Espoo (Finland) and Munich (Germany) \u2014 IQM Quan\u00adtum Compu\u00adters (IQM), Euro\u00adpe\u2019s leading company for buil\u00adding super\u00adcon\u00adduc\u00adting quan\u00adtum compu\u00adters, has raised \u20ac128 million in a Series A2 finan\u00adcing round. The lead inves\u00adtor is Euro\u00adpe\u2019s largest climate tech venture capi\u00adta\u00adlist World Fund from Berlin. IQM intends to use the money to further expand and inter\u00adna\u00adtio\u00adna\u00adlize its leading role in Europe with offices in Espoo, Finland, and Munich, Germany, among others. \u201cThis round of funding shows the importance of our mission: to deve\u00adlop quan\u00adtum compu\u00adters for the well-being of huma\u00adnity. It also shows confi\u00addence in our busi\u00adness model and in our team\u2019s ability to shape the future of quan\u00adtum tech\u00adno\u00adlogy,\u201d says IQM\u2019s German foun\u00adder and CEO Dr. Jan Goetz.<\/p>\n
This funding round is the largest ever recei\u00adved by a Euro\u00adpean quan\u00adtum compu\u00adting company.<\/p>\n
The finan\u00adcing follows a Series A1 finan\u00adcing of EUR 39 million in 2020 and includes the EUR 35 million risk loan from the Euro\u00adpean Invest\u00adment Bank (EIB)<\/strong> announ\u00adced in early 2022. Bayern Kapi\u00adtal, EIC Acce\u00adle\u00adra\u00adtor, OurC\u00adrowd, QuIC SPV, Tofino <\/strong>and Varma<\/strong> as well as exis\u00adting inves\u00adtors MIG Fonds, Tesi, Open\u00adO\u00adcean, Maki.vc, Matadero QED, Vsquared, Salvia GmbH, Santo Venture Capi\u00adtal GmbH <\/strong>and Tencent<\/strong> parti\u00adci\u00adpa\u00adted in the round.<\/p>\n Commen\u00adting on the round on behalf of the inves\u00adtors, Dr. Sierk Poet\u00adting, CEO of IQM, said: \u201cThis finan\u00adcing round is very important for the company. It is confir\u00adma\u00adtion of the tech\u00adno\u00adlo\u00adgi\u00adcal mile\u00adsto\u00adnes achie\u00adved so far and will signi\u00adfi\u00adcantly acce\u00adle\u00adrate future deve\u00adlo\u00adp\u00adment. We are grateful for the rene\u00adwed confir\u00adma\u00adtion from exis\u00adting inves\u00adtors and welcome the new inves\u00adtors in this strong round.\u201d<\/p>\n Euro\u00adpean pioneer of quan\u00adtum technology<\/strong><\/p>\n Since its foun\u00adding in 2018, IQM has become the worl\u00add\u2019s fastest growing quan\u00adtum compu\u00adting company and has soli\u00addi\u00adfied its posi\u00adtion as the Euro\u00adpean leader in buil\u00adding super\u00adcon\u00adduc\u00adting quan\u00adtum compu\u00adters. IQM is the only Euro\u00adpean company alre\u00adady supp\u00adly\u00ading complete quan\u00adtum systems. The part\u00adners include a leading global auto\u00adma\u00adker. In doing so, IQM pursues an inno\u00adva\u00adtive co-design stra\u00adtegy in which it works closely with indus\u00adtrial custo\u00admers to deve\u00adlop appli\u00adca\u00adtion-speci\u00adfic processors.<\/p>\n Accor\u00adding to the Boston Consul\u00adting Group (BCG), quan\u00adtum tech\u00adno\u00adlogy could create up to $850 billion in value globally over the next 15 to 30 years as it scales and impro\u00adves accu\u00adracy and stabi\u00adlity. Quan\u00adtum compu\u00adting is a foun\u00adda\u00adtio\u00adnal tech\u00adno\u00adlogy that has extreme speed advan\u00adta\u00adges over any super\u00adcom\u00adpu\u00adter for certain calcu\u00adla\u00adti\u00adons. It has great poten\u00adtial for areas such as drug disco\u00advery, encryp\u00adtion, and more accu\u00adra\u00adtely predic\u00adting move\u00adments in finan\u00adcial markets. Google announ\u00adced back in 2019 that a quan\u00adtum proces\u00adsor they deve\u00adlo\u00adped comple\u00adted a calcu\u00adla\u00adtion in 200 seconds that would have taken the worl\u00add\u2019s fastest super\u00adcom\u00adpu\u00adter 10,000 years.<\/p>\n Quan\u00adtum compu\u00adting can help solve the climate crisis<\/strong><\/p>\n Since its foun\u00adding, IQM\u2019s goal has been to contri\u00adbute to social progress with its own tech\u00adno\u00adlogy, which includes helping to address the climate crisis. There is great poten\u00adtial here for quan\u00adtum compu\u00adters because it can be used to model solu\u00adti\u00adons that are not possi\u00adble with the current compu\u00adting power of clas\u00adsi\u00adcal compu\u00adters. Accor\u00adding to McKin\u00adsey, climate tech\u00adno\u00adlogy deve\u00adlo\u00adped using quan\u00adtum compu\u00adting can reduce CO2 emis\u00adsi\u00adons by seven giga\u00adtons per year by 2035.<\/p>\n The poten\u00adtial of IQM\u2019s tech\u00adno\u00adlogy lies, for exam\u00adple, in the opti\u00admiza\u00adtion of energy networks or climate mode\u00adling. The company is alre\u00adady conduc\u00adting basic rese\u00adarch for signi\u00adfi\u00adcantly better rech\u00adar\u00adgeable batte\u00adries as well as on comple\u00adtely new methods for desig\u00adning materials.<\/p>\n A key metric used by lead inves\u00adtor World Fund in its invest\u00adments is Climate Perfor\u00admance Poten\u00adtial (CPP). The compa\u00adnies and tech\u00adno\u00adlo\u00adgies inves\u00adted in should have the poten\u00adtial to avoid at least 100 million tons of CO2 emis\u00adsi\u00adons each year until 2040. The Fund\u2019s CPP calcu\u00adla\u00adti\u00adons show that IQM\u2019s tech\u00adno\u00adlogy has the poten\u00adtial to exceed this thres\u00adhold based on impro\u00adved battery perfor\u00admance and utiliza\u00adtion alone.<\/p>\n Daria Saha\u00adrova, co-foun\u00adder of the World Fund<\/strong>, said.: \u201cQuan\u00adtum compu\u00adting has the poten\u00adtial to be a driving force behind the breakth\u00adroughs we need to solve the climate crisis. We are proud to lead this round of funding and support IQM\u2019s ambi\u00adti\u00adons to create a quan\u00adtum advan\u00adtage for climate and sustaina\u00adbi\u00adlity goals. This invest\u00adment is in line with our commit\u00adment to only support compa\u00adnies with the highest possi\u00adble Climate Perfor\u00admance Poten\u00adtial (CPP). The goal is for the compa\u00adnies we fund to save a total of two giga\u00adtons of CO2 annu\u00adally by 2040 \u2014 that\u2019s four percent of all current global emis\u00adsi\u00adons. IQM has alre\u00adady succee\u00added in buil\u00adding a strong busi\u00adness focu\u00adsed on high-perfor\u00admance data centers and rese\u00adarch labs. We look forward to being part of their growth on the path to global market leadership.\u201d<\/p>\n First invest\u00adment of the Bava\u00adrian ScaleUp Fund laun\u00adched in 2021<\/strong><\/p>\n The eight-figure invest\u00adment by Bayern Kapi\u00adtal, the venture and growth capi\u00adtal company of the Free State of Bava\u00adria, is the first invest\u00adment of the ScaleUp Fund Bava\u00adria, laun\u00adched in 2021 for stron\u00adgly expan\u00adding high-tech compa\u00adnies with invest\u00adments between 10 and 25 million euros. \u201cQuan\u00adtum compu\u00adters are a key tech\u00adno\u00adlogy of the future today and Bava\u00adria, with its outstan\u00adding compe\u00adten\u00adcies in science and indus\u00adtry in the field of quan\u00adtum tech\u00adno\u00adlo\u00adgies, is excel\u00adlently posi\u00adtio\u00adned here,\u201d said Bava\u00adrian Minis\u00adter of Econo\u00admic Affairs Hubert Aiwan\u00adger: \u201cIQM is an active part\u00adner of Munich Quan\u00adtum Valley and is making an important contri\u00adbu\u00adtion to inte\u00adgra\u00adting quan\u00adtum compu\u00adters into an envi\u00adron\u00adment of high-perfor\u00admance compu\u00adters and making these compu\u00adting capa\u00adci\u00adties available to users in science and industry.\u201d<\/p>\n \u201cFor the first invest\u00adment with the ScaleUp Fund Bava\u00adria, we could hardly have wished for a better company with a signal effect for the entire region,\u201d says Dr. Georg Ried, Mana\u00adging Direc\u00adtor of Bayern Kapi\u00adtal. IQM\u2019s presence includes the new quan\u00adtum compu\u00adter at the Leib\u00adniz Compu\u00adting Center (LRZ) in Garching near Munich.<\/p>\n About IQM Quan\u00adtum Computers<\/strong><\/p>\n IQM is the pan-Euro\u00adpean leader in buil\u00adding quan\u00adtum compu\u00adters. IQM provi\u00addes super\u00adcom\u00adpu\u00adting data centers, labo\u00adra\u00adto\u00adries and enter\u00adpri\u00adses with on-site instal\u00adla\u00adtion of quan\u00adtum compu\u00adters and allows full access to this hard\u00adware. For indus\u00adtrial custo\u00admers, IQM offers a quan\u00adtum advan\u00adtage through a unique appli\u00adca\u00adtion-speci\u00adfic co-design approach.<\/p>\n IQM is buil\u00adding the first commer\u00adcial 54-qubit quan\u00adtum compu\u00adter in Finland toge\u00adther with the non-profit Tech\u00adni\u00adcal Rese\u00adarch Centre of Finland (VTT), the largest contract rese\u00adarch orga\u00adniza\u00adtion in Nort\u00adhern Europe. The IQM-led consor\u00adtium Q\u2011Exa is buil\u00adding a quan\u00adtum compu\u00adter in Germany. This compu\u00adter will be inte\u00adgra\u00adted with a high-perfor\u00admance super\u00adcom\u00adpu\u00adter to acce\u00adle\u00adrate its rese\u00adarch perfor\u00admance. IQM employs more than 180 people and has offices in Munich, Paris, Madrid and Espoo. About World Fund<\/strong><\/p>\n World Fund is the largest Euro\u00adpean-focu\u00adsed climate venture capi\u00adtal fund and was foun\u00added by Daria Saha\u00adrova, Dani\u00adjel Vi\u0161e\u00advi\u0107, Craig Douglas and Tim Schu\u00adma\u00adcher. From energy, food, agri\u00adcul\u00adture, and land use to buil\u00adding mate\u00adri\u00adals, manu\u00adfac\u00adtu\u00adring, and trans\u00adpor\u00adta\u00adtion, the World Fund is inves\u00adt\u00ading in Euro\u00adpean climate tech\u00adno\u00adlo\u00adgies with a Climate Perfor\u00admance Poten\u00adtial (CPP) of at least 100 million tons of CO2 emis\u00adsi\u00adons saved per year. As an inves\u00adtor, the World Fund argues that start\u00adups with an appro\u00adpriate CPP will be among the most valuable compa\u00adnies of the coming decade. www.worldfund.vc<\/p>\n About Bayern Kapital<\/strong><\/p>\n Bayern Kapi\u00adtal GmbH, based in Lands\u00adhut, was foun\u00added in 1995 as a wholly owned subsi\u00addiary of LfA F\u00f6rder\u00adbank Bayern on the initia\u00adtive of the Bava\u00adrian state govern\u00adment. As the venture\/growth capi\u00adtal company of the Free State of Bava\u00adria, Bayern Kapi\u00adtal provi\u00addes equity capi\u00adtal to the foun\u00adders of inno\u00adva\u00adtive high-tech compa\u00adnies and inno\u00adva\u00adtive tech\u00adno\u00adlogy compa\u00adnies in Bava\u00adria. Bayern Kapi\u00adtal mana\u00adges specia\u00adli\u00adzed invest\u00adment funds with an invest\u00adment volume of around 700 million euros. To date, Bayern Kapi\u00adtal has inves\u00adted around 370 million euros of venture capi\u00adtal in around 300 inno\u00adva\u00adtive tech\u00adno\u00adlogy-orien\u00adted compa\u00adnies from a wide range of sectors, inclu\u00adding life scien\u00adces, soft\u00adware & IT, mate\u00adri\u00adals & new mate\u00adri\u00adals, nano\u00adtech\u00adno\u00adlogy and envi\u00adron\u00admen\u00adtal tech\u00adno\u00adlogy. Bayern Kapi\u00adtal has supported the compa\u00adnies EOS Elec\u00adtro Opti\u00adcal Systems, conga\u00adtec, Morpho\u00adSys, voxel\u00adjet, parcel\u00adLab, SimS\u00adcale, proglove, Sirion Biotech and many others, some of which are listed on the stock exch\u00adange and are now market leaders in their sectors, from an early stage in the realiza\u00adtion of their projects and also in large-volume finan\u00adcing rounds. As a result, more than 8,000 jobs have been perma\u00adnently crea\u00adted in Bava\u00adria in sustainable companies.<\/p>\n","protected":false},"excerpt":{"rendered":" Espoo (Finland) and Munich (Germany) \u2014 IQM Quan\u00adtum Compu\u00adters (IQM), Euro\u00adpe\u2019s leading company for buil\u00adding super\u00adcon\u00adduc\u00adting quan\u00adtum compu\u00adters, has raised \u20ac128 million in a Series A2 finan\u00adcing round. The lead inves\u00adtor is Euro\u00adpe\u2019s largest climate tech venture capi\u00adta\u00adlist World Fund from Berlin. IQM intends to use the money to further expand and inter\u00adna\u00adtio\u00adna\u00adlize its leading [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":45580,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1373],"tags":[],"class_list":["post-45582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-venture-capital-en"],"yoast_head":"\n
\nwww.meetiqm.com<\/p>\n