FirstQFM announces €1.2M raise to develop foundation models for quantum computing.

FirstQFM has raised €1.2 million in seed funding to develop proprietary foundation models for quantum computing. The round was backed by BSV Ventures, Almi Invest, Further, and Luminar Ventures.

The funding will support development of the company's patent-pending technology and ongoing pilot projects with quantum hardware partners.

FirstQFM builds machine learning foundation models — QFM and QFM+ — that improve performance and scalability across the quantum stack, from the control layer up to algorithms and applications.