Pre-IPO quantum computing company profile · Founded 2018 · Espoo, Finland
Company Facts
IPO Status
SPAC merger announced
Once the listing closes, IQM Quantum Computers will join the tracked pure-play quantum stocks on this site.
IQM is Europe's largest quantum computing hardware company, spun out of Aalto University and Finland's VTT Technical Research Centre in 2018. Unlike cloud-first rivals, IQM's core business is selling full on-premises superconducting quantum computers to national labs, HPC centers and universities — with systems delivered across Finland, Germany, Spain, Poland, South Korea, Taiwan and beyond.
Its superconducting approach is the same modality as IBM, Google and Rigetti: fast gate speeds, semiconductor-style fabrication, and a well-understood path to error correction via surface codes. IQM operates its own fabrication facility in Espoo, one of the few in Europe capable of producing quantum processors.
In 2026 IQM announced a merger with Real Asset Acquisition Corp at a valuation around $1.8 billion, expected to complete mid-2026, positioning it to become the first listed European quantum computing company.
| Round | Amount | Date | Key Investors | Valuation |
|---|---|---|---|---|
| SPAC merger (announced) | — | 2026 | Real Asset Acquisition Corp | ~$1.8B |
| Series A2 | €128M | Jul 2022 | World Fund (lead), EIC Fund, Tencent, Bayern Kapital | — |
| Earlier rounds | ~€75M | 2019–2021 | MIG Fonds, Tesi, Matadero QED, EIC Accelerator | — |
Rigetti (RGTI) is the closest public comparable — a superconducting pure-play that also runs its own fab. D-Wave (QBTS) builds superconducting annealers. Sector-wide exposure is available via the QTUM ETF.
Can you buy IQM stock?
Not yet. IQM announced a merger with Real Asset Acquisition Corp expected to complete mid-2026. Until closing, only the SPAC shell trades; after closing, IQM is set to become the first listed European quantum computing company.
What is IQM's valuation?
The announced SPAC merger values IQM at roughly $1.8 billion. It previously raised a €128M Series A2 in 2022, then the largest European quantum round.
How does IQM compare to Rigetti?
Both build superconducting quantum computers with in-house fabs. Rigetti (RGTI) is cloud-focused from the US; IQM's differentiator is selling full on-premises systems to European and Asian HPC centers, making it Europe's most-deployed quantum hardware vendor.
How can I invest in superconducting quantum computing today?
Rigetti (RGTI) is the listed superconducting gate-model pure-play, and D-Wave (QBTS) lists superconducting annealing systems. IBM and Google also run large superconducting programs inside diversified parents.
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Static profile, updated manually · Last updated 2026-07-01 · Sources: IQM listing announcement ↗