Quanscient raises 10 million euros

The Finnish deep-tech company Quanscient has completed a Series A financing round of 10 million euros. The company intends to use the fresh capital to drive its international expansion and further develop its platform for multiphysics simulations, quantum algorithms and AI-native hardware development.

Investors focus on the future of engineering

The financing round was led by the Danish quantum investor 55 North and the Austrian industrial holding B&C Group.

Existing investors Maki.vc, Crowberry Capital, QAI Ventures and First Fellow Partners also participated again in the round.

Why hardware development is still a bottleneck

While artificial intelligence has transformed numerous industries, many companies' hardware development continues to work with slow and computationally intensive simulation processes.

According to a study cited by Quanscient, 89% of engineers regularly simplify their physical models in order to be able to perform calculations in an acceptable amount of time.

At the same time, today's AI systems are reaching their limits: They lack the physical data and models to reliably map real technical relationships.

Simulation as the basis for AI-native development

This is precisely where Quanscient comes in.

The company is developing a cloud-based platform for multiphysics simulations that digitally models complex physical processes and simultaneously generates large volumes of structured simulation data.

This data in turn forms the basis for new AI models that can understand and optimize technical systems.

AI will only transform hardware development if simulation itself is rethought for AI

Juha Riippi, co-founder and CEO of Quanscient

Simulations up to 100 times faster

According to the company, the platform enables simulations that run up to 100 times faster than conventional methods.

This allows companies to test significantly more design variants, identify risks at an early stage and reduce the number of physical prototypes.

The technology is used in industries such as

• Energy
• Aerospace
• automotive industry
• electronics
• quantum technology

According to Quanscient, its customers already include several international industrial companies, including Fortune 100 corporations.

The next generation of industrial AI

In addition to classic simulations, Quanscient is working on the integration of quantum algorithms and AI systems in a common platform. The long-term goal is physics-based AI models that can independently analyze and optimize technical systems and develop new solutions.

For investors like Helmut Katzgraber, it is precisely this combination of cloud simulation, quantum computing and AI that could become a key technology for the next generation of industrial innovations.

International expansion planned

Quanscient plans to use the new capital to expand its international activities and further develop its platform. Founded in 2021, the start-up currently employs around 40 people from 15 countries and is positioned at the intersection of engineering software, quantum computing and artificial intelligence.

The aim is to create the technological basis for a new era of data-driven hardware development.