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IQM's quantum computer hardware, shining golden in a darkly lit room

IQM raises a historic $320 million in funding, accelerating growth in the US quantum market

IQM Quantum Computers has raised $320 million in Series B funding, the biggest quantum funding round to date in Europe and outside of the US. The funding will accelerate IQM's growth path in the US and globally.

Micro electronics

IQM Radiance quantum hardware

IQM sells quantum computer to the US Department of Energy's Oak Ridge National Laboratory

The US Department of Energy's Oak Ridge National Laboratory (ORNL) has acquired IQM's 20-qubit quantum computer. IQM Radiance is the first quantum computer purchased by ORNL, a leading quantum computing research organisation in the US.

Micro electronics

Birch tree leaves and branches with a partly cloudy sky in the background

Lumene invests €10 million to modernise its Espoo beauty product manufacturing facility

The Finnish beauty product company Lumene invests €10 million to modernise its Espoo production facility. The overhaul will make Lumene's production facility one of the most modern beauty product manufacturing plants in the Nordics.

IQM's quantum computer hardware, shining golden in a darkly lit room

IQM will accelerate quantum adoption in Japan, signs agreement with TOYO Corporation

IQM signs a distribution agreement with TOYO Corporation to accelerate quantum computing adoption in Japan. TOYO will distribute IQM's on-premises superconducting quantum computers to universities, research institutions, and companies. (Image: IQM)

Micro electronics

A laboratory worker with blue rubber gloves holding a computer chip in front of their face.

VTT to lead EU's new quantum chip consortium SUPREME

VTT is chosen to lead SUPREME, a new EU consortium that supports the development of quantum chips in Europe.

Keilaniemi Skyline

VTT will launch Finland's first NATO DIANA accelerator programme in 2026

Finland's first NATO DIANA accelerator programme will be launched by VTT in Espoo next year. Companies from all NATO member countries can apply for the accelerator by 11 July.

Micro electronics

Gold-coloured inside of a quantum computer in VTT's cleanroom in Espoo, Finland.

IQM and VTT to launch a 300-qubit quantum computer in Espoo

IQM wins a deal to deliver two advanced quantum computers to VTT in Espoo. The computers will act as testbeds for quantum error correction technologies.

A group picture. IQM's Co-CEO Mikko Välimäki and Enter Espoo's Jaana Tuomi, among others, visiting IQM's quantum computer at Chungbuk National University.

IQM’s first quantum computer in Asia-Pacific installed — New office opens in Seoul

IQM has finished installation of its first quantum computer in Asia-Pacific. The company announces a new office in Seoul, South Korea, and appoints a new Country Manager.

Laboratory green house with rows of green vegetables.

VTT spin-offs raised 15% of all capital invested in Finnish startups last year

Startups with a background in VTT Technical Research Centre raised 15% of all capital invested in Finnish startups in 2024. In total, 16 spin-offs raised funding worth over 200 million euros.

Circular economy

Quantum tech laboratory behind two glass doors with two people inside wearing white lab overalls

IQM Spark quantum computer to be installed in Poland

Poland’s first superconducting quantum computer will be delivered by Espoo-based IQM.

A pink circuit board.

Meet us at SusHi Tech Tokyo 2025

Enter the city of deep tech. Meet us at SusHi Tech Tokyo 2025 (booth C-684) and connect with the Finnish experts driving sustainable growth and investment opportunities in Espoo, Finland — the leading innovation ecosystem in the Nordic Countries.

Decorative image of a circuit board.

Investments in Espoo-based startups increased by 56%

In 2024, Espoo-based startups raised 253 million euros of funding. Foreign investment played a crucial role.

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