BlackRock-managed funds have invested €50 million (approximately $57 million) in IQM Quantum Computers, according to Reuters. The investment comes as IQM prepares for a dual listing in the US and Helsinki through a merger with a special purpose acquisition company, targeting a $1.8 billion valuation. This funding round signals strong institutional confidence in quantum computing's commercial potential.

IQM, a Finnish quantum computing company, plans to use the capital to scale operations globally, accelerate chip development, and expand its commercial presence. The company develops quantum systems and cloud-based services, generating approximately $35 million in revenue last year with bookings exceeding $100 million. These figures demonstrate growing enterprise demand for quantum solutions.

BlackRock described quantum computing as "the next era of computing," highlighting its strategic focus on advanced technologies shaping future digital infrastructure. The investment reflects broader private equity and institutional interest in frontier technologies, with quantum computing increasingly viewed as complementary to artificial intelligence. IQM is also targeting growth in private data center deployments as organizations seek to integrate quantum capabilities into high-performance computing environments.