The previous company was acquired by AMD for $665 million and then ventured into Quantum AI. The angel investment round for QuTwo gave it a valuation of $380 million.

According to DataInsight Beating monitoring, Finland-based AI lab QuTwo has completed a €25 million (approximately $29 million) angel round, with a post-money valuation of €3.25 billion (approximately $3.8 billion). Founder and Executive Chairman Peter Sarlin, who previously founded Silo AI acquired by AMD for $665 million in 2024, turned down large checks from multiple VCs and strategic investors this time, opting only for angel investment.

QuTwo's flagship product, QuTwo OS, is a computing orchestration layer that can distribute tasks to run on classical chips, quantum processors, or hybrid architectures. Sarlin believes that the current enterprise landscape is better suited for "quantum-inspired" solutions that simulate quantum behavior on classical chips until the true era of quantum hardware arrives, addressing practical problems with this hybrid approach. The company has secured around €20 million in contract revenue, with customers including retail giant Zalando and Finland's largest financial services provider, OP Financial Group.

The lineup of angel investors includes DST Global founder Yuri Milner, French telecom giant Iliad founder Xavier Niel, Skype co-founder Niklas Zennström, Hugging Face co-founder Thomas Wolf, former F1 champion Nico Rosberg, as well as founders from companies like Supercell, Wolt, Miro, and Legora. The team consists of around 50 people, with two other co-founders being former Silo AI Research Lead Kaj-Mikael Björk and IQM co-founder Kuan Yen Tan.

Sarlin admits that Europe failed to produce AI unicorns in the last paradigm shift from CPU to GPU, and QuTwo is now betting on the next shift from GPU to QPU (quantum processor). His choice of a small angel round over a large funding is aimed at preserving five to ten years of long-term research and development freedom.