Quanscient, a Tampere, Finland-based cloud and quantum computing-powered multiphysics simulation technology provider, raised €3.9M in Seed funding.
The round was led by Maki.vc and includes €446K of non-equity funding from Business Finland, including a quantum research grant and R&D loan.
The company intends to use the funds to further accelerate product development and expansion.
Founded by Juha Riippi, Alexandre Halbach, Asser Lähdemäki, and Valtteri Lahtinen in 2021, Quanscient is a provider of cloud-and-quantum-powered multiphysics simulation software that works on R&D with accurate digital prototypes. Cloud-based simulations speed up the R&D processes in, for example, fusion energy, electric motors, and 5G technology. By enabling faster and more precise simulations, companies can accelerate their product’s time-to-market. In addition to cloud computing simulation, the company is building quantum computing algorithms to accelerate simulations.
The technology has been piloted with some companies such as Intel.
FinSMEs
20/04/2023