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The quantum computational firm IQM says it has raised $ 320 million to increase investment in technology and commercial growth.
Startup, with headquarters Google and IBM are being built in the US
Quantum Computers are machines that use quantum mechanics laws to solve problems too complex for classic computers that store information in bits (those and zeros). Quantum Computers use quantum bits, or “cubes” that may be zero, one or something between them – the purpose of processing a much larger amount of data to facilitate breakthroughs in areas such as medicine, science and finance.
The IQM financing round was headed by ten eleven enterprises, an American investment firm focused on cybersecurity, while the Tesi Finnish company also invested. According to co -founder and co -founder, she gives the status of a seven -year unicorn company, which means that it is estimated at $ 1 billion or more.
The investment emphasizes that the investor has strengthened, the hum around the quantum computing space. Shares of state quantum firms like Ionq and D waves quantum saw huge stocks last year. Over the last 12 months, Ionq’s shares have increased by almost 480%, while D-Wave Quantum stock has increased by 1400%.
“When comparing us directly with the companies that are listed by NASDAQ and accept KPI, such as people, profits, patents, similar things, in fact we are not far behind. We can really compete at this level,” Gotz said in an interview with CNBC.
Got said that IQM went a long way from the first days of the company’s construction. The company has 350 employees worldwide and has created finance and sales operations, as well as a factory in ESPOO where it builds its cars.
Europe vs. US
There are now a number of European companies running on quantum computers, including IQM, Pasqual and Quandela. However, they do not yet achieve the scale of their American colleagues.
In the speech earlier this year, the head of the European Commission Heno Virkun said this European Quantum Startups often fight for scaling with —the in absence of private capital, noting that the European Union receives only 5% of world private funding compared to 50% for the US
“If you just look at what is happening in Europe in these deep technology fields that leave universities, we naturally have many startups because we have so many good universities in Europe. But then it is really difficult to make them grow,” said Got IQM.
“Now I think there is a risk if you have very high estimates in the US that they just move the M&A consolidation using a high stock price.” Indeed, Ionq in June announced what would be Buy Quantum Computing Quantum Computing Startup Oxford Ionics During almost $ 1.1 billion, a transaction consisting mainly of stock.
Now IQM has sold a total of 15 quantum computers. The company sells two main products: its flagship machine, radiance and more affordable quantum called Spark, which the company sells universities.
Going forward, IQM plans to go beyond simple equipment. Got said that the firm would use part of the cash that it is raised for the development of the software platform aimed at making quantum calculations available to developers that are not experts in the field.
The second main purpose of IQM is a global expansion, and plans to expand commercial and sales in the US and Asia. Got said
While the initial public proposal may be an option for IQM further along the line, Got insisted that there are no IPO plans at the moment, adding that “attractive routes” still exist in private markets.
The ultimate goal, he said, is “creating a sustainable, profitable business and really make it a kind of company that remains there, and form the future of computing.”
“We will do everything you need to make it happen,” Gets added.
