Algorithmiq Raises €18M and Moves HQ to Milan in Europe’s Quantum Software Race
Algorithmiq raised €18 million and moved its global headquarters from Helsinki to Milan, making it Italy’s largest venture capital investment in a quantum startup. The round, led by United Ventures and CDP Venture Capital, brings total funding to €36 million. The company recently won a $2 million Wellcome Leap prize for quantum work with Cleveland Clinic and IBM. Algorithmiq will keep significant operations in Finland.