After selling the previous company for 665 million to AMD to develop quantum AI, QuTwo's angel round was valued at $380 million.

According to Beating Monitoring, Finland’s AI lab QuTwo has completed a €25 million seed round (approximately $29 million), with a post-investment valuation of €325 million (approximately $380 million). Peter Sarlin, founder and Executive Chairman, previously founded Silo AI, which was acquired by AMD in 2024 for $665 million; this time, he actively declined large checks from multiple VCs and strategic investors, accepting only angel investment.

QuTwo’s core product, QuTwo OS, is a computing orchestration layer that can allocate tasks to run on classical chips, quantum processors, or hybrid architectures. Sarlin believes that today’s enterprise scenarios are better served by “quantum-inspired” approaches that simulate quantum behavior using classical chips. Before the era of truly quantum hardware arrives, this hybrid path can already solve real-world problems. The company has currently secured around €20 million in contract revenue, with customers including retailer Zalando and OP Financial Group, the largest financial services provider in Finland.

The angel investor roster includes DST Global founder Yuri Milner; Iliad founder Xavier Niel, the French telecom giant; Skype co-founder Niklas Zennström; Hugging Face co-founder Thomas Wolf; former F1 champion Nico Rosberg; and founders from companies including Supercell, Wolt, Miro, and Legora. The team is about 50 people, and the two other co-founders are Kaj-Mikael Björk, former research lead at Silo AI, and Kuan Yen Tan, co-founder of IQM.

Sarlin candidly admits that during the last paradigm shift from CPU to GPU, Europe failed to produce top AI companies. QuTwo’s bet is on the next transition—from GPU to QPU (quantum processing unit). He chose a small angel seed round rather than a large-scale funding round to preserve five to ten years of long-term R&D flexibility.