HELSINKI, March 30 - Finnish quantum computing company IQM has raised 50 million euros ($57.64 million) from BlackRock-managed funds to fuel global expansion before its planned U.S. stock market debut.
The company aims to go public later this year via a merger with Real Asset Acquisition Corp, targeting an $1.8 billion valuation.
CEO Jan Goetz said the capital will boost chip development, scaling operations, and commercial traction toward profitability.
IQM reported $35 million in revenue last year and ended with over $100 million in bookings. It sells both quantum computers and cloud access.
Goetz highlighted untapped potential in private data centers and emphasized that quantum computing is central to national tech strategies.
BlackRock’s Tony Kim noted AI and quantum differ fundamentally but together could redefine computational limits.