Our technology


Quantum computing has the potential to revolutionize global industries. The field is not mature yet, as quantum computers are still under development. Our technology will accelerate the beneficial use of quantum computing with algorithms that are already useful in the current noisy intermediate-scale quantum (NISQ) era.

Bringing the timeline forward


The commercial customer benefits of quantum computing are typically framed as belonging to a distant future, over ten years ahead, relying on technologies yet to be developed. At QMill, our ambition is to bring that moment closer. Using our advanced quantum algorithms, companies and industries will be able unlock quantum advantage for themselves sooner, using hardware that will be available in a few years.

Triggering the era of practical quantum advantage


Current noisy intermediate-scale quantum (NISQ) computers cannot yet successfully execute proven algorithms such as Grover’s or Shor’s algorithm. However, they are already carrying out random quantum computations in a way that classical computers cannot replicate. We expect that soon, NISQ-era computers can carry out select, useful computations for specific use cases faster than supercomputers can.

We will develop algorithms for the first useful NISQ computers and enable quantum advantage for specific business-critical tasks. This will trigger the era of practical quantum advantage.




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.

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.

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