Peter Sarlin’s QuTwo reaches $380M valuation in angel round
Key takeaways
- Qu Two, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million (approximately $380 million) after raising a €25 million angel round ($29 million).
- Qu Two’s name is a nod to quantum computing, but it hasn’t gone all-in on quantum.
- Quantum is just a new type of compute,” said Sarlin, who is adamant that QuTwo is an AI company.
Why this matters: a development in AI with implications for how people work, create, and decide.
Qu Two, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million (approximately $380 million) after raising a €25 million angel round ($29 million). It s a sign of enduring tailwinds for AI, quantum computing, and sovereign tech, especially for Europe-made companies.
Qu Two’s name is a nod to quantum computing, but it hasn’t gone all-in on quantum. Its core product, Qu Two OS, is an orchestration layer that directs tasks to classical, quantum or hybrid architectures — with the idea that enterprise use cases are often best served by “quantum-inspired” computing, which uses classical chips to simulate quantum behavior on more reliable hardware.
Enterprise AI will be QuTwo’s bread and butter. The company already secured some $23 million in committed revenue thanks to design partnerships with the likes of retail giant Zalando, for which it helped develop AI assistants. “AI is the North Star that we will continue to aim for. Quantum is just a new type of compute,” said Sarlin, who is adamant that QuTwo is an AI company.