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Quantum computing startup IQM raises $320 million as investors pile into the tech

European startup IQM is aiming to build powerful quantum computers to rival the likes of Google and IBM. Quantum computing firm IQM says it's raised $320 million of fresh funding to ramp up investments in technology and commercial growth. The startup, which is headquartered in Espoo, Finland, was founded in 2018 by a team of scientists with the aim of building powerful quantum computers in Europe like the machines companies such as Google and IBM are building in the U.S. Quantum computers are

Brand new unicorn IQM sets its sights beyond Europe for its quantum computers

Finnish quantum computing startup IQM is now a unicorn: The company just raised more than $300 million in a Series B funding round that was led by Ten Eleven Ventures, a U.S. investment firm focused on cybersecurity. A university spinout, IQM builds quantum computers meant for on-premises installations as well as a cloud platform that taps this hardware. The company has already sold its quantum computers to enterprises in APAC and the U.S., but its strongest market remains Europe. That’s what