FirstQFM

First QFM AB, located in Sweden, focuses on quantum technology, providing innovative solutions to enhance the performance of quantum computing systems through proprietary advancements in hardware and software integration. Founded in 2025, First QFM AB specializes in quantum technology applications. The company is headquartered in Stockholm, Sweden. In October 2025, it successfully raised EUR 1.

2 million in a pre-seed funding round led by Baltic Sandbox Ventures, with participation from ALMI Invest and Luminar Ventures. The total amount raised to date is EUR 1. 2 million. The founder's specific background is not disclosed, nor are additional companies linked to them.

FirstQFM's core offerings revolve around its patent-pending technology designed to enhance performance across various layers of the quantum computing stack. This technology specifically targets improvements in quantum computing hardware by reducing gate execution times, enhancing gate fidelity, and bolstering resilience to noise. The end-use cases of their solutions are diverse, addressing critical challenges in industries such as finance, chemistry, mobility, optimization, and life sciences, thereby enabling businesses to tackle previously unattainable problems. FirstQFM collaborates with hardware developers and enterprises to develop tailored solutions that align with their technological and business objectives.

Their products are marketed primarily in Europe and North America, serving a client base that includes both public institutions and private enterprises engaged in advanced computational tasks. FirstQFM's revenue model centers around partnerships and collaborative engagements with enterprises and hardware developers, focusing on B2B transactions. The company structures its transactions through joint development agreements, where clients leverage FirstQFM’s technology to enhance their quantum computing capabilities. While specific pricing plans for individual services are not publicly disclosed, the offerings are based on project scopes and partnership arrangements that reflect the unique requirements of each client.

Customers may engage in long-term contracts or subscription models that provide ongoing access to FirstQFM’s advanced quantum computing solutions. As the technology landscape evolves, the firm aims to establish itself as a key player in the quantum computing sector, fostering long-term relationships with its clients. In October 2025, First QFM AB raised EUR 1. 2 million in pre-seed funding to accelerate the development of its patent-pending AI foundation models and enhance quantum computing performance and scalability.

The company is focused on launching new products designed to improve quantum computing systems in the near future. Additionally, there are plans to expand into new geographic markets, specifically targeting regions across Europe and North America by 2026.