Finland’s Quanscient raises €10M for quantum-AI simulation platform

Finland’s Quanscient has secured €10 million in Series A funding to accelerate development of its cloud-based multiphysics simulation platform, positioning itself at the intersection of quantum computing and AI-driven hardware design. The Tampere-based startup aims to transform how engineers model physical products, from motors and antennas to fusion magnets, where precision is critical and errors are costly.

The round was led by Danish quantum fund 55 North and Austrian industrial investor B&C Group, with full participation from existing backers Maki.vc, Crowberry Capital, QAI Ventures, and First Fellow Partners. Founded in 2021, Quanscient builds code-driven, cloud-scalable simulation software designed to generate the vast datasets that machine learning models require for physics-aware AI.

This investment arrives as the company’s own 2025 research reveals a persistent bottleneck in hardware engineering. According to Quanscient’s survey, 89% of engineers routinely simplify their physical models to stay within runtime limits. This means the data produced by conventional simulation tools lacks the richness needed to train next-generation AI design systems.

Quanscient’s platform claims to run simulations up to 100 times faster than legacy tools, cutting runtimes by as much as 99%. The company plans to use the Series A funding for international expansion and to build what it describes as the market’s first unified platform combining simulation, quantum algorithms, and AI integration.

“AI will not transform hardware engineering unless simulation itself is rebuilt for it,” said Juha Riippi, co-founder and CEO of Quanscient. “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.”

The lead investor, 55 North, is a newcomer to Europe’s venture landscape. Based in Copenhagen, the firm announced the first close of its €300 million quantum fund in October 2025 at €134 million, making it the largest dedicated pure-play quantum venture vehicle globally. It is led by Owen Lozman, formerly of M Ventures, alongside computational physicist Helmut Katzgraber and Kai Hudek, both with deep industry experience.

Quanscient is among the fund’s first publicly disclosed investments, alongside Finnish quantum-hardware unicorn IQM and German cryogenics specialist Kiutra.

“Engineering teams are under pressure to explore much larger design spaces and more complex physics than legacy tools were built for,” said Katzgraber, chief science officer and general partner at 55 North. He identified nuclear fusion, advanced electronics, and quantum technologies as key customer segments where Quanscient’s throughput advantages matter most.

B&C Group participated through its industrial-tech arm, B&C Innovation Investments. The Vienna-based group is majority owner of Lenzing, AMAG, and Semperit. “We see technologies like these as key to strengthening Europe’s industrial innovation capacity in the long term,” said Julia Reilinger, BCII’s managing director.

Quanscient was co-founded in 2021 by Riippi, Alexandre Halbach, Asser Lähdemäki, and Valtteri Lahtinen, with Andrew Tweedie joining as a fifth co-founder in 2024. The company now employs 40 people across 15 nationalities and counts Fortune 100 manufacturers among its customers in Europe, North America, and Japan. Prior to this round, Quanscient had raised roughly €9 million across earlier seed and growth tranches, including a €5.2 million round led by Crowberry Capital in late 2024.