QuTwo, a Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, has reached a valuation of €325 million (approximately $380 million) after closing a €25 million ($29 million) angel round, announced in 2026.
The company’s core product, QuTwo OS, is an orchestration layer that routes tasks to classical, quantum, or hybrid computing architectures. Rather than committing fully to quantum hardware, QuTwo focuses on “quantum-inspired” computing — using classical chips to simulate quantum behavior on more reliable infrastructure. Sarlin has been explicit about the company’s identity: “AI is the North Star that we will continue to aim for. Quantum is just a new type of compute.”
Enterprise AI is QuTwo’s primary revenue focus. The company has already secured approximately $23 million in committed revenue through design partnerships, including one with retail platform Zalando, for which it developed AI assistants. QuTwo recently expanded into Sweden and has grown its team to around 50 quantum and AI scientists. The team includes Kaj-Mikael Björk, Sarlin’s former co-founder at Silo AI, and Kuan Yen Tan, a co-founder at Finnish quantum company IQM.
Until recently, QuTwo was funded solely through Sarlin’s family office, PostScriptum. The decision to raise externally came after the lab’s soft launch drew significant interest. Sarlin chose to accept angel investment rather than VC or strategic funding, citing both the geopolitical moment in Europe and a preference for long-term independence. “We are on a mission to build the globally leading AI company for the next paradigm, given that Europe did not succeed in building the AI company for this era,” he said.
The angel round includes investors such as Yuri Milner, Xavier Niel, Nico Rosberg, Dieter Schwarz, and Niklas Zennström, along with founders from companies including Skype, Supercell, Wolt, and Miro. Sarlin said these relationships could help open doors across Europe as QuTwo pursues a five- to ten-year development horizon.
Source: TechCrunch