Finland’s AI research firm QuTwo announced it has closed a €25 million angel round, lifting its post‑money valuation to roughly €325 million (about $380 million). The financing, led by a consortium of high‑profile European investors, follows the company’s strategy of staying privately held while it builds a long‑term AI and quantum‑inspired computing platform.

Founded by former Silo AI chief Peter Sarlin, QuTwo positions its flagship product, QuTwo OS, as an orchestration layer that can dispatch workloads to classical, quantum, or hybrid processors. While the name references quantum computing, the firm emphasizes that most enterprise use cases will benefit from “quantum‑inspired” techniques that run on conventional hardware, delivering quantum‑like performance without the instability of current quantum machines.

The new capital will support QuTwo’s push into enterprise AI services, an area that already accounts for about $23 million in committed revenue through collaborations with companies such as online retailer Zalando, where QuTwo helped create AI‑driven assistants. Sarlin described AI as the company’s “North Star” and said quantum computing is simply a new class of compute that will complement, rather than replace, AI workloads.

QuTwo’s funding round is modest compared with recent European AI unicorns, but it provides the runway to pursue a five‑ to ten‑year roadmap without the pressure of massive Series‑A financing. The investor lineup includes notable figures such as Yuri Milner, Xavier Niel, Nico Rosberg, Dieter Schwarz and Niklas Zennström, as well as executives from firms like Supercell, Skype and Wolt. The backing is expected to open doors across key European sectors—including automotive, life sciences and gaming—where the region already has strong capabilities.

Since its soft launch earlier this year, QuTwo has expanded its team to roughly 50 quantum and AI researchers and opened a new office in Sweden. The firm also benefits from close ties to Finnish quantum hardware company IQM, underscoring its belief that a quantum era is on the horizon. Sarlin, who previously sold Silo AI to AMD for $665 million, reiterated his commitment to building a Europe‑centric AI powerhouse that can compete globally while remaining independent of U.S. tech ecosystems.