Amid enduring investor appetite for all things quantum, another European company in the space is graduating from the private markets. Just two weeks after Finnish quantum unicorn IQM said it was going public via a merger with a special purpose acquisition company (SPAC), its French rival Pasqal is doing the same. Accompanied by a separate … Read more
Finnish unicorn IQM today announced plans to go public via a special purpose acquisition company (SPAC), valuing the company at approximately $1.8 billion. The move will see IQM join the growing cohort of quantum computing companies listed on U.S. stock markets. Founded in 2018 as a spinout from Finland’s Aalto University and VTT Technical Research, … Read more
Quantum computing will not be replacing supercomputers in 2026, let alone reaching industrial scale. And yet, investor appetite for companies pursuing the elusive quantum advantage hasn’t dwindled — it has increased. 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. … Read more