Quantum Systems has raised $1.2 billion at an $8 billion valuation, while IQM becomes the first European quantum company to list on a major US exchange. This development is part of a larger trend of significant funding and investment in European startups, with over 55 tech funding deals worth over €1.6 billion in June. The European startup ecosystem is experiencing rapid growth, with notable acquisitions, mergers, and investments in various sectors.

Google and other companies are developing classical computing infrastructure to support the growth of quantum computers, which require dedicated classical hardware to operate. Quantum computers promise to solve complex problems, but their reliability depends on classical computing. Companies like Nvidia, IBM Quantum, and Google Quantum AI are working on classical hardware and software to support quantum computing.