IQM Quantum Computers has secured $57.64M in venture financing from funds managed by BlackRock (BLK) to accelerate growth, Anne Kauranen of Reuters reports, citing comments made by the Finnish company. In February, IQM said it was aiming to list its shares on the U.S. stock market via a merger with Real Assets Acquisition, with an initial equity valuation of $1.8B. The additional funding will help the Finnish company scale operations, accelerate its technology development, and strengthen its position, IQM CEO Jan Goetz said.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLK:
- BlackRock (BLK) Backs IQM Quantum Ahead of $1.8 Billion SPAC Listing as Sector Shifts from IPOs
- Is Quantum the Next AI? BlackRock (BLK) Backs IQM Ahead of $1.8 Billion Listing
- Morgan Stanley’s (MS) New Bitcoin ETF to Offer Lowest Fees in the Market
- Beyond the Strait: The AI Power Grab Ignoring Iran War
- Crypto Currents: Token classification rules take effect as ether rallies
