Newsroom
From QMill Newsroom you can find the latest news, interviews, and press releases.
Video: Quantum-powered security
QMill Quantum Security adds an extra layer of security for critical infrastructure (1min).
The dream of quantum computing is both dead and alive
Our Chief Scientist, Professor Mikko Möttönen, is featured in a Bloomberg article, telling his story as a co-founder of IQM in 2018 and then QMill in 2024.
Will quantum overtake AI? Two experts weigh in
Mikko Möttönen was interviewed by Mouser for their quantum computing content series, discussing how quantum and AI compare, and where each is headed.
How qubits set quantum computers apart
Professor and QMill Chief Scientist Mikko Möttönen sheds light on quantum computing and the scientific foundations behind QMill's solutions.
QMill Circuit Compression is now available on qBraid Lab
The AI-powered quantum circuit optimization service is now available as a prepackaged environment on qBraid.
QMill turns a new quantum-powered encryption method into an added layer of security
QMill makes a near-term case for stronger security in existing communications networks.
Podcast in Finnish: Quantum algorithms
QMill joined the Signaali podcast to discuss the development of quantum algorithms.
Compressing Shor's Algorithm
Bryan Siegelwax had a chance to play with QMill Circuit Compression and got an unexpected outcome.
Blog: QMill’s quantum circuits at Junction Quantum Hack 2026
QMill participated in the pioneering Quantum Hack as both a challenge and tech partner. QMill challenge attracted many participants, who worked on the challenge through the QMill Quantum Advantage Services platform.
Telia teams up with QMill on quantum-safe mobile messaging
To the lengthening list of names that could help telcos with their quantum-safe networking strategies, add QMill.
Telia and QMill demonstrate a new quantum-enhanced data encryption method
Press release: Telia and QMill demonstrate a new quantum-enhanced data encryption method for mobile networks
ESL Shipping and QMill explore quantum computing for complex shipping decisions
Press release: ESL Shipping has partnered with QMill to assess quantum computing suitability for optimization problems.
Significant funding for quantum computing projects from Business Finland
Funding granted for ESL Shipping in optimization and QMill in algorithm R&D.
What's a quantum computer good for, anyway?
Scientific American mentions QMill’s AI powered circuit compression as an example of pragmatic tooling, and frames quantum computing as big potential tempered by hard engineering realities.
Finnish invention accelerates quantum revolution
The results of research work are being commercialized very quickly in the field of quantum technology. Professor Möttönen selected as finalist in the prestigious European Inventor Award.
Mikko Möttönen selected as finalist for the Inventor Award
European Patent Office announced Mikko Möttönen as a finalist in the ‘Research’ category of the European Inventor Award 2026.
Forget about AI – This is the next big revolution
Quantum computers are starting to change from science fiction to reality. It is now high time for companies to prepare for the future.
Pekka Lundmark invests in quantum computing: “A unique opportunity”
QMill's board member Pekka Lundmark was interviewed by Huvudstadsbladet about his views on quantum computing.
Top 10 quantum AI startups and companies in 2026
QMill is listed among the top companies that are helping shape the global quantum AI field.
Blog: Unlocking the future of quantum computation - Trust and verifiability
How QMill is approaching classically verifiable quantum advantage.
Video: Mikko Möttönen presenting at Cisco Quantum Summit
The beginning of the story how QMill is unlocking quantum advantage, presented by Mikko Möttönen (10min).
QMill achieves record-breaking quantum circuit compression with LUMI supercomputer
The AI-powered service was trained using the computing resources of the LUMI supercomputer.
Podcast in Finnish: How can a particle pass through a wall?
How quantum mechanical tunneling enables superconducting quantum computers? QMill’s Mikko Möttönen interviewed by Yle Radio.
QMill among the 10 most promising Finnish startups
Inside Finland’s next wave of innovation: 10 promising startups to keep an eye on this 2026!
Finland is trying to poach deep tech talent from abroad
A list of tech open jobs included roles with QMill.
QMill achieves six-fold leap towards quantum advantage with 48 qubits
A six-fold leap towards practical quantum advantage has been achieved by QMill. This breakthrough significantly lowers the bar for demonstrating quantum superiority.
QMill announces a six-fold leap in reaching quantum advantage
Press release: QMill's new simulation results are indicating that its latest quantum algorithm is poised to demonstrate quantum advantage
Diversity creates better technology
Quantum algorithms also benefit from different ways of thinking. Hannu Kauppinen interviewed by TEK.
Video: QMill - A unique workplace to grow and innovate
Our experts are telling what makes QMill a unique place to grow and innovate. (3:27)
Navigating the Future: Top quantum computer software companies to watch in 2025
To use quantum machines, you need the right software. QMill is listed among companies that are really making waves.
QMill and ÉTS strengthen partnership to advance quantum algorithm research
Press release: QMill and Canadian ÉTS collaborate to conduct deep-tech research as well as to test, and benchmark algorithms relevant to real-world challenges together.
Still too many errors – When will quantum computers be useful?
TM: The race toward quantum advantage can be accelerated by controlling the quantum computer with new, unprecedented algorithms.
Blog: QMill had great engagements at Slush – A chance for many to operate a quantum computer for the first time
QMill hosted one of the busiest booths in Slush, alongside a number of private investor meetings.
QMill Circuit Compression launched, utilizing record-breaking AI-powered method
Press release: Launching QMill Circuit Compression, an AI-powered service that makes it easy to compress, run, and compare quantum circuits. The service helps users to reduce gate count and circuit depth typically by 20-50 percent.
Video: QMill - First to unlock quantum advantage
This is QMill's company video, available on YouTube (2:30min).
Blog: QMill sets another record in quantum circuit compression
QMill sets another record in quantum circuit compression with additional gate sets from quantum hardware providers.
Finnish quantum firm breaks world record – Circuits compressed to record-short size
The Finnish company QMill has developed an AI-powered method that compresses quantum circuits to a record-breaking short length.
Quantum shrink magic: How QMill just made quantum computing a little more real
Something big just happened in the world of quantum computing, and it’s the big that’s actually about making things smaller. QMill has announced a breakthrough in quantum circuit compression....
Quantum computing reaches record efficiency with QMill’s algorithms
QMill has achieved a major technological breakthrough in quantum computing optimization. The company has developed an AI-based method for compressing quantum circuits, dramatically reducing the resources required for quantum computation in an unprecedented way.
QMill reports record quantum circuit compression
QMill has developed an AI-driven method that compresses quantum circuits to record-breaking levels, cutting the size of one benchmark circuit to half that achieved by the previous best optimizer.
Blog: QMill sets a world record in quantum circuit compression
By leveraging the latest advances in artificial intelligence, QMill recently developed a record-breaking method for compressing quantum circuits, bringing useful quantum computations closer in time.
Podcast: A quantum leap from Finland to the world
QMill’s founder, Professor Mikko Möttönen, explains why quantum computers are no longer just research toys, but soon the computing power driving the global economy.
Finland's future is secured by a trinity of quantum technology, artificial intelligence, and 6G
Guest Column: The commercial breakthrough of quantum technology is happening now. Finland has a strong opportunity to be at the forefront of this transformation. (In Finnish)
Former Nokia CEO joining Finnish quantum company's board
Former Nokia CEO Pekka Lundmark will join Finnish quantum computing company QMill as an investor and a board member.
Pekka Lundmark, ex-Nokia CEO, is investing in QMill and joining its board
"I have followed quantum technology for a long time and believe that, after AI, it will be the next breakthrough," says Lundmark. (In Finnish)
QMill appoints Antti Vasara as Chairman, Pekka Lundmark to Board of Directors
Press release: Espoo, Finland, 20 August 2025 – QMill, a pioneering quantum-algorithm company based in Espoo, Finland, has appointed Antti Vasara as Chairman and Pekka Lundmark as a member of its Board of Directors.
Quantum computing is a field of the future
Kauppalehti explored what quantum computing means and how one can invest in it. Speakers include Mikko Möttönen from QMill.
ÉTS Announces the Creation of Its New Institute of Quantum Science and Engineering
The École de technologie supérieure (ÉTS) announced the creation of its new Tensor Institute, and a strategic partnership with QMill.
Blog: Lessons from the frontlines - How quantum computing is progressing in 2025
An essential part of my personal entry into the quantum computing world has been getting to know the market and the players. Over the past few weeks, I’ve...
TECH Conference Heilbronn: Five Technological Bets for Visionaries
Handelsblatt presents five tech bets, one of which is the Quantum Advantage. QMill’s Hannu Kauppinen is also interviewed. (Article in German, paywalled.)
Helsinki: Supercomputer – Super strategy? What small Finland is doing right
Finland’s strength lies not in scale, but in strategic clarity. It’s a place where deep tech companies, like QMill, find fertile ground to grow. (Article in German, paywalled.)
Welcome to the fourth edition of Notion Capital’s annual Cloud Challengers Top 100 report
The report aims to identify the very best early-stage business software start-ups in Europe. QMill is named among the Top 100.
QMill develops quantum algorithms for the near future on the LUMI supercomputer
QMill is a Finnish startup company developing quantum algorithms for industrial use on a quantum computer in a 3-5 year timespan.
The quantum technology race – can quantum computers influence superpower politics?
Quantum computers are one of the most significant new technologies that can impact power politics and the balance of power between states.
QDOC kick-off - PhD students enthusiastic at the prospect of achieving real quantum advantage in the near-term
David Karpuk is a Principal Quantum Algorithm Engineer at QMill. Before joining QMill, he held several academic positions and worked as a data scientist. Currently he is developing the mathematics behind QMill’s practical quantum algorithms for the NISQ era.
QMill’s quantum algorithms soon to outperform supercomputers, backed by new investment from Peter Sarlin
QMill is positioning itself at the forefront of the quantum computing sector through its patent-pending verification algorithm, supported by Peter Sarlin, who is joining as an agent investor.
Will Finland's next growth rocket be in artificial intelligence or defense: Talouselämä's list reveals the 10 hottest startups
Talouselämä selected ten promising startups that have gained momentum even in a tougher market.
Finnish quantum company reveals: Supported by well-known AI millionaire – Breakthrough imminent
QMill aims to be the first to commercialize an algorithm that delivers true quantum advantage. The quantum market is estimated to grow into hundreds of billions of euros.
QMill’s algorithm is on the path to solve a real-world problem
Press release: QMill, a pioneering quantum-algorithm company based in Espoo, Finland, is announcing the first results on the efficiency of its new algorithms designed for the near-future quantum computers
Finnish company's invention solves an equation in seconds that is impossible even for a supercomputer
Nokia Technologies' experienced CTO Hannu Kauppinen jumped in to lead a quantum company, which has not had difficulty finding financiers.
QMill at Europe Connected TV series
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.
A new revolution is brewing in the technology sector
Quantum computing is expected to be one of the next technological breakthroughs.
The next wave of Finnish innovation: 10 promising startups to watch in 2025
Founded between 2022 and today, these companies represent the next generation of innovation.
Quantum computing still needs a few more breakthroughs
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 develops quantum algorithms for the near future on the LUMI supercomputer
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.
Quantum technology solutions must be brought to industries today
Finland, and more specifically Espoo, is home to one of the world's most significant clusters of quantum technology.
Quantum technology is an opportunity for Finland's economy, security and influence
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.
Guest podcast with Entreprenerd
Entreprenerd chatted, during Slush 2024, with Hannu Kauppinen, CEO and co-founder of QMill, deep tech finnish startup that's developing quamtum algorithms.
QMill at Slush 2024
Deep Tech Showcase: Mikko Möttönen Co-founder/Chief Scientist & Hannu Kauppinen Co-founder/CEO QMill | Slush 2024
Quantum company QMill raised millions in funding.
Quantum computing promises valuable benefits in optimizing the investment portfolio, for example, says CEO Hannu Kauppinen.
Algorithm startup QMill vows to become ‘first to provide quantum advantage’
The Finnish newcomer just raised €4m 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.
The dream of the four doctors
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.
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.