MilestoneIndustryConfirmed
IQM raises $320 million in a Series B round led by Ten Eleven Ventures
Sep 3, 2025
Finnish superconducting quantum computer maker IQM said it raised $320 million (€275 million) in a Series B round led by US investor Ten Eleven Ventures, bringing its total funding to $600 million. Citing Crunchbase data, IQM called it the largest Series B in quantum in Europe and outside the US.
Why it matters
IQM says the money will scale its assembly lines and data-center deployments worldwide and advance its roadmap toward error-corrected machines, keeping a European hardware maker in the race.
Sources (2)
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IQM Quantum Computers
IQM Quantum Computers Raises over $300 Million in Series B Funding Round Led by U.S. Investor Ten Eleven Ventures with strong support from Tesi
“IQM Quantum Computers, a global leader in full-stack superconducting quantum computers, today announced that it has raised $320 Million (€275 Million) in venture capital, bringing the total funding raised to date to $600 Million.”
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The Quantum Insider
IQM Quantum Computers Raises Over $300 Million in Series B Funding Round Led by U.S. Investor Ten Eleven Ventures With Strong Support From Tesi
“IQM Quantum Computers has raised $320 million (€275 million) in Series B funding, bringing its total capital raised to $600 million to advance superconducting quantum computing.”
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