Our product


QMill develops quantum-advantage algorithms which will be executed on near-term quantum computers to solve complex problems that are too large for existing supercomputers. Quantum algorithms are programs that can be run as quantum circuits in a quantum computer. Running useful quantum circuits on supercomputers is exponentially difficult, which gives a significant advantage to quantum computers.

Gain your quantum advantage


Quantum computing will provide a significant competitive advantage for companies that apply complex computational modeling for optimization, data analytics, and forecasting in their business. QMill will trigger the era of practical quantum advantage to help create world-leading businesses.


How it works


Objective

We are dedicated to identifying problem domains where quantum advantages are likely to be realized in the near term and to develop specialized quantum algorithms tailored to these challenges.


Mission


Our primary focus is on addressing complex optimization challenges across diverse industries, positioning quantum computing as a transformative tool for contemporary business applications.


Target Sectors

We are particularly focused on sectors including finance, telecommunications, real estate, energy, and supply chain logistics.


Collaboration Opportunities

If your organization faces a significant, high-impact problem in any of these domains, we invite you to collaborate with us on a proof-of-concept project to explore quantum-based solutions.


Partnerships in specific domains

Additionally, our algorithms have potential as efficient subroutines in the development of new materials, and we are actively seeking partnerships in this area.

Latest news

The Finnish newcomer just raised €4mn 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.

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

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

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.

Do you want to know more about our technology or the latest research on quantum algorithms?

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