Qutwo lands €25M angel round to bridge AI and quantum compute

The AI Continent Action Plan, launched by the European Commission in April 2025, places compute infrastructure at the top of Europe's AI strategy. The Commission's one-year progress note, published in April 2026, reports adoption as the next-phase priority. With only 13.5% of EU companies currently using AI, according to the Commission's own figures, the challenge is not just hardware capacity, but also the orchestration layer that connects it to live enterprise workloads.

Founded in Helsinki in 2026 by Peter Sarlin (Co-Founder & CEO of Silo AI until its sale to AMD for $665 million in 2024), Kaj-Mikael Björk (Co-Founder and Head of Research at Silo AI) and Kuan Yen Tan (Co-Founder & CTO of IQM Quantum Computers), Qutwo is building that layer. Its product, Qutwo OS, routes enterprise AI workloads across heterogeneous backends, including GPU clusters, quantum-inspired solvers, and early gate-based quantum hardware, choosing the most efficient path for each task.

The Helsinki firm secured €25 million in an angel round at a post-money valuation of €325 million, with Yuri Milner, Xavier Niel, Ilkka Paananen (Supercell), Max Junestrand (Legora), Thomas Wolf (Hugging Face) and founders from the Schwarz Group, Index Ventures and Atomico participating. Since launching in February 2026, Qutwo has reported over €20 million in contracted revenue, including a design partnership with Zalando on retail agents and a joint research programme with OP Pohjola in financial services. The capital will fund platform development and expansion of its team of scientists.

Sources: Qutwo | European Commission, AI Continent Action Plan milestones | Crunchbase

Founders: Peter Sarlin, Kaj-Mikael Björk, Kuan Yen Tan