Tech Company Financing Transactions
QMill Funding Round
On 9/18/2024, QMill received $4.5 million in Seed funding from Antler, Business Finland and Maki.vc.
Transaction Overview
Company Name
Announced On
9/18/2024
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$4,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to develop its quantum algorithms, expand the service offerings, and to hire 20 people within the next couple of years.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
Keilaranta 12 D
Espoo, 02150
Finland
Espoo, 02150
Finland
Phone
Undisclosed
Website
Email Address
Overview
QMill will trigger the era of practical quantum advantage with new quantum algorithms for the noisy intermediate-scale quantum (NISQ) era. We want to engage with the highest-potential customers to demonstrate the benefits of quantum algorithms for their own business. Our proof-of-concept algorithms can run either on simulators or real, existing noisy intermediate-scale quantum (NISQ) computers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Hannu Kauppinen
Chief Scientific Officer
Mikko Möttönen
Chief Technical Officer
Ville Kotovirta
Co-Founder
Toni Annala
Browse more venture capital transactions:
Prev: 9/18/2024: Reform RX venture capital transaction
Next: 9/18/2024: fal - features and labels venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs