QuTwo secures €25M angel round, hits $380M valuation
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- QuTwo raised a €25 million angel round, valuing the Finnish AI lab at €325 million (~$380 million).
- QuTwo OS is an orchestration layer that routes tasks to classical, quantum, or hybrid hardware, emphasizing quantum‑inspired computing on classical chips.
- QuTwo has secured $23 million in committed revenue from design partnerships, notably with retailer Zalando for AI assistants.
- Peter Sarlin, former AMD Silo AI CEO and executive chairman of QuTwo, previously sold Silo AI to AMD for $665 million in 2024.
- QuTwo’s angel investors include Yuri Milner, Xavier Niel, Nico Rosberg, Dieter Schwarz, Niklas Zennström, and founders of companies such as Hugging Face and Supercell.
- QuTwo expanded into Sweden, hired roughly 50 quantum and AI scientists, and added co‑founders Kaj‑Mikael Björk and Kuan Yen Tan (from IQM) to its leadership.
- QuTwo aims for a 5‑10‑year horizon to become Europe’s leading AI company for the next computing paradigm, leveraging the region’s push for local tech alternatives.
Why it matters: QuTwo’s €25 million angel financing gives it runway to scale its quantum‑inspired AI platform, benefits enterprise partners like Zalando, and strengthens Europe’s bid for home‑grown AI champions, while investors such as Yuri Milner and Xavier Niel gain a foothold in the continent’s emerging quantum‑AI ecosystem.
