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

IQM, a Finnish quantum computing company, has recently become a unicorn after raising over $300 million in a Series B funding round. The round was led by Ten Eleven Ventures, a U.S. investment firm focused on cybersecurity. IQM's goal is to expand beyond Europe and establish a global presence for its quantum computing technology. The company is working on developing and commercializing quantum computers that can outperform classical computers in certain tasks. The funding will be used to accelerate IQM's research and development efforts, as well as to expand its international footprint. The company plans to open new offices in the United States and Asia to better serve its global customer base. IQM's achievement of unicorn status, a designation for privately held companies valued at over $1 billion, underscores the growing importance of quantum computing in the technology landscape. The company's success also highlights the increasing interest and investment in this emerging field.