About
Algorithmiq develops quantum algorithms and software for drug discovery and pharmaceutical research, with a focus on quantum-enhanced molecular simulation and optimization techniques. The company raised a $15 million Series A in 2023 plus a $4 million seed round, backed by Tiger Global and the European Investment Bank. In February 2025, Algorithmiq partnered with Quantum Circuits to use the Aqumen Seeker full-stack quantum computing system, which features dual-rail qubits with built-in error detection for more accurate chemistry calculations. On November 12, 2025, Algorithmiq unveiled the Quantum Advantage Tracker in collaboration with IBM Quantum and theorists at IBM's Quantum Developer Conference in Atlanta, presenting the first verified quantum simulation to outperform classical methods. CEO Sabrina Maniscalco described it as a living record that tracks quantum and classical progress, where results are published, verified, and challenged: "We are no longer chasing a single moment of quantum advantage. We are building an experiment that never really ends." Partners on the tracker include IBM, Algorithmiq, the Flatiron Institute, and BlueQubit. In December 2025, Algorithmiq partnered with Microsoft to collaborate on quantum chemistry algorithms for fault-tolerant hardware, integrating with Microsoft's Quantum Development Kit for cloud-based molecular simulations aimed at drug discovery and materials design. In February 2026, it partnered with Rigetti on quantum machine learning for financial fraud detection in the payments sector. In May 2026, Algorithmiq raised an EUR 18M Series B co-led by United Ventures and CDP Venture Capital, bringing total funding to roughly EUR 36M, the largest quantum software round in Italy, and relocated its global headquarters from Helsinki to Milan. In April 2026, the company won a $2M Wellcome Leap prize for an end-to-end quantum-classical simulation of a cancer drug activation pathway run on IBM hardware.
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| Quantum Focus | software |
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Related News
IBM and Algorithmiq Develop Framework for Verifying Quantum Computations Beyond Classical Simulation
IBM and Algorithmiq Demonstrate Quantum Advantage, Establishing a Framework for Trusted Quantum Computation Beyond Classical Verification - IBM Newsroom
IBM and Algorithmiq Demonstrate Quantum Advantage, Establishing a Framework for Trusted Quantum Computation Beyond Classical Verification - PR Newswire
Algorithmiq Raises €18 Million, Establishes Headquarters in Milan
Algorithmiq Relocates Global Headquarters to Milan Following €18M ($21.2M USD) Funding Round
