Finnish quantum computing firm IQM raises $46 million
Nov 10 (Reuters) - Finnish quantum computing technology firm IQM has raised 39 million euros ($46 million) from investors including MIG and Tencent to boost its position in the emerging industry, it said on Tuesday.IQM, founded in 2018, develops quantum computers for research laboratories and computing centres, and has now raised a total of 71 million euros - making it one of the best-funded European firms in the sector.“Europe is ideally positioned to become a quantum leader for the future. Our decades of investment in science and research which are needed to power quantum breakthroughs play to our strengths,” it said.Quantum computers could operate millions of times faster than today’s advanced supercomputers. The technology is based on quantum bits, or qubits, that exponentially increase the amount of information that can be...
