Oratomic raises $300M to build a viable quantum computer that needs only 20K qubits
The massive round was co-led by ARCH Venture Partners, Spark Capital, and Khosla Ventures.
quantum computing
IQM, Europe’s first public quantum company, admits the future of the tech is uncertain
IQM, a full-stack quantum company out of Finland, went public on the Nasdaq today at a valuation of about $1.9 billion.
Peter Sarlin’s QuTwo reaches $380M valuation in angel round
QyTw0, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million (approximately $380 million) after raising a €25 million angel round ($29 million). It’s a sign of enduring tailwinds for AI, quantum computing, and sovereign tech, especially for Europe-made companies.
Before quantum computing arrives, this startup wants enterprises already running on it
After selling his AI startup to AMD for $665 million, Peter Sarlin is back with QuTwo, a new venture building the infrastructure it believes enterprises will need when quantum computing finally arrives.
Quantum scale-up Pasqal plans $2B SPAC listing, promises to ‘remain French’
A SPAC deal that is set to take French quantum company Pasqal public on the Nasdaq values the company at $2 billion pre-money.
Finnish quantum unicorn IQM set to go public
Finnish unicorn IQM plans to go public via a special purpose acquisition company (SPAC) valuing the company at approximately $1.8 billion — joining the growing cohort of quantum computing companies listed on U.S. stock markets.
Quantonation’s double-sized second fund shows quantum still has believers
Quantonation Ventures, a venture firm investing in quantum and physics-based startups, has closed its oversubscribed second fund at €220 million, or approximately $260 million. That’s more than twice the size of its inaugural fund, and comes in addition to other signals that the quantum winter isn’t coming yet.
Brand new unicorn IQM sets its sights beyond Europe for its quantum computers
IQM, a Finnish quantum computing company is now a unicorn after raising over $300 million in a Series B round funding led by Ten Eleven Ventures, a U.S. investment firm focused on cybersecurity.
After falling behind in generative AI, IBM and AMD look to quantum for an edge
As IBM and AMD look to regain ground after falling behind on the generative AI boom, the move could position them as key infrastructure players in a future where quantum and AI converge.
India eyes global quantum computer push — and QpiAI is its chosen vehicle
QpiAI, an Indian startup that integrates AI and quantum computing for enterprise use cases, has raised $32 million in a new funding round co-led by the Indian government.