News

July 22, 2022

Can quantum computers solve the climate crisis? IQM raises €128m to find out

Some estimates suggest quantum computing could help save 7 gigatonnes of CO2 emissions a year by 2035.


Freya Pratty

4 min read

Dr Jan Geotz, CEO and cofounder of IQM

IQM, the Finnish quantum computing hardware provider, has raised a €128m round led by climate tech investor World Fund — Europe’s largest quantum round ever. The fundraising comes as Europe’s quantum efforts are ramping up — this month saw the launch of the continent’s first dedicated quantum VC fund while governments are also pledging increased support for the industry. 

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An image of the team at IQM, the Finnish quantum startup
The IQM team
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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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