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Nokia Technologies' experienced CTO Hannu Kauppinen jumped in to lead a quantum company, which has not had difficulty finding financiers.

We made our TV appearance yesterday on RTL Nederland as part of their Europe Connected series, which explores startups and innovators across the continent and the challenges they aim to solve.

Quantum computing is expected to be one of the next technological breakthroughs.

Founded between 2022 and today, these companies represent the next generation of innovation.

In recent years, there have been several breakthroughs in quantum computing. How far do we still have to go before humanity enters the era of quantum advantage?

QMill is a Finnish startup company that is developing quantum algorithms for industrial use on a quantum computer of the near future in 3-5 years.

Finland, and more specifically Espoo, is home to one of the world's most significant clusters of quantum technology.

Until a decade ago, many people had not heard of quantum technology or, even if they had, did not consider it important. Now the situation has been turned upside down.

Entreprenerd chatted, during Slush 2024, with Hannu Kauppinen, CEO and co-founder of QMill, deep tech finnish startup that's developing quamtum algorithms.

Deep Tech Showcase: Mikko Möttönen Co-founder/Chief Scientist & Hannu Kauppinen Co-founder/CEO QMill | Slush 2024

Quantum computing promises valuable benefits in optimizing the investment portfolio, for example, says CEO Hannu Kauppinen.

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

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

A new Finnish startup is trying to find a new algorithm that would solve the problem of current quantum computers. That would require a mathematical breakthrough.

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.

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.

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.