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QuTwo completes €25 million angel round funding, valued at $380 million
CryptoWorld News reports that Finland’s AI laboratory QuTwo has completed a €25 million (approximately $29 million) angel round of funding, with a post-money valuation of €325 million (about $380 million). Founder Peter Sarlin, who previously founded Silo AI, was acquired by AMD for $665 million in 2024. He declined large investments from multiple VCs this time and only accepted angel investment. QuTwo’s core product, QuTwo OS, can allocate tasks to run on classical chips and quantum processors. Sarlin stated that current enterprise scenarios are better suited for solutions that simulate quantum behavior on classical chips, and before the arrival of true quantum hardware, this hybrid approach can address practical problems. The company has currently secured approximately €20 million in contract revenue, with clients including Zalando and Finland’s largest financial services provider, OP Financial Group.