About IQM
IQM is a company based in Espoo (Finland) founded in 2018 by Jan Goetz.. IQM has raised $526.89 million across 9 funding rounds from investors including Tencent, OurCrowd and OpenOcean. IQM offers products and services including IQM Spark, IQM Radiance, and IQM Cloud. IQM operates in a competitive market with competitors including Seeqc, Xanadu, C12 Quantum Electronics, Delft Circuits and Photonic, among others.
- Headquarter Espoo, Finland
- Founders Jan Goetz
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$526.89 M (USD)
in 9 rounds
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Latest Funding Round
$320 M (USD), Series B
Sep 03, 2025
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Investors
Tencent
& 23 more
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Employee Count
Employee Count
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Products & Services of IQM
IQM offers a comprehensive portfolio of products and services, including IQM Spark, IQM Radiance, and IQM Cloud. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Affordable 5-qubit superconducting system for university research.
Advanced model with up to 150 qubits for high-performance computing.
Platform for accessible quantum computing via cloud for real-world use.
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Funding Insights of IQM
IQM has successfully raised a total of $526.89M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $320 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series B — $320.0M
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First Round
First Round
(09 Jul 2019)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Series B - IQM | Valuation | Ten Eleven Ventures | |
| Jul, 2022 | Amount | Grant - IQM | Valuation |
investors |
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| Jul, 2022 | Amount | Series A - IQM | Valuation | World Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in IQM
IQM has secured backing from 24 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent, OurCrowd and OpenOcean. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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World Fund is recognized as a leading European climate tech venture capital fund.
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Founded Year | Domain | Location | |
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High-tech industries are targeted for investments by Bayern Kapital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by IQM
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - IQM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iqm Comparisons
Competitors of IQM
IQM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Seeqc, Xanadu, C12 Quantum Electronics, Delft Circuits and Photonic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
System-on-chips for quantum computing applications are provided.
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| domain | founded_year | HQ Location |
Xanadu is involved in unspecified technology or AI solutions.
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| domain | founded_year | HQ Location |
Manufacturer of application-specific integrated circuits for quantum computing applications
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| domain | founded_year | HQ Location |
Superconducting circuits and cryogenic solutions for quantum computing are developed.
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| domain | founded_year | HQ Location |
Provider of silicon integrated photonics and quantum optics
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iqm
Frequently Asked Questions about IQM
When was IQM founded?
IQM was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is IQM located?
IQM is headquartered in Espoo, Finland.
Who is the current CEO of IQM?
Jan Goetz is the current CEO of IQM. They have also founded this company.
Is IQM a funded company?
IQM is a funded company, having raised a total of $526.89M across 9 funding rounds to date. The company's 1st funding round was a Series A of $130.59M, raised on Jul 09, 2019.
What does IQM do?
Founded in 2018, IQM is engaged in the quantum computing sector, based in Espoo, Finland. Superconducting quantum processors are created by the company, incorporating on-chip components that enhance QPU clock speed for error correction. Application-specific processors and quantum operations are also provided to support various computational needs in the field.
Who are the top competitors of IQM?
IQM's top competitors include Seeqc, SparrowQuantum and Xanadu.
What products or services does IQM offer?
IQM offers IQM Spark, IQM Radiance, and IQM Cloud.
Who are IQM's investors?
IQM has 24 investors. Key investors include Tencent, OurCrowd, OpenOcean, European Union, and Winbond.