Industry Newsquantum computingsuperconducting qubitsspacshpc
IQM Lists Via Merger With RAAQ
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IQM Finland and Real Asset Acquisition Corp. announced on February 23, 2026 a business combination valuing IQM at about $1.8 billion pre-money and leaving the combined company with over $450 million in cash. IQM reported at least $35 million revenue in FY2025, has sold 21 systems to 13 customers, and will use proceeds to accelerate fault-tolerant hardware and on-prem deliveries.
Scoring Rationale
Strong financial and commercial milestone with official backing, limited to the quantum computing vertical rather than broader AI/ML impact.
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