Finlands IQM to become one of Europes first listed quantum companies at $1.8 billion valuation
Summary
IQM announced plans to merge with SPAC Real Asset Acquisition Corp to list in New York, valuing the company at an initial $1.8 billion pending approvals. The deal could provide the company with over $300 million in combined PIPE financing and trust-account cash, and IQM is also considering a dual listing in Helsinki. Founded in 2018, IQM previously raised $320 million in a Series B and says it has sold 21 quantum systems to 13 customers and generated at least $35 million in unaudited 2025 revenue. The company builds full-stack quantum systems deployable on-premise or via the cloud as businesses and data centers prepare for potential commercial quantum deployments later this decade.
Funding
Amount
$320.0M
Total raised
Date
February 23, 2026
Announcement date
Investors
Ten Eleven Ventures, Tesi
Lead investors
Company
iqm.fi
Funded company
Classifications
industries
Aerospace
applications
Search and Information retrieval
AskAI Classifications
Labels
Artificial Intelligence Software
SaaS
Developer Tools
Linked Companies
Multiverse Computing
$10M to $25M
Quantinuum LLC
$50M to $100M