About us

QMill will trigger the era of practical quantum advantage with new quantum algorithms for the noisy intermediate-scale quantum (NISQ) era.

A world-leading quantum-algorithm developer

We want to engage with the highest-potential customers to demonstrate the benefits of quantum algorithms for their own business.

Our proof-of-concept algorithms can run either on simulators or real, existing noisy intermediate-scale quantum (NISQ) computers.

Our investors & partners

We have acquired EUR 4M in seed funding from three venture capital investors: Maki.vc, Antler and Kvanted. Additionally, we have secured an almost EUR 1M grant from Business Finland, a government-sponsored agency that promotes innovation, trade, and investment in Finland.

Latest news

Algorithm startup QMill vows to become ‘first to provide quantum advantage’

The Finnish newcomer just raised €4mn to develop algorithms that run on near-term quantum computers

QMill, a Finnish quantum computing startup, just raised $4.5 million in seed funding with this pitch deck

QMill, a Finnish quantum startup, has raised seed funding to apply practical use cases in the quantum computing sector.

Kvanttiyhtiö QMill keräsi miljoonarahoituksen

Kvanttilaskenta lupaa rahanarvoista hyötyä esimerkiksi investointiportfolion optimoinnissa, sanoo toimitusjohtaja Hannu Kauppinen.

Neljän tohtorin unelma

Uusi suomalainen startup yrittää löytää uuden algoritmin, joka ratkaisisi nykyisten kvanttitietokoneiden ongelman. Se vaatisi matemaattista läpimurtoa.

Finland-Based QMill Raises $4.5 Million In Seed Funding

QMill, a quantum computing startup, raised $4.5 million in seed funding to develop resource-efficient algorithms for practical industry applications, focusing on finance, telecoms, and logistics.

Finnish startup QMill raises €4 million to deliver near-term industrial quantum advantage

QMill, a pioneering quantum-computing company based in Espoo, Finland, has successfully raised €4 million in seed funding. The funding round was led by Finland-based Maki.vc and Singapore-based VC Antler and joined by industrial technology investor Kvanted.

QMill raises €4m in seed funding

Espoo, Finland, 17 September 2024 – QMill, a pioneering quantum-computing company based in Espoo, Finland, has successfully raised €4 million in seed funding. The funding round was led by Finland-based Maki.vc and Singapore-based VC Antler and joined by industrial technology investor Kvanted. The company also secured a grant of €1 million from Business Finland, a Finnish government agency for innovation, trade, and investment. QMill’s founding team includes Dr. Hannu Kauppinen, Nokia Technologies’ former Chief Technology Officer, Prof. Mikko Möttönen, Professor of Quantum Technology at Aalto University and VTT, Dr. Ville Kotovirta, former head of VTT’s Quantum Algorithms and Software Team and Dr. Toni Annala, an L.E. Dickson Instructor at the University of Chicago, and a former member of the Institute for Advanced Study, Princeton.

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