Peter Sarlin's QuTwo reaches $380M valuation in angel round

QuTwo, the Finnish AI lab founded by former AMD Silo AI chief executive Peter Sarlin, reached a valuation of 325 million euros after raising 25 million euros in an angel round. The amounts total approximately 380 million dollars and 29 million dollars. The company's name nods to quantum computing. Its core product, QuTwo OS, serves as an orchestration layer directing tasks to classical, quantum or hybrid architectures. The system uses quantum-inspired computing with classical chips to simulate quantum behavior. Enterprise AI represents the main business. QuTwo secured about 23 million dollars in committed revenue from partnerships such as with Zalando for AI assistants. Sarlin said AI remains the north star, with quantum as a new type of compute. Momentum builds around Europe-based AI labs. David Silver secured 1.1 billion dollars for Ineffable Intelligence last week. QuTwo's valuation stays modest in comparison yet supports its roadmap under less pressure. Sarlin previously led Silo AI to a 665 million dollar acquisition by AMD in 2024. He avoided large funding rounds aimed at making it Europe's OpenAI. The current path enables a five- to 10-year horizon for the next AI paradigm from Europe. QuTwo operated through Sarlin's family office PostScriptum before the round. Strong interest after a soft launch prompted the angel round given Europe's focus on local tech. Investors include Yuri Milner, Xavier Niel, Nico Rosberg, Dieter Schwarz, Niklas Zennstrom and founders from Hugging Space, Legora, Miro, Skype, Supercell and Wolt. The lab expanded to Sweden and hired about 50 quantum and AI scientists. The team includes Kaj-Mikael Bjork and Kuan Yen Tan. QuTwo connects to IQM, the Finnish quantum firm set to go public.