Why We Invested · World Fund
Why the firm invested
World Fund backed IQM due to its high climate performance potential and its strong on-premises business model focused on high-performance computing centres and national labs.
It gives us immense pleasure to support the amazing IQM team and its founders, who have meticulously and consistently built IQM with a strong on-premises business model focused on high-performance computing centres and national quantum labs.
Product
IQM originated as a spinoff from Aalto University and VTT Technical Research Centre of Finland, building on research from the QCD lab.
As a spinoff of Aalto University and VTT Technical Research Centre of Finland, IQM’s core technology builds upon decades of research from the world-renowned Quantum Computing and Devices (QCD) lab.
Traction
IQM is the only European company delivering full-stack quantum systems and has become the fastest-growing quantum computer company since 2018.
Since launching in 2018, IQM has become the fastest-growing quantum computer company and has cemented its position as the European leader in building superconducting quantum computers. It is also the only European company already delivering full-stack quantum systems.
IQM is collaborating with partners including Atos, VTT, and Infineon to develop quantum solutions.
IQM is already partnering with organisations such as Atos, VTT and Infineon to develop solutions that leverage this transformative technology.
Team
IQM has Europe's largest industrial hardware team of quantum experts, with over 640 scientific publications, over 27,000 citations, and CEO Jan Götz.
It has the largest industrial hardware team of world-class quantum experts in Europe, with over 640+ scientific publications and over 27,000 citations. And with Jan Götz, IQM has a CEO with all the qualities necessary to create a global leader.
Business model
IQM delivers quantum advantage through an application-specific co-design approach in close collaboration with industrial customers.
IQM works closely with industrial customers to deliver quantum advantage through a unique application-specific, co-design approach.
Competition
IQM is the European leader in building superconducting quantum computers, providing on-premises hardware for data centres and research labs.
IQM is the European leader in building superconducting quantum computers. The company provides on-premises quantum computers for superconducting data centres and research labs and offers full access to its hardware.
Investment context
IQM raised €128 million in Series A2 funding led by World Fund.
Today we are announcing that IQM has raised €128 million in Series A2 funding led by us, World Fund.
What founders can learn
- What actually moved the decision: World Fund wrote that World Fund backed IQM due to its high climate performance potential and its strong on-premises business model focused on high-performance computing centres and national labs.
- The traction evidence that carried weight: World Fund wrote that IQM is the only European company delivering full-stack quantum systems and has become the fastest-growing quantum computer company since 2018.
- How the team was judged: World Fund wrote that IQM has Europe's largest industrial hardware team of quantum experts, with over 640 scientific publications, over 27,000 citations, and CEO Jan Götz.
- How the model was assessed: World Fund wrote that IQM delivers quantum advantage through an application-specific co-design approach in close collaboration with industrial customers.
Source and provenance
Why We Invested published by World Fund on worldfund.vc (first-party source). Read the original
