Overview
- IQM said it secured €50 million from funds managed by BlackRock to speed chip development and scale its business ahead of a planned dual listing in the United States and Helsinki.
- The Finnish company plans to go public later this year through a merger with Real Asset Acquisition Corp, a blank-check firm, targeting an initial equity value of about $1.8 billion.
- CEO Jan Goetz said the cash will help ramp commercial traction toward profitability after sales roughly doubled to about $35 million last year and year-end bookings topped $100 million.
- IQM sells quantum computers and cloud access and is pushing on‑premise systems for private data centers so customers can control hardware and keep sensitive data on site.
- BlackRock called quantum "the next era of computing," and its technology lead Tony Kim said AI learns from data while quantum draws on physics, a mix that could unlock tougher problem solving.