"Qutwo, the Helsinki-based quantum-classical orchestration company that emerged from stealth in February, has closed an angel round at a valuation of approximately $380m. The company is roughly three months out of stealth and has no commercially shipping quantum hardware."
"Peter Sarlin comes into Qutwo with one of Europe's strongest recent AI founder records. He co-founded Silo AI in Helsinki in 2017, then sold it to AMD in 2024 in a $665m cash deal."
"Qutwo's pitch is not that quantum computing is ready today. It is that enterprises need to prepare for the future by starting to run workloads in a hybrid classical/quantum-inspired environment."
Qutwo, a quantum-classical orchestration company from Helsinki, has raised $380m in an angel round just three months after emerging from stealth. The company offers Qutwo OS, a software layer enabling enterprises to run workloads in a hybrid classical and quantum-inspired environment. Founder Peter Sarlin, known for co-founding Silo AI and selling it to AMD for $665m, has established a strong track record in AI. Qutwo's valuation reflects Sarlin's previous success and the anticipation of future quantum hardware readiness.
Read at TNW | Quantum-Tech
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