Finland’s Quanscient Announces €10 Million Raise
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Insider Brief Finnish quantum and simulation company Quanscient raised €10 million in Series A funding to expand internationally and advance a platform combining multiphysics simulation, quantum algorithms and AI-driven hardware engineering. The funding round was led by 55 North and B&C Group, with participation from existing investors including Maki.vc and QAI Ventures. Quanscient said its cloud-native simulation platform can reduce engineering runtimes by up to 99% and help industries such as aerospace, energy and automotive accelerate product development while reducing reliance on physical prototypes. PRESS RELEASE — Finnish technology company Quanscient, a leader in cloud-based multiphysics simulation technology and quantum algorithms, today announces a €10 million Series A funding round to accelerate its international expansion and strengthen its position as a leader in multiphysics simulations, quantum algorithms and AI-native hardware engineering. The round was led by Danish quantum fund 55 North and Austrian industrial investor B&C Group with full re-participation from existing investors Maki.vc, Crowberry Capital, QAI Ventures, and First Fellow Partners. While AI has transformed nearly every field, hardware engineering remains constrained. Engineers still rely on complex, slow, trial-and-error processes. According to Quanscient’s recent study, 89% of engineers routinely simplify their physics models just to fit within runtime budgets. Current AI models can’t accurately simulate real-world physics and lack the data to learn it. As a result, simulation remains an engineering bottleneck. Quanscient addresses this challenge by building physics simulation as code-driven, cloud-scalable, and built to generate the volume of multiphysics data that AI needs to learn from. The platform enables faster, higher-quality product development and accelerates time-to-market across industries including energy, aerospace, and automotive. Leading industrial companies across Europe, North America, and Japan, including Fortune 100 firms, trust Quanscient to accelerate and improve their R&D. With the support of new funding, Quanscient is accelerating its international expansion and advancing the development of the market’s first platform that unifies simulation, quantum algorithms, and AI integration. “AI will not transform hardware engineering unless simulation itself is rebuilt for it. By making multiphysics code-driven and cloud-scalable, we generate the volume of physics data that AI needs, turning simulation from a bottleneck into the engine of data-driven design. This brings to hardware engineering the same shift AI has delivered for software,” says Quanscient co-founder and CEO Juha Riippi. Quanscient enables fully digital product development and testing, reducing the need for costly physical prototypes. Engineers can evaluate multiple design options early, reducing risk and improving the performance of the final product. The platform delivers up to 100× faster simulations, cutting runtimes by up to 99%. The AI integration further enhances design by identifying optimal trade-offs, accelerating the path from concept to implementation, and uncovering otherwise hidden solutions. “Industrial competitiveness depends on both speed and accuracy. The architecture we’ve built for cloud and quantum simulation is also the foundation for an entirely new category of AI and will enable the physics-aware AI models that hardware engineering has been waiting for,” Riippi says. “Engineering teams are under pressure to explore much larger design spaces and more complex physics than legacy tools were built for. Quanscient’s cloud‑native multiphysics platform, combined with forward-looking work on quantum algorithms and AI tools, gives customers a future-proof step‑change in throughput without sacrificing accuracy. We believe this capability will be critical for innovators in areas like nuclear fusion, advanced electronics, and quantum technologies, and we are thrilled to back the team on this journey,” says Helmut Katzgraber, Chief Science Officer & General Partner at 55 North. “We are convinced that Quanscient, with its approach at the intersection of simulation, quantum computing, and AI, is setting a new standard for the development of physical products. As an investor in industrial tech companies that deliver clear value to industry, we see technologies like these as key to strengthening Europe’s industrial innovation capacity in the long term. We are excited to support the company on its journey”, says Julia Reilinger, Managing Director at B&C Group.
Matt Swayne LinkedIn With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. matt@thequantuminsider.com Share this article: