IQM Quantum Computers has appointed Barbara Venneman, former Global Head of Deloitte Digital and current Vanguard Board Director, to its Board of Directors. The move strengthens the company's expertise in digital transformation, enterprise technology commercialization, and global business scaling as it prepares for a planned Nasdaq listing. Additionally, CEO and Co-founder Jan Goetz has replaced Co-founder Juha Vartiainen as the Founder representative on the IQM Board.

Venneman brings over three decades of experience in digital transformation, AI, and enterprise technology. She most recently served as Global Head of Deloitte Digital and held senior global leadership roles, including Global Chief Growth Officer and Global Marketing, Sales & Service Leader. Her appointment is aimed at supporting IQM's commercial expansion in the U.S. and global markets as the company advances toward fault-tolerant quantum computing.

Strategic Leadership Transition

The Board restructuring sees Vartiainen stepping down as the Founder representative, with Goetz assuming the role. Sierk Poetting, Chairman of IQM's Board of Directors, highlighted Venneman's track record in scaling global technology businesses and guiding enterprises through transformative change. He expressed confidence that her experience in enterprise technology commercialization, AI, and governance would be invaluable as IQM enters public markets.

Path to Public Listing

IQM is advancing toward a Nasdaq listing through a business combination with Real Asset Acquisition Corp. (NASDAQ: RAAQ). The company recently announced increased commitments to its Private Investment in Public Equity (PIPE), driven by upsized investor demand. The registration statement on Form F-4 relating to the business combination has been declared effective by the SEC.

Company Overview

IQM Quantum Computers is a global leader in superconducting quantum computers, delivering full-stack quantum computers and cloud platform access. Founded in 2018 and headquartered in Finland with major operations in Munich, the company has over 400 employees. IQM operates across Europe, Asia, and North America, offering on-premises deployment models that give customers direct ownership and control of their quantum infrastructure.

The Italian Research Centre on High Performance Computing, Big Data, and Quantum Computing (ICSC) inaugurated the IQM Radiance 54 quantum computer at CINECA, one of Europe's leading supercomputing centers. The system, named NOX, is being integrated into Leonardo, one of the world's fastest supercomputers, to support hybrid high-performance computing and quantum workflows. This installation marks the second IQM quantum computer to be operational in Italy and the first on-premises superconducting quantum computer at CINECA.

The 54-qubit processing unit is designed to enable advanced applications in optimization, simulation, and machine learning. The deployment is located at the CINECA headquarters in the DAMA Tecnopolo in Bologna. The objective is to provide researchers with a production-ready environment for experimentation with integrated classical–quantum computing paradigms.

Sylwia de Weydenthal, Chief Commercial Officer of IQM Quantum Computers, stated that the delivery of IQM Radiance to CINECA is a milestone for Italy and for European quantum computing. She emphasized that the installation represents "Production Quantum," defined as quantum computers that customers own, operate, and build value on within real environments.

Anna Maria Bernini, Italian Minister of University and Research, highlighted the investment in a modern national infrastructure to provide universities and research institutions with advanced computing tools. She noted that several measures have been launched to ensure continuity of PNRR results and activities, further strengthening the infrastructure and supporting the transfer of advanced applications to industry and public administration.

Antonio Zoccoli, President of the ICSC and the National Institute for Nuclear Physics (INFN), remarked that the system strengthens digital sovereignty and supports national competitiveness. He emphasized the resource's importance in the geopolitical and energy landscape to build an alternative to U.S. technological offerings.

Francesco Ubertini, Vice-President of the ICSC and President of CINECA, described the addition of SOL and LISA as delivering an integrated ecosystem around Leonardo. He attributed the milestone to a strong national commitment by Italy, aligning with EuroHPC to strengthen Europe's technological sovereignty.

Key Details of the Deployment

IQM has on-premises systems operating at four of the world's top ten supercomputing centers and has sold 23 quantum computers globally. The company has previously announced its ongoing business combination with Real Asset Acquisition Corp (NASDAQ: RAAQ), which will result in IQM becoming a public company in mid-2026.