Overview
IQM is merging with Nasdaq-listed Real Asset Acquisition Corp (RAAQ), raising over $450 million to advance its superconducting quantum computers, which address complex simulations in drug discovery and materials science. Founded in 2018, IQM has generated over €35 million in revenue in 2025 and aims for fault-tolerant quantum computing by 2030. Key investors include RAAQ, and the company plans to list on the NYSE and Helsinki Stock Exchange post-merger.
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Investors: RAAQ
IQM is merging with Nasdaq-listed Real Asset Acquisition Corp (RAAQ), raising over $450 million to advance its superconducting quantum computers, which address complex simulations in drug discovery and materials science. Founded in 2018, IQM has generated over €35 million in revenue in 2025 and aims for fault-tolerant quantum computing by 2030. Key investors include RAAQ, and the company plans to list on the NYSE and Helsinki Stock Exchange post-merger.