IQM Expands to South America with On-Premises QPU Sale to Brazil’s Eldorado Research Institute
IQM Quantum Computers is expanding into South America by selling an on-premises IQM Spark system to Brazil's Eldorado Research Institute, set for…
Superconducting quantum computing platform provider IQM Quantum Computers (Nasdaq: IQMX) has signed a purchase agreement with the Eldorado Research Institute to deploy its first quantum computer in South America. Under the contract, IQM will deliver an on-premises IQM Spark system to Eldorado’s headquarters in Campinas, Brazil, in Q1 2027, marking the first quantum computer acquisition by a private research institution in the country.
The hybrid deployment model pairs the physical, on-premises IQM Spark system with cloud-based remote access to IQM’s 54-qubit quantum processing unit (QPU) hosted in Europe. Located adjacent to the State University of Campinas (Unicamp) within Brazil's primary technology cluster, Eldorado will open the platform to its regional network of universities, startups, and industrial partners across the automotive, energy, oil and gas, fintech, agribusiness, and healthcare sectors to develop domain-specific quantum algorithms and explore hybrid HPC-AI-quantum workflows.
[ IQM & Eldorado Research Institute Deployment Framework ] | ||
Hardware & Cloud Architecture | Institutional & Regional Footprint | Commercial Growth Context |
• On-Premises: IQM Spark System (Q1 2027) | • Target Site: Eldorado HQ (Campinas, Brazil) | • Order Backlog: €102 Million (August 2026) |
• Cloud Tier: Remote 54-Qubit European QPU | • Ecosystem Anchor: Unicamp Tech Cluster Hub | • Commercial Track Record: 26 Sold / 17 Delivered |
• Integration Focus: Hybrid HPC, Quantum & AI | • Target Domains: Oil & Gas, Agribusiness, Energy | • Global Presence: First System in South America |
The transaction follows accelerated global commercial momentum for Espoo-based IQM. Building on a reported €102 million order backlog as of August 2026, the company has sold 26 full-stack systems and delivered 17 globally, reinforcing its position as a leading exporter of on-premises superconducting quantum hardware.
Review the official news announcement via IQM Quantum Computers here.
September 17, 2026
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