# QMill

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qmill

- Industry: Software
- Headquarters: Espoo, Finland
- Website: www.qmill.com
- Total disclosed funding: $4.4M
- Latest round: Seed (Sep 3, 2024)
- Investors on record: 3

## About

Founded in 2024 and based in Espoo, Finland, QMill Oy is a developer of quantum algorithms that provide near-term, practical benefits for industrial applications. In September 2024, QMill Oy raised EUR 4 million in Seed funding co-led by investors Maki. vc and Antler, with participation from another investor Kvanted Ventures. The company was co-founded by Hannu Kauppinen (CEO), Ville Kotovirta, Mikko Möttönen, and Toni Annala.

QMill engages in creating quantum-advantage algorithms optimized for near-term quantum computers operating in the intermediate-scale quantum (NISQ) era. These algorithms are designed to solve large-scale computational challenges. These algorithms are programs that can be run as quantum circuits in a quantum computer.

The company plans to use the September 2024 funding to develop energy-efficient algorithms that offer a quantum advantage.

## Funding rounds

- Seed, Sep 3, 2024, $4.4M — Antler, Maki.vc, Kvanted Ventures

## Investors

- Antler (https://capitalatlas.ai/funds/antler) — Seed
- Maki.vc (https://capitalatlas.ai/funds/maki-vc) — Seed
- Kvanted Ventures (https://capitalatlas.ai/funds/kvanted-ventures) — Seed