Espoo, Finland : With a focus on building quantum processors to help address the climate issue, IQM will use the funding to speed product development and grow its global company.
Quantum computing has the potential to accelerate the resolution of complicated issues in the future for a variety of applications, including medicine development and market prediction.
Pioneering quantum hardware for the future of computing
Since its founding in 2018, IQM has grown at the quickest rate among quantum computing businesses, solidifying its position as the pioneer in superconducting quantum computing in Europe. Additionally, the only business in Europe now supplying full-stack quantum systems is IQM. In the next 15 to 30 years, the technology could provide up to $850 billion in value globally as it scales up and enhances accuracy and stability. It is anticipated that this technology would boost medicine development, revolutionise encryption and data protection, and predict financial systems by delivering supercharged, precise computer power that is significantly more sophisticated than any supercomputer. For instance, a quantum computer would need only four minutes to tackle a task that could take a supercomputer 10,000 years to complete.
IQM’s on-premise quantum computers are utilised by research laboratories and supercomputing centres to tackle difficult problems in healthcare, finance, logistics, and chemistry. IQM has one of the largest teams of world-class quantum experts on the continent. Industrial customers can collaborate closely with IQM to obtain quantum advantage based on application-specific processors according to the company’s creative co-design philosophy
