Quanscient, a Finland-based company specializing in cloud-native multiphysics simulation, has secured €10 million (approximately $11.6 million USD) in Series A funding. The round was led by Earlybird Venture Capital, with participation from existing investors Maki.vc and First Fellow Partners.

The company plans to utilize the capital to expand its cloud-native platform, which leverages quantum computing to accelerate complex simulations in fields such as fluid dynamics and electromagnetics. By integrating quantum algorithms into their existing multiphysics solutions, Quanscient aims to significantly reduce the time and cost required for high-fidelity engineering simulations, providing a competitive advantage for industries like aerospace, automotive, and clean energy.

Source: quantumcomputingreport.com
Publication date: 24.05.2024