2014 | - | 227 | 724 | |
Jul 01, 2013 | - | 387 | 852 |
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IQM's funding and investors
IQM has raised a total funding of $346M over 9 rounds. Its latest funding round was a Grant (prize money) round on Jul 31, 2022 for $51.1K. 1 investor participated in its latest round, which include Tesi, , OurCrowd and .
IQM has 22 institutional investors including MIG Capital, Vito Ventures and OpenOcean.
Here is the list of recent funding rounds of IQM:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jul 31, 2022 | $51.1K | Grant (prize money) | 7494822 | 4942601 | |
Jul 22, 2022 | $131M | Series A | 4203629 | 4662482 | World Fund, Bayern Kapital, and |
Apr 28, 2022 | $37.1M | Conventional Debt | 2435848 | 5198171 | - |
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IQM's founders and board of directors
The founders of IQM is . is the CEO of IQM.
View details of IQM's Founder profiles and Board Members
IQM's Competitors and alternates
Top competitors of IQM include Seeqc, Xanadu and C12 Quantum Electronics. Here is the list of Top 10 competitors of IQM, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st |  Seeqc 2019, Elmsford (United States), Series A | Provider of system-on-chips for quantum computing applications | $64.3M | Merck, Ìý&²¹³¾±è;Ìý | 63/100 |
2nd | 2018, Espoo (Finland), Series A | Developer of superconducting quantum computers | $346M | Tesi, Ìý&²¹³¾±è;Ìý | 62/100 |
3rd | Manufacturer of cloud and AI-based application-specific ICs for quantum computing applications | $250M | Capricorn Partners, Bessemer Venture PartnersÌý&²¹³¾±è;Ìý | 52/100 | |
4th |  C12 Quantum Electronics 2019, Paris (France), Series A | Manufacturer of application-specific integrated circuits for quantum computing applications | $29.3M | 360 Capital Partners, BpifranceÌý&²¹³¾±è;Ìý | 50/100 |
5th | Delft Circuits 2016, Delft (Netherlands), Series A | Provider of flexible microprocessors for quantum computing | $6.76M | , EIC FundÌý&²¹³¾±è;Ìý | 47/100 |
6th |  QuantWare 2020, Delft (Netherlands), Series A | Provider of designing, developing, and fabricating state-of-the-art superconducting quantum hardware for building scalable quantum computers | $28.4M | Rabobank, Ìý&²¹³¾±è;Ìý | 44/100 |
7th |  Nord Quantique 2020, Sherbrooke (Canada), Seed | Manufacturer of superconducting qubits | $7.47M | BDC, MK Venture CapitalÌý&²¹³¾±è;Ìý | 43/100 |
8th | EeroQ 2016, Brooklyn (United States), Seed | Provider of gate-based quantum processor chips for universal quantum computers | $7.25M | VCapital, Alumni VenturesÌý&²¹³¾±è;Ìý | 43/100 |
9th | SparrowQuantum 2015, Copenhagen (Denmark), Series A | Provider of photonic integrated circuit delivering a steady stream of single photons | $28.7M | Novo Holdings, Ìý&²¹³¾±è;Ìý | 43/100 |
10th | Provider of silicon integrated photonics and quantum optics | $140M | BCI, Samsung Venture InvestmentÌý&²¹³¾±è;Ìý | 42/100 |
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IQM's Investments and acquisitions
IQM has made no investments or acquisitions yet.
Reports related to IQM
Here is the latest report on IQM's sector:
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News related to IQM
Media has covered IQM for a total of 34 events in the last 1 year, 27 of them have been about company updates and 6 about partnerships.
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Business Wire•Apr 24, 2025•IQM
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Business Wire•Apr 24, 2025•IQM
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Business Wire•Apr 24, 2025•IQM
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Business Wire•Apr 24, 2025•IQM
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Business Wire•Apr 24, 2025•IQM
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DCD•Mar 17, 2025•IQM,
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Hpcwire•Mar 11, 2025•IQM
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