Since the company was founded, IQM’s mission statement has been to use its technology for the well-being of humankind and that extends to tackling the climate crisis. Quantum’s ground-breaking potential to help tackle the climate crisis The company’s innovative co-design strategy also enables industrial customers to work closely with IQM to achieve quantum advantage based on application-specific processors. With one of the largest teams of world-class quantum experts on the continent, IQM’s on-premise quantum computers are used by research laboratories and supercomputing centres to address challenging problems in healthcare, finance, logistics and chemistry. The round included participation from Bayern Kapital, EIC Fund, OurCrowd, QCI SPV, Tofino and Varma, as well as existing investors Maki.vc, Matadero QED, MIG Fonds, OpenOcean, Salvia GmbH, Santo Venture Capital GmbH, Tencent, Tesi, and Vsquared. The funding, which follows a €39m ($39m) Series A1 announcement in 2020 and includes part of a €35m ($35m) venture loan from the European Investment Bank (EIB) announced earlier this year, makes it the largest ever funding round raised by a European quantum computing company. The closing of this round is the largest raised by a European quantum computing companyĮSPOO, Finland, July 22, 2022-( BUSINESS WIRE)- IQM Quantum Computers (IQM), the European leader in building superconducting quantum computers, is announcing today it has raised €128 million ($128m) in Series A2 funding led by World Fund to expand its international business and accelerate product development to tackle the world’s most pressing problems. In the future, quantum computing could help to solve complex problems at faster speeds than classical computers for anything from drug development to predicting financial markets IQM is the leading European startup building superconducting quantum computers for HPC centers, research institutes and businesses across the continent IQM will use the funding to expand international business and accelerate product development, with a focus on developing quantum processors to help tackle the climate crisis