https://techcrunch.com/2022/07/22/climate-vc-world-fund-quantum-computing-iqm/

World Fund, a newcomer in climate-VC land, is taking the lead in a $128 million round for IQM, with hopes the Finnish quantum computing company will one day deliver carbon cuts by the megatonne.

Quantum computing trades the bits of conventional computers for quantum bits, and in theory, quantum machines may be better suited for solving some highly complex problems in fields like chemistry and machine learning. IQM argues its tech could also move the needle on climate, but there is cause to be skeptical of the industry on the whole; we’ve seen a lot of hype around quantum computing startups, and yet the field mostly remains stuck in labs today.