BlackRock adds funding for Finnish quantum computing company IQM with 50 million euros investment to boost IPO valuation of 1.8 billion US dollars.

Finnish quantum computing company IQM Quantum Computers has revealed that it has received 50 million euros (approximately 57.64 million US dollars) in venture capital from funds and accounts under BlackRock, Inc. to accelerate its global growth. Previously, the company planned to go public on both the US and Dutch stock exchanges. In February of this year, IQM announced plans to merge with Special Purpose Acquisition Company Real Asset Acquisition Corp (RAAQ.US) and list on the US stock exchange later this year, with an initial equity valuation of approximately 1.8 billion dollars. Last Thursday, BlackRock, Inc. stated in another social media post that quantum computing represents "the next era of computing." Jan Goetz, CEO of IQM, said that the additional funds announced on Monday will help the Finnish company expand its operations, accelerate chip and technology development, and strengthen its market position, "it is essentially a question of how to increase business attractiveness, ultimately to achieve profitability." IQM's Technology Strategy Core IQM sells quantum computers and cloud computing timing services, with sales nearly doubling last year to around 35 million US dollars, and as of the end of the year, its total order value exceeded 100 million US dollars. IQM noted that it has sold 21 sets of its exclusive quantum computing systems to 13 customers, including 4 of the top ten supercomputing centers in the world. Goetz said, "We have yet to fully tap into the entire field of private data centers, and quantum technology is at the core of the national technology strategies of countries around the world." Tony Kim, head of the global technology team at BlackRock, Inc.'s Portfolio Management Group Equity Division, said in another video that the way artificial intelligence and quantum technology solve problems is fundamentally different. "Artificial intelligence reasons from data, quantum mechanics reasons from physics. But combining the two may reshape the possibilities of computing," Kim said. With another leading quantum computing company IonQ announcing the achievement of 99.99% fidelity for double qubit gates, as well as IBM deploying classical decoders for quantum error correction on commercial AMD FPGAs to achieve real-time responses in nanoseconds, the industry widely predicts that the key quantum turning points of "industrial-grade quantum advantage" and "quantum dominance" are only three to five years away. The approaching technological critical point is transforming quantum computing from an academic topic to an urgent national security issue, especially "practical quantum advantage" may appear first in the form of 'narrow scenarios + hybrid computing + verifiable benefits' within 2-5 years. Quantum computing and other cutting-edge technologies are also one of the core focus areas of Wall Street strategic funds led by JPMorgan Chase. Previously in October 2025, JPMorgan Chase announced a major initiative called the "Security and Resiliency Initiative" with a total investment of 1.5 trillion dollars over ten years to "promote, finance, and invest" in core industries related to the US economy and national security. The focus of this initiative covers four key directions: US core supply chain and advanced manufacturing (including rare earths and other critical minerals, pharmaceutical precursors, Siasun Robot & Automation, etc.), defense and aerospace, energy independence and diversified resilience, as well as cutting-edge and core strategic technology trends (AI, nuclear fusion, cybersecurity, and quantum computing, etc.).