IQM Quantum Computers has secured a $50 million financing package from funds managed by BlackRock.
The investment facility will support IQM’s technology roadmap, the company said in a statement, adding that the funding had been secured before last month’s announcement. go public Through a SPAC merger with Real Asset Acquisition Corp.
The company said the funding will also reduce IQM’s overall cost of capital and improve the “flexibility and diversity” of its capital base.
“The financing package comes at an important time for IQM, as we build momentum for the next phase of our growth,” said Jan Goetz, CEO and co-founder of IQM. “This financing further strengthens our capital structure, increasing available resources so we can execute on our technology vision and expand into new markets.”
He added: “We build open and transparent quantum systems that institutions can directly operate, enabling practical use, long-term capacity building, and full control over their quantum infrastructure. By making quantum computing accessible in this way, we are enabling ecosystems to grow, benefiting researchers, industries, and partners.”
Founded in Helsinki, Finland in 2018, IQM brings full-stack quantum computers and applications to HPCs, research institutions, universities, and commercial enterprises. The company operates quantum data centers in Finland and Munich, Germany, providing cloud-based access to its systems. It has distributed quantum systems in supercomputing centers south korea, poland, ItalyAnd taiwan.
Earlier this month, the company Deployed a 20-qubit quantum computer at Aalto University, located in Espoo, a city west of the Finnish capital Helsinki. This is the fourth quantum system ever deployed by IQM in Finland.
