#quantumdatacenter

Real Asset Acquisition Corp.

The global deep-tech industry reached a milestone today when IQM Quantum Computers inked a final business combination agreement with Real Asset Acquisition Corp. IQM will become the first European quantum computing company to list on a major exchange with this deal. The Finnish quantum pioneer is worth USD 1.8 billion pre-money equity.

A Huge Investment

The merger with SPAC RAAQ aims to offer IQM a financial boost to accelerate its fault-tolerant quantum computing efforts. The amalgamated entity's cash should reach USD 450 million after the purchase. This substantial financial “runway” is supported by USD 175 million from RAAQ's trust account, USD 134 million from a $10.00 per share PIPE, and USD 24 million from warrant cash exercises.

New and established institutional investors have supported the PIPE financing, showing market confidence in IQM's plan. All significant owners have signed a lock-up agreement, confirming their long-term commitment to the company's goal. Current IQM shareholders will not sell shares or receive any payment in this transaction.

The Benefit of Vertical Integration

In the highly competitive quantum industry, IQM's full-stack, vertically integrated business strategy has stood out. The Espoo-based corporation controls the entire value chain, unlike competitors who focus on certain technological layers. The company operates assembly lines, a quantum chip fab, a quantum data center, and proprietary chip design tools.

Vertical integration allows IQM to offer “open-architecture” technologies that may be used on its cloud platform or on-premise at customer sites, speeding up innovation cycles. Spark and Radiance systems are now available, but Halocene, its next-generation system, is coming soon. It seeks extensive commercialization. Technically, IQM processors exceed 99.9% gate and readout dependability, a vital benchmark for future expansion.

Incredible Commercial Momentum

Even though many quantum startups are still working out how to go from lab research to commercial viability, IQM has experienced great success. It has sold 21 systems to 13 clients globally, including four of the top 10 supercomputing facilities. IQM has supplied 15 on-premises systems, more than IBM, D-Wave, IonQ, and Rigetti.

With at least USD 35 million in unaudited 2025 sales, the company entered 2026 strong. Bookings and visibility exceeded $100 million in 2025. Quantum and AI value chain commercial growth is boosted by strategic integrations with NVIDIA, AWS, HPE, Toyo Corporation, and Bechtle AG.

Leader Vision

“We built IQM from the beginning for one purpose—to put working quantum computers in the hands of the people who will use them to solve real problems,” said CEO and co-founder Jan Goetz. Science projects no longer include quantum computing. Customers in this industry run and expand quantum computers. IQM allows that.

RAAQ CEO and Co-Chairman Peter Ort agreed, citing IQM's performance. Ort said, “IQM has built and delivered more on-premises quantum systems than any other competitor to some of the most demanding research institutions on earth. He added that the transaction will “accelerate the growth of a company that has already earned its position in the field, with real customers, running real quantum systems, today.”

global reach and sovereignty

IQM has a global impact with over 300 employees and locations in France, Germany, Italy, Japan, Poland, Saudi Arabia, Spain, Singapore, South Korea, Taiwan, the UK, and the US. This global presence supports its goal of developing “sovereign infrastructure” to enable regional quantum ecosystems to flourish freely.

The company may dual-list on the Helsinki stock exchange, but its main listing will be American Depositary Shares on a major U.S. exchange. “Going public is not a change of direction but rather an acceleration,” said IQM Board Chairman Sierk Poetting, who saw the IPO as a natural next step.

Advisors and Next Steps

The deal involves prominent advisors. TD Cowen and Cohen & Company Capital Markets advise RAAQ, while J.P. Morgan SE and Rothschild & Co. advise IQM on finance and capital markets. Perkins Coie LLP, Borenius Attorneys Ltd., and Cooley LLP provide legal counsel.

In 2025, quantum technology company Qilimanjaro achieved several milestones related to its fluxonium qubit design, which is stable and error-reducing. The first multimodal Quantum Data Center in Europe, in Barcelona, combined high-performance classical resources with digital and analog processors to boost hardware capabilities. To provide this infrastructure, they launched QiliSDK, an open-source software toolkit for hybrid quantum workflow researchers and developers.

Strategic partnerships with CERN and Hospital del Mar have proved their technology' versatility in medical surgical scheduling and particle physics. The successful deployment of quantum systems through massive European innovation efforts and team expansion enabled these technological advances. Qilimanjaro's proprietary software, cutting-edge chip architecture, and cloud-based access made it a hybrid quantum computing pioneer.

European Innovation’s New Home

Qilimanjaro opened its multimodal Quantum Data Center in Barcelona's 22@ innovation zone, the year's biggest milestone. Additionally, this lab has a strong infrastructure that can house ten quantum computers. The center's fusion of analog and digital superconducting processors with HPC resources lets users match computing workloads with the most efficient gear.

This strengthens European technical sovereignty and makes Catalonia a quantum research hub. SpeQtrum Quantum-as-a-Service (QaaS) allows chemistry, AI, and materials science universities, research facilities, and businesses to access the facility.

Machine Heart: Fluxonium

The fluxonium qubit drove Qilimanjaro's hardware success. The more popular transmon qubit is used by competitors, but Qilimanjaro's architectural choice has improved accuracy and stability. Fluxonium gives more stability and cleaner control, resulting in quieter, more accurate calculations, according to the company's 2025 study.

The millisecond coherence proof was a technical achievement this year. This lifetime is one of the longest for superconducting qubits and provides a solid foundation for hybrid (digital-analog) and scalable analog systems. The company released QiliSDK, an open-source Python framework, alongside this hardware. As a "unified software stack," this toolkit lets developers handle circuits and Hamiltonians in one place and swap between CPU, GPU, and QPU backends.

National Initiatives and Strategic Infrastructure

The Barcelona Supercomputing Center boosted Qilimanjaro's public-private partnerships in 2025. EuroQCS installed an analog quantum computer at the BSC and improved cryogenic equipment and shielding.

In the meantime, Quantum Spain began its last delivery. This project will establish two 20–30 qubit digital quantum computers at the BSC. The BSC plans to run three quantum machines—two digital and one analog—to demonstrate that quantum computing may be utilized as a supercomputing accelerator.

Measureable Effects: Public Health to High-Energy Physics

Qilimanjaro worked with top colleges to demonstrate the technology's practicality.

Qilimanjaro helped CERN and the Open Quantum Institute rebuild ATLAS detector tracks using "Quantum Reservoirs," an analog technique. This cooperation used Quantum Extreme Learning Machines for image categorization to show that analog systems can handle particle physics' severe inference problems.

Healthcare with Hospital del Mar: The company solved Barcelona public health issues. The partnership optimized medicinal materials, drug-design procedures, and operation scheduling with quantum optimization to boost surgical capacity by 30%. Two patents increased efficiency and reduced saturation in patient recovery units. Also see Scialog QMI Awards $1.1M to Quantum Innovation Researchers.

Globalization and Ecosystem Development

Internally, the company has grown rapidly. The team swelled to 74 professionals this year, providing the scientific depth for its “full-stack” strategy. This information was presented globally by Qilimanjaro personnel at 78 international events like MWC Barcelona, the APS March Meeting, and the International Year of Quantum.

Strategic relationships have expanded the company. Qilimanjaro, a European ecosystem staple, collaborated with Qblox on control systems and joined IMPAQT in Delft as its lone hybrid full-stack integrator. It also worked with the GSMA Quantum Network Services working group to shape quantum infrastructure.

Considering 2026

Quantum Datacenter

 Nu Quantum leads the global utility-scale quantum computing forum.

Los Angeles and Cambridge, UK, June 27, 2025: Nu Quantum, a quantum networking provider, recently convened industry leaders to accelerate utility-scale quantum computing. The first Quantum Datacenter Alliance (QDA) Forum, held on June 26 at Battersea Power Station's historic Control Room A, showed that cross-industry collaboration is necessary to realise quantum technology's economic potential.

Useful Quantum Computing

Utility-level The construction and use of quantum systems to unlock practical applications and significant commercial value is called “quantum computing.” It represents a future when quantum technology is applied outside labs to solve complex problems.

Following is a detailed explanation:

Purpose and Definition:

Programs like the Quantum Datacenter Alliance aim to accelerate utility-scale quantum computing.

The “future of quantum computing rests on the ability to scale – to datacenter-scale systems which will unlock real-world utility and commercial value,” said Nu Quantum founder and CEO Carmen Palacios-Berraquero.

To solve the planet's most pressing problems, quantum systems must be “thousands of times more powerful than those available today” to achieve “transformational utility”.

Key elements and requirements for success:

Utility-scale datacenter scaling By definition, quantum computing involves integrating quantum devices into datacenters and eliminating them from labs. This requires overcoming complex scale operational and technical challenges.

Utility-scale requires “collective and purposeful action” and “close collaboration across the industry”. The QDA aspires to unite top quantum computing stack companies through cooperation and innovation.

Strong Infrastructure: “Data centre integration is the key to taking quantum out of the lab and into the market,” stated NTT DATA's Tom Winstanley. Besides developing qubits, this requires “creating the infrastructure, standards, and partnerships that make quantum commercially viable at scale”.

To build massive quantum data centres and enable “the real large-scale future of quantum computing distributed throughout the world,” QuEra's Alex Keesling said, “Networking between QPUs [Quantum Processing Units] is also something that still needs to be demonstrated and it will be a key component.” Datacenter-scale quantum computing requires a “Entanglement Fabric” to connect quantum processors, which Nu Quantum is building to accelerate revolutionary utility and fault-tolerance.

The classical computer stack featured “separate sectors, with many companies in each that provide solutions for that layer,” according to Hermann Hauser of Amadeus Capital Partners. These layers must “work together seamlessly for distributed quantum computing” for a utility-scale “fault-tolerant scale quantum computer,” he said.

Addressing Technical and Operational Issues: Utility-scale quantum computing requires concentrated meetings and discussions on problems like:

Production and reliability of quantum computers. Out-scale connectivity techniques.

scalable quantum error correction algorithms.

system integrators, including HPC and data centre providers.

importance of interfaces and interoperability.

rapid industry and supply chain maturity.

advocating industry standards, architecture, and benchmarking.

Collaboration with end users is necessary to discover quantum's most effective ways for measurable benefits.

Utility-scale quantum computing is the concept of a quantum ecosystem in which quantum systems are robust, reliable, networked, standardised, and integrated into the current computer infrastructure, making them usable and accessible for real-world applications.

Quantum Datacenter Alliance

The Quantum Datacenter Alliance (QDA) was launched in February 2025, connecting prominent quantum computing companies. Its main goal is to speed up the development of commercially viable quantum systems by addressing the complex issues of datacenter quantum computing.

The QDA is detailed below:

Overall Goal and Definition:

The QDA aims to accelerate utility-scale quantum computing. This involves applying quantum technologies beyond the lab for practical applications and profit.

It addresses the biggest quantum infrastructure scaling challenges to make quantum commercially viable.

Origins and Collaboration:

QDA was officially founded in February 2025.

It fosters collaboration on crucial operational and technology issues.

The curriculum promotes teamwork and creativity to integrate ecological viewpoints. Nu Quantum CEO Carmen Palacios-Berraquero called for “collective and purposeful action, along with close collaboration across the industry” to build datacenter-scale solutions.

Key Activities and Focusses:

Industry standards, architectural design, interoperability, benchmarking, and system maturity are promoted by the QDA.

Initial forum discussions focused on datacenter-based quantum computing service characteristics. These included: Quantum processor production and dependability.

Out-scale connectivity techniques.

Scalable quantum error correction codes.

The crucial role of system integrators, including HPC and data centre providers.

Interoperability and interfaces matter.

Accelerating industry and supply chain maturity.

Contacting end users to ensure quantum solutions benefit them.

Like classical computing's “horizontalization,” the QDA advocates a tiered, cooperative quantum approach where many levels must “work together seamlessly for distributed quantum computing.”

Quantum networking, a significant focus, may enable the “real large-scale future of quantum computing distributed throughout the world” and gigantic quantum data centres. Nu Quantum, a founding member, seeks to create a “Entanglement Fabric” for quantum computing scale-out to connect quantum processors and enable datacenter-scale quantum computing.

Members of the founding:

The QDA unites many notable companies, including:

Global technological leader Cisco

The first forum was hosted by distributed quantum computing network Nu Quantum.

NTT DATA offers data centre and IT services, superconducting quantum computing, and QphoX (networked quantum computation via quantum interfaces).

Quantineum (trapped ion quantum computing)

QuEra, neutral-atom quantum computing

Future Outlook:

The QDA plans to continue convening sector leaders at future meetings.

This ongoing effort aims to advance the quantum industry towards scalable, commercially viable quantum computing.