IQM Named Among Quantum Collaborators in HPE's New Hybrid Quantum-HPC Platform

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pipe financial

A PIPE (private investment in public equity) is a deal in which institutional or accredited investors buy shares or convertible securities directly from a publicly traded company, usually at a discount to the market price. Companies use PIPEs to raise money faster than through a traditional public offering; for existing shareholders they matter because the newly issued shares add to the share count and can dilute ownership.

superconducting quantum processor technical

A superconducting quantum processor is a type of computer chip that uses circuits cooled to near absolute zero so electrical currents flow without resistance and behave according to quantum rules, allowing information to be held and processed as quantum bits that can represent many possibilities at once. It matters to investors because these chips promise to tackle certain complex problems much faster than conventional processors—advances, setbacks or scaling costs can strongly influence company valuations, funding needs and realistic timelines for commercial applications.

cray supercomputing infrastructure technical

Cray supercomputing infrastructure means high-performance computing systems and the accompanying software and networking designed for extremely fast data processing and complex simulations, originally associated with the Cray family of engineered supercomputers. For investors it matters because these systems accelerate research, product development and big-data analytics—like upgrading from a two-lane road to an eight-lane highway—potentially boosting productivity, cutting time-to-market, enabling new services, and shaping capital and operating cost profiles.

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• The collaboration will advance practical and scalable hybrid classical-quantum applications.
• This follows IQM's first on-premises quantum computer installation in the United States, at Oak Ridge National Laboratory.
• IQM has sold 23 quantum systems globally to date and intends to list on Nasdaq in the United States by mid 2026.

ESPOO, Finland & PRINCETON, N.J.--(BUSINESS WIRE)-- Hewlett Packard Enterprise has named IQM Quantum Computers among the companies collaborating on its hybrid classical-quantum computing platform, announced at HPE Discover Las Vegas.

IQM Radiance quantum computer at HPE Discover Las Vegas 2026

IQM, a global leader in full-stack superconducting quantum computers, is contributing superconducting quantum processor technology to the effort, in which HPE is integrating multiple quantum modalities with its Cray supercomputing infrastructure.

This collaboration strengthens IQM's global expansion plans as the company prepares for its planned Nasdaq listing through a merger with Real Asset Acquisition Corp. (Nasdaq: RAAQ).

For IQM, HPE's selection places the company at the center of one of the computing industry's most significant efforts to bring quantum and high-performance computing together, an integration widely regarded as the leading near-term path for quantum in both research and enterprise settings.

Pairing quantum computers with classical supercomputers allows each to handle the workloads it is best suited for, with the quantum system acting as a specialised accelerator for problems where classical methods fall short.

“IQM is relentlessly focusing on Production Quantum and scaling the adoption of quantum computing through data-center integration: the work that matters now is closing the gap between a quantum computer that runs in a lab and one that runs in a data center; being part of HPE's platform and live at Oak Ridge is that work, for customers who own their systems,” said Jan Goetz, CEO and Co-founder of IQM Quantum Computers.

This development follows IQM's installation of its first on-premises quantum computer in the United States, at Oak Ridge National Laboratory — one of the world's leading high-performance computing facilities. As with IQM's deployments elsewhere, the customer owns and operates the full-stack system on-site, integrated with existing infrastructure — a model in which the customer controls the hardware, the data, and the intellectual property generated on the machine.

IQM has sold 23 quantum systems globally to date, more than any other quantum hardware manufacturer. Among them, IQM will deliver the world's first quantum computer to a private enterprise, Galaxy Systemy Informatyczne in Poland, and will install a system with TOYO Corporation in Japan — the first enterprise to purchase a quantum computer in the country.

In addition, IQM is collaborating with NVIDIA on agentic calibration, applying AI to a practical bottleneck in operating quantum systems at scale.

Recently, IQM announced an upsized PIPE of over USD 146 million, with a new commitment from Ilmarinen, a Finnish pension giant, ahead of its Nasdaq listing — underscoring growing institutional confidence in the company.

About IQM Quantum Computers

IQM Quantum Computers is a global leader in superconducting quantum computers, delivering full-stack quantum computers and cloud platform access to research institutions, universities, high-performance computing centers, national laboratories and enterprises worldwide. IQM's on-premises deployment model gives customers direct ownership and control of their quantum infrastructure. Founded in 2018, headquartered in Finland with major operations in Munich, it has over 400 employees. IQM operates across Europe, Asia, and North America. IQM filed an F-4 registration statement with the SEC, which has since been declared effective, with the intention to become the first publicly listed European quantum company on Nasdaq Global Exchange in the U.S by merging with Real Asset Acquisition Corp. (Nasdaq: RAAQ).

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Source: IQM Quantum Computers