Seed · AI & Machine Learning · Espoo, Finland · Founded 2024 · 14–14 employees
QMill is a Finnish quantum computing startup that develops practical quantum algorithms for near-term hardware to solve optimization problems across industries like finance, telecommunications, energy, and logistics. Founded by a world-class team including former Nokia CTO Hannu Kauppinen and quantum professor Mikko Möttönen, the company raised €4 million in seed funding in September 2024 to accelerate quantum advantage today rather than waiting for future hardware. The company has achieved record-breaking quantum circuit compression and is developing algorithms for NISQ-era computers with plans to validate the first useful quantum algorithm within three years. QMill is positioned in Espoo's growing quantum hub and aims to hire 20 new employees to scale their innovative quantum solutions.