Overview
QuTwo, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, has reached a valuation of €325 million (approximately $380 million) after raising a €25 million angel round ($29 million). The round signals continued investor appetite for European AI and quantum computing companies, particularly those positioned as sovereign alternatives to U.S. tech providers.
What QuTwo Does
QuTwo’s core product is QuTwo OS, an orchestration layer that routes tasks to classical, quantum, or hybrid computing architectures. The company emphasizes that many enterprise use cases are best served by “quantum-inspired” computing — using classical chips to simulate quantum behavior on more reliable hardware. Sarlin describes QuTwo as an AI company first: “AI is the North Star that we will continue to aim for. Quantum is just a new type of compute.”
Enterprise AI is the primary revenue driver. QuTwo has already secured approximately $23 million in committed revenue through design partnerships, including with retail giant Zalando, for which it developed AI assistants.
Funding and Strategy
Until recently, QuTwo was solely funded through Sarlin’s family office, PostScriptum. The company was not seeking external funding, but strong interest during its soft launch led Sarlin to accept an angel round — while deliberately avoiding venture capital and strategic investors. The decision was partly driven by the geopolitical moment in Europe, where governments and enterprises are increasingly favoring local alternatives to U.S. tech providers.
Sarlin, who serves as QuTwo’s executive chairman, said he had the same approach at his previous company, Silo AI, which AMD acquired for $665 million in 2024. “I had a lot of investors who would have wanted to pour a lot of money into making Silo into Europe’s OpenAI, but I didn’t believe in that play,” he told TechCrunch. QuTwo aims for a five- to ten-year horizon, prioritizing long-term freedom over rapid scaling.
Investors and Team
The angel round includes Yuri Milner, Xavier Niel, Nico Rosberg, Dieter Schwarz, and Niklas Zennström, as well as founders from Hugging Space, Legora, Miro, Skype, Supercell, and Wolt. Sarlin expects these investors to open doors across Europe.
QuTwo has expanded into Sweden and hired approximately 50 quantum and AI scientists. The team includes two other second-time entrepreneurs: Kaj-Mikael Björk, Sarlin’s former cofounder at Silo AI; and Kuan Yen Tan, a cofounder at IQM, the Finnish quantum company set to go