QMill is a pioneering Finnish quantum computing company based in Espoo, founded in 2024 and dedicated to developing quantum algorithms that provide near-term practical benefits for industrial applications using noisy intermediate-scale quantum (NISQ) computers. The company raised €4 million in seed funding led by Maki.vc and Antler, plus a €1 million grant from Business Finland, and secured angel investment from Peter Sarlin, co-founder of AMD Silo AI. Led by seasoned experts including three Professors and six PhDs across mathematics, physics, and computer science, QMill targets sectors such as finance, telecommunications, real estate, energy, and supply chain logistics with quantum algorithms designed to solve optimization challenges beyond the reach of classical computers. The 14-person team plans to expand to 30 employees and aims to be the first company to provide quantum advantage for industrial customers.
Hannu Kauppinen (Co-founder, CEO), Mikko Möttönen (Co-founder, Chief Scientist), Ville Kotovirta (Co-founder, CTO), Toni Annala (Co-founder)
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