QuTwo raises €25M angel round at €325M valuation

QuTwo, a Finnish AI lab, has raised a €25 million ($29 million) angel round. The funding values the company at approximately €325 million (approximately $380 million). The startup is developing QuTwo OS, an orchestration layer—which is software that directs tasks to different computing architectures, such as classical, quantum, or hybrid systems. Its core product focus is on “quantum-inspired” computing, a method that uses classical chips to simulate quantum behavior on more reliable hardware. Enterprise AI is the company’s primary focus, and it has already secured some $23 million in committed revenue. This revenue is supported by design partnerships with companies such as Zalando, where QuTwo helped develop AI assistants.

Peter Sarlin, the founder and executive chairman of QuTwo, is positioning the company for a long-term horizon of five to ten years. This contrasts with the rapid, high-capital strategies of other European AI labs. For instance, last week, Ineffable Intelligence, an AI lab founded by David Silver, secured $1.1 billion. Ami Labs, founded by Yann LeCun, raised $1.03 billion. Sarlin, who is also an investor in Ami Labs and the venture Recursive Superintelligence, previously founded Silo AI—which AMD acquired for $665 million in 2024. He noted that he avoided the high-funding path for QuTwo. “I had a lot of investors who would have wanted to pour a lot of money into making Silo into Europe’s OpenAI, but I didn’t believe in that play,” Sarlin said. He added that while Europe did not succeed in building the leading AI company for the current era, QuTwo aims to build one for the next paradigm.

Until recently, QuTwo was funded through Sarlin’s family office, PostScriptum, which also incubated NestAI. While NestAI raised some $115 million in a round led by Finland’s sovereign fund and Nokia, Sarlin opted for an angel round for QuTwo following interest from its soft launch earlier this year. The company recently expanded into Sweden and has been hiring. According to Sarlin, some 50 quantum and AI scientists have joined the team, which includes co-founders Kaj-Mikael Björk and Kuan Yen Tan. The angel investor group backing the company includes:

• Yuri Milner
• Xavier Niel
• Nico Rosberg
• Dieter Schwarz
• Niklas Zennström

Why it matters

QuTwo’s funding highlights the continued investor appetite for European-made AI and sovereign technology, even as the market shifts toward more specialized, long-term infrastructure plays.