IQM
Listed · Nasdaq · IQMXNot ranked by UbackUback segment Industrial, deeptech & space › Quantum › Quantum computers
Finnish maker of superconducting quantum computers sold to computing centres and through the cloud.
Market value on the ranking date
Market capUSD 1.8bn · Oct 2026
ListingNasdaq · IQMX
CountryFinland
Published figures
IQM and its private challengers · Quantum computers
Non-listed quantum computers companies ranked by Uback, with IQM and the other listed pure players shown in grey at their market value on the ranking date (22 Oct 2026). Listed companies are never ranked.
| # | Company | Valuation | |
|---|---|---|---|
| — | IonQUnited States · Listed · NYSE · IONQ | USD 13bnMarket cap · Oct 2026 | |
| — | QuantinuumUnited States · Listed · Nasdaq · QNT | USD 9.7bnMarket cap · Oct 2026 | |
| 1 | PsiQuantumUnited States | ≈ USD 7bnUnicorn · AI estimate | Back |
| — | D-Wave QuantumUnited States · Listed · NYSE · QBTS | USD 4.6bnMarket cap · Oct 2026 | |
| — | Rigetti ComputingUnited States · Listed · Nasdaq · RGTI | USD 4bnMarket cap · Oct 2026 | |
| — | XanaduCanada · Listed · Nasdaq · XNDU | USD 2.8bnMarket cap · Sep 2026 | |
| — | InfleqtionUnited States · Listed · NYSE · INFQ | USD 2.6bnMarket cap · Oct 2026 | |
| 2 | Origin QuantumChina | ≈ USD 2.1bnUnicorn · AI estimate | Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers. You can still declare an interest in this segment → |
| 3 | PhotonicCanada | ≈ USD 2bnUnicorn · AI estimate | Back |
| — | IQMFinland · Listed · Nasdaq · IQMX | USD 1.8bnMarket cap · Oct 2026 | |
| — | Quantum Computing Inc.United States · Listed · Nasdaq · QUBT | USD 1.8bnMarket cap · Sep 2026 | |
| 4 | Oxford Quantum CircuitsUnited Kingdom | ≈ USD 1.8bnUnicorn · AI estimate | Back |
| 5 | Nord QuantiqueCanada | ≈ USD 1.4bnUnicorn · AI estimate | Back |
| — | PasqalFrance · Listed · Nasdaq · PSQL | USD 1.3bnMarket cap · Oct 2026 | |
| 6 | SEEQCUnited States | ≈ USD 1bnUnicorn · AI estimate | Back |
| 7 | QuantWareNetherlands | ≈ USD 920MHundreds of M$ · AI estimate | Back |
| 8 | Quantum MotionUnited Kingdom | ≈ USD 830MHundreds of M$ · AI estimate | Back |
| 9 | Quantum ArtIsrael | ≈ USD 720MHundreds of M$ · AI estimate | Back |
| 10 | SpinQChina | ≈ USD 720MHundreds of M$ · AI estimate | Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers. You can still declare an interest in this segment → |
| 11 | QBosonChina | ≈ USD 710MHundreds of M$ · AI estimate | Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers. You can still declare an interest in this segment → |
| 12 | Quantum MachinesIsrael | ≈ USD 700MHundreds of M$ · AI estimate | Back |
| 13 | QuoblyFrance | ≈ USD 690MHundreds of M$ · AI estimate | Back |
| 14 | Alice & BobFrance | ≈ USD 540MHundreds of M$ · AI estimate | Back |
| 15 | Atom ComputingUnited States | ≈ USD 520MHundreds of M$ · AI estimate | Back |
| 16 | Universal QuantumUnited Kingdom | ≈ USD 520MHundreds of M$ · AI estimate | Back |
| 17 | eleQtronGermany | ≈ USD 320MHundreds of M$ · AI estimate | Back |
| 18 | Quantum CircuitsUnited States | ≈ USD 310MHundreds of M$ · AI estimate | Back |
| 19 | Nu QuantumUnited Kingdom | ≈ USD 310MHundreds of M$ · AI estimate | Back |
| 20 | Equal1Ireland | ≈ USD 310MHundreds of M$ · AI estimate | Back |
| 21 | planqcGermany | ≈ USD 280MHundreds of M$ · AI estimate | Back |
| 22 | QuandelaFrance | ≈ USD 280MHundreds of M$ · AI estimate | Back |
| 23 | Quantum SourceIsrael | ≈ USD 260MHundreds of M$ · AI estimate | Back |
| 24 | OptQCJapan | ≈ USD 230MHundreds of M$ · AI estimate | Back |
| 25 | Maybell QuantumUnited States | ≈ USD 210MHundreds of M$ · AI estimate | Back |
| 26 | QpiAIIndia | ≈ USD 170MHundreds of M$ · AI estimate | Back |
| 27 | Sparrow QuantumDenmark | ≈ USD 170MHundreds of M$ · AI estimate | Back |
| 28 | QbloxNetherlands | ≈ USD 130MHundreds of M$ · AI estimate | Back |
| 29 | QuamCoreIsrael | ≈ USD 130MHundreds of M$ · AI estimate | Back |
| 30 | Q-FactorIsrael | ≈ USD 120MHundreds of M$ · AI estimate | Back |
| 31 | Qilimanjaro Quantum TechSpain | ≈ USD 110MHundreds of M$ · AI estimate | Back |
| 32 | Quantum BrillianceAustralia | ≈ USD 100MHundreds of M$ · AI estimate | Back |
| 33 | C12 Quantum ElectronicsFrance | ≈ USD 100MHundreds of M$ · AI estimate | Back |
| 34 | Orange Quantum SystemsNetherlands | ≈ USD 91MTens of M$ · AI estimate | Back |
| 35 | QuiX QuantumNetherlands | ≈ USD 88MTens of M$ · AI estimate | Back |
| 36 | QolabUnited States | ≈ USD 83MTens of M$ · AI estimate | Back |
| 37 | SemiQonFinland | ≈ USD 81MTens of M$ · AI estimate | Back |
| 38 | kiutraGermany | ≈ USD 78MTens of M$ · AI estimate | Back |
| 39 | ORCA ComputingUnited Kingdom | ≈ USD 77MTens of M$ · AI estimate | Back |
| 40 | DiraqUnited States | ≈ USD 72MTens of M$ · AI estimate | Back |
| 41 | Nanofiber Quantum TechnologiesJapan | ≈ USD 72MTens of M$ · AI estimate | Back |
| 42 | QubitcoreJapan | ≈ USD 53MTens of M$ · AI estimate | Back |
| 43 | QphoXNetherlands | ≈ USD 45MTens of M$ · AI estimate | Back |
| 44 | EeroQUnited States | ≈ USD 37MTens of M$ · AI estimate | Back |
| 45 | WelinqFrance | ≈ USD 28MTens of M$ · AI estimate | Back |
| 46 | YaqumoJapan | ≈ USD 25MTens of M$ · AI estimate | Back |
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Figures as published by the company and market data, at the date shown.
Uback is a content publisher. It ranks non-listed companies only and gives no opinion on listed companies: the figures above are facts as published, at the date shown, never a recommendation. No intention can be declared on a listed company. Method