Qutwo raises €25M at €325M valuation

Qutwo is an AI and quantum software company in Helsinki, self-described 'AI lab for the quantum era'; its core product Qutwo OS is an orchestration layer that manages AI workloads across classical, quantum-inspired, and quantum hardware, and provides production-grade data pipelines, monitoring, and inference services.

Bet that enterprises will pay now for AI orchestration across classical and quantum hardware, not wait for quantum maturity. If not, contracts may be fleeting.

€25M angel round (2026-05), post-money valuation €325M (about $382M); investors include Yuri Milner, Xavier Niel, Niklas Zennström, founders of Hugging Face/Supercell/Wolt, and European family offices.

After AMD acquired Silo AI for $665M in 2024, founder Peter Sarlin incubated a new company within the family office PostScriptum; Qutwo was officially launched in 2026-02, with co-founders including Silo AI co-founder Kaj-Mikael Björk and quantum hardware company IQM co-founder Kuan Yen Tan, a team of 50+ scientists and engineers, and former Nokia (诺基亚) CEO Pekka Lundmark joining the board.

Within two months of launch, Qutwo won contracts worth €20M+: it is working with Zalando to develop AI lifestyle agents, and with Finnish financial group OP Pohjola on financial modeling and risk management; in 2026-05 it announced completion of a €25M angel round, valuation €325M, with investors including Yuri Milner, Xavier Niel, Niklas Zennström, founders of Hugging Face/Supercell/Wolt, and European family offices, and open-sourced Miles (a tool for large-scale reinforcement learning).

Still in progress: after the funding, Qutwo plans to expand Qutwo OS to support more models and hardware types, expand the team and managed inference services; competitors Classiq and Zapata take the enterprise quantum application route, while Qutwo emphasizes neutral orchestration across Nvidia (英伟达), AMD, Intel, Google TPU, and quantum chips.

Previous exit gave leverage: Silo AI sold to AMD for $665M, enabling contract-first, fundraise-later.

Bets on intermediate state: quantum-inspired and classical hardware deliver value now, betting orchestration persists.

Fast contracts validate demand: €20M+ in two months from Zalando and OP Pohjola.

European sovereignty story: former Nokia CEO on board, European backers, 'Europe's quantum AI platform'.

Sell the intermediate state now, not the future. Qutwo signed €20M contracts in two months by offering cross-hardware orchestration, then used capital to standardize it.

As of 2026-09-01, after the €25M angel round (2026-05, valuation €325M), Qutwo expands Qutwo OS, team, and managed inference. Website still claims 'Europe's next-generation AI lab for the quantum world'. Latest numbers: €20M+ contracts, 50+ scientists, partners Zalando and OP Pohjola. Risks: quantum timeline and possible absorption by cloud providers.