Quanscient Secures €5.2 Million in Funding
Quanscient, a Tampere, Finland-based company specializing in cloud-based multiphysics simulation technology and quantum algorithms, has secured €5.2 million in funding.
Quanscient, a Tampere, Finland-based company specializing in cloud-based multiphysics simulation technology and quantum algorithms, has secured €5.2 million in funding.
Investors
The round was led by Crowberry Capital and joined by Speen Holding, with follow-on investments from Finnish early-stage venture capital firms Maki.vc and First Fellow. To date, Quanscient has raised €9.9M in total funding.
Crowberry Capital, a venture capital firm with offices in Reykjavík, Copenhagen, and Stockholm, invests in seed and early-stage startups across the Nordics. Its mission is to support people who are good for companies and to build companies that are good for people.
Quanscient Use of Funds
The company will use the funds to advance engineering simulations into the quantum era.
About Quanscient
Founded in 2021 by Juha Riippi, Alexandre Halbach, Asser Lähdemäki, and Valtteri Lahtinen, Quanscient offers a simulation platform that combines cloud-native multiphysics solvers with quantum algorithm integration. Their technology is designed to meet the demands of industries requiring highly complex simulations, such as fusion energy, next-generation telecommunications (6G/7G), advanced semiconductors, biomedical engineering, automotive, and aerospace. The company partners with leading tech companies like AWS, IBM, Intel, and various quantum hardware providers.
Funding Details
Company: Quanscient Oy
Raised: €5.2M
Round: Unknown
Funding Date: November 2024
Lead Investor: Crowberry Capital
Additional Investors: Speen Holding, Maki.vc, First Fellow
Company Website: https://quanscient.com/
Software Category: Multiphysics Simulation Solution
