QuTwo AI Lab Hits $380M Valuation in Angel Round
QuTwo, an AI laboratory from Finland established by Peter Sarlin, the former CEO of AMD Silo AI, has reached a valuation of €325 million ($380 million) following a €25 million ($29 million) angel investment round. Its flagship product, QuTwo OS, serves as an orchestration layer that manages tasks across classical, quantum, or hybrid systems, targeting enterprise AI. The company has secured $23 million in guaranteed revenue through collaborations with clients, including Zalando, for whom it created AI assistants. Sarlin, now the executive chairman, clarified that QuTwo is focused on AI rather than being solely a quantum computing entity. The angel round attracted notable investors such as Yuri Milner and Xavier Niel, and QuTwo has recently expanded into Sweden, employing approximately 50 experts in quantum and AI.
Key facts
- QuTwo valued at €325 million ($380 million) after €25 million ($29 million) angel round.
- Founded by Peter Sarlin, former AMD Silo AI CEO.
- Core product QuTwo OS orchestrates classical, quantum, or hybrid computing tasks.
- Secured $23 million committed revenue from partnerships including Zalando.
- Angel investors include Yuri Milner, Xavier Niel, Nico Rosberg, Dieter Schwarz, Niklas Zennström.
- Expanded into Sweden; hired ~50 quantum and AI scientists.
- Key hires: Kaj-Mikael Björk (Silo AI cofounder) and Kuan Yen Tan (IQM cofounder).
- Previously funded by Sarlin's family office PostScriptum, which also incubated NestAI.
Entities
Institutions
- QuTwo
- AMD
- Silo AI
- Zalando
- TechCrunch
- PostScriptum
- NestAI
- Nokia
- IQM
- Hugging Space
- Legora
- Miro
- Skype
- Supercell
- Wolt
- Ami Labs
- Recursive Superintelligence
- Ineffable Intelligence
- DeepMind
Locations
- Finland
- Sweden
- Europe