QuTwo, Peter Sarlin's AI lab, valued at €325 million (approximately $380 million) after €25 million angel round

QuTwo raised a €25 million ($29 million) angel round, valuing the Finnish AI lab at €325 million (approximately $380 million). The round was led by investors including Yuri Milner, Xavier Niel, Nico Rosberg, Dieter Schwarz, and Niklas Zennström, plus founders from companies including Hugging Space, Legora, Miro, Skype, Supercell, and Wolt.

QuTwo's core product, QuTwo OS, is an orchestration layer that directs tasks to classical, quantum, or hybrid architectures. The company describes itself as an AI company pursuing quantum-inspired computing, which uses classical chips to simulate quantum behavior on more reliable hardware.

QuTwo has already secured some $23 million in committed revenue through design partnerships with companies such as retail giant Zalando. The company expanded into Sweden and has hired approximately 50 quantum and AI scientists, including Kaj-Mikael Björk (former cofounder at Silo AI) and Kuan Yen Tan (cofounder at Finnish quantum company IQM).