Quantum gains steam as $320M raise puts Finnish startup IQM in unicorn status

IQM, a Finnish startup building toward quantum computing, raised $320M. The company locked in a $1B unicorn valuation, bringing back the quantum narrative to the ￰1￱ just locked in the biggest Series B round in the entire quantum sector as the company raised $320M for a total valuation over $1B, becoming an unexpected ￰2￱ News: IQM raises the largest Series B in the quantum sector! 🔥 📢 We're excited to announce our Series B funding round, a $320 million (€275 Million) raise led by our first U. S. investor, More: ￰0￱ ￰3￱ — IQM Quantum Computers (@meetIQM) September 3, 2025 IQM redirected the spotlight to the quantum narrative , as investors see a path toward solving real-world ￰4￱ funding round led by Ten Eleven Ventures surpassed previous target as the competition to find the leading quantum company ￰5￱ Finnish company aims to use the financing to expand into the US market, while scaling its data centers and chip assembly lines ￰6￱ also plans to invest in chip-making in Finland and fund research for fault-tolerant quantum ￰7￱ firm is considered a part of the EU quantum computing scene, though it has also targeted the US market as a source of more active business development.

Additionally, a part of the IQM research is happening in partnership with the US-based Oak Ridge National ￰8￱ also researches semiconductor technologies and offers cloud services for computational ￰9￱ company, a university spinoff, has released Spark, a 5-qubit quantum computer for university research, and offers advanced computation of up to 150 qubits, with added connectivity and infrastructure for ￰10￱ has shown readiness to release real results and computation, while continuing its main lines of ￰11￱ has emerged as one of the hubs for quantum computing startups, though other firms like Quanscient have achieved smaller seed ￰12￱ has worked with the VTT Technical Research Center of Finland, becoming a part of the country’s strategy for real-world applications of quantum ￰13￱ companies race to gain financing As Cryptopolitan reported recently , companies are racing to achieve usable quantum ￰14￱ has been around since 2018, but only now joined other quantum startups in fundraises, as investors see the technology shift closer to real-world ￰15￱ computers are still experimental, but are potentially capable of solving tasks beyond traditional computation, especially linked to cybersecurity and ￰16￱ quantum feature once again raised fears of solving crypto wallets and taking over even the most complex encryption, including ￰17￱ computers can solve problems that would pose an infinitely difficult task for regular ￰18￱ for quantum computing projects accelerated in early 2025, following Google’s experimental ￰19￱ $1.25B were raised in Q1, marking a shift from research to commercial readiness.

Previously, UK-based Quantinuum raised over $594M in an early ￰20￱ company Alice&Bob raised $100M earlier in ￰21￱ Eleven Ventures also supported crypto projects Ten Eleven Ventures has also invested in a couple of crypto projects, long before its foray into quantum ￰22￱ fund raised a total of $48M, investing in Valid Network and ￰23￱ latest investment was for $40M in a Series B round, boosting Hypernative’s Web3 security ￰24￱ the relatively obscure crypto projects, the large-scale IQM deal boosted the fund’s ￰25￱ the past months, the fund also focused on Israeli projects, backing cybersecurity ￰26￱ fund has also invested in AI research, including additional security and AI ￰27￱ seen where it ￰28￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.