Algorithmiq

Algorithmiq develops quantum algorithms and software for drug discovery and pharmaceutical research, focusing on quantum-enhanced molecular simulation and optimization techniques to accelerate the development of new medicines by solving complex computational problems in chemistry and biology that are intractable for classical computers. In February 2025, Algorithmiq partnered with Quantum Circuits to leverage the Aqumen Seeker full-stack quantum computing system featuring industry-first dual-rail qubits with built-in error detection for more accurate chemistry calculations and enzyme pharmacokinetics modeling. The company has raised $15 million in Series A funding (2023) following a $4 million seed round, with backing from Tiger Global and the European Investment Bank. Algorithmiq’s multiscale approach combines quantum computing and AI to revolutionize drug discovery, with recent publications on quantum algorithms for BODIPY molecules in photodynamic therapy applications and collaborations with IBM on quantum computer fine-tuning for pharmaceutical applications.

Arctic Instruments

Arctic Instruments is a Finnish quantum technology company founded in 2021 that specializes in developing superconducting microwave amplifiers and cryogenic electronics for quantum computing applications, providing ultra-low noise amplification solutions essential for quantum state readout and control in superconducting quantum processors, enabling improved fidelity and performance in quantum computing systems through advanced cryogenic amplifier technology designed for millikelvin temperature operation in dilution refrigerators.

Company Information

• Founded: 2021
• Country: Finland
• Website: https://arcticinstruments.com
• Categories: infrastructure

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Bluefors

Bluefors is a Finnish cryogenic technology company founded in 2008 by Rob Blaauwgeers and Pieter Vorselman that has become the global market leader in ultra-low temperature cooling systems for quantum computing, with over 1,500 systems installed worldwide including their flagship LD System and KIDE Cryogenic Platform supporting over 1,000 qubits, pioneering liquid-free dilution refrigerator technology that achieves 10 millikelvin temperatures through a five-stage cascade approach, serving as the industry standard for superconducting quantum computers with over 700 employees globally and partnerships with Linde for large-scale quantum computing cooling solutions, recently launching enhanced cooling systems with doubled 4K cooling power and high-density flex wiring for high qubit count applications.

IQM

On September 3, 2025, IQM secured $320 million (€275 million) in a Series B funding round led by Ten Eleven Ventures and 55 North, bringing total capital to $600 million - the largest quantum computing funding outside the United States. IQM reached a significant production milestone by manufacturing 30 full-stack quantum computers at its facility in Espoo, Finland. The company deployed Poland’s first superconducting quantum computer at Wrocław University of Science and Technology, expected to become operational in Q2 2025. In early September 2025, IQM’s 5-qubit Spark system was installed at the Taiwan Semiconductor Research Institute in Taipei, marking the first fully integrated superconducting quantum computer in a Taiwanese research environment. IQM also made its 20-qubit quantum processing unit, IQM Garnet, available through Amazon Braket, marking the first time IQM’s quantum computers are accessible via cloud in a self-service, on-demand model and expanding Amazon Braket’s availability to the AWS Europe (Stockholm) Region.

Mectalent

Mectalent is a top expert in product development, precision mechanics, and demanding equipment manufacturing for quantum technology applications. Based in Oulu with 6,000 m² of office and production facilities, the company has accumulated extensive expertise in vacuum technology, understanding the mechanical design, parts manufacturing, and equipment requirements for quantum systems. Mectalent cooperates with industry leaders including IQM Quantum Computers and Bluefors, providing precision manufacturing and vacuum technology components for quantum computing systems. As a member of Photonics Finland technology cluster, Mectalent serves Europe’s quantum computing ecosystem with precision-engineered vacuum and mechanical components.

QMill

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.

Quanscient

Quanscient is a Tampere-based Finnish technology company founded in 2021 by Juha Riippi, Alexandre Halbach, Asser Lähdemäki, and Valtteri Lahtinen, building the world’s first Computer Aided Engineering (CAE) platform seamlessly integrating cloud-native multiphysics solvers, advanced cloud computing, and quantum integration. Quanscient secured €5.2 million in November 2024 led by Crowberry Capital and Speen Holding, with follow-on investments from Maki.vc and First Fellow, bringing total funding to €9.9 million. The company is the first in the world to run a Computational Fluid Dynamics (CFD) simulation with real quantum hardware. Quanscient’s platform provides unprecedented power for industrial product development through quantum algorithms. The investment supports pioneering quantum algorithm work including CFD simulations using quantum hardware, with the first quantum product pilot expected in 2025. Quanscient serves engineering simulation applications across aerospace, automotive, energy, and manufacturing sectors.

Quanscient Qloud

Quanscient Qloud is a Finnish cloud and quantum computing-powered multiphysics simulation technology provider. In late 2024, secured 5.2 million euros in growth funding. Platform delivers up to 100 times greater simulation capacity than legacy tools for engineering simulation applications. Quanscient brings engineering simulation into the quantum era by combining cloud computing with quantum-enhanced algorithms for computational fluid dynamics, electromagnetics, and structural analysis. The company’s platform enables engineers to solve complex multiphysics problems faster and more accurately than traditional simulation tools. Target industries include automotive, aerospace, energy, and advanced manufacturing. Quanscient’s approach leverages cloud scalability and quantum computing potential to handle massive simulations previously infeasible with classical methods. Based in Tampere, Finland, contributing to Finland’s position as Europe’s quantum computing powerhouse.

Quantastica

Quantastica is a Finnish quantum computing company founded in 2018 that provides quantum computing as a service through cloud-based platforms, offering quantum development tools, quantum simulators, and access to quantum hardware for researchers and enterprises, focusing on making quantum computing accessible through user-friendly interfaces and quantum algorithm development environments that enable organizations to experiment with quantum computing applications without requiring deep quantum expertise or hardware investments.

Company Information

• Founded: 2018
• Country: Finland
• Website: https://quantastica.com
• Categories: software

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Qubit Value

Qubit Value is Helsinki Finland-based company founded in 2020 with 1-10 employees specializing in quantum computing consulting and training describing themselves as leading quantum computing consulting company in Nordics. The company is located at Pajalahdentie 6 00200 Helsinki Finland. Qubit Value consulting services are designed to be flexible and adaptable allowing businesses to take phased approach to quantum computing adoption. The company developer training programs are flexible and customizable allowing businesses to tailor training to specific needs and objectives. Qubit Value offers engaging and informative webinars and public speaking events helping businesses stay up to date on latest developments in quantum computing. The company operates as provider of quantum computing consulting services serving Nordic enterprises requiring quantum education and strategic quantum technology guidance.

SemiQon

SemiQon develops silicon-based quantum processors using advanced semiconductor fabrication techniques to create quantum computing systems that leverage the existing semiconductor industry infrastructure, focusing on silicon spin qubits and quantum dots for scalable quantum computing applications with potential advantages in manufacturability and integration with classical electronics.

Company Information

• Founded: 2023
• Country: Finland
• Website: https://semiqon.com
• Categories: hardware

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Super.tech

Super.tech (acquired by Infleqtion) developed quantum-classical hybrid software solutions that integrate quantum computing capabilities with classical high-performance computing systems, creating unified platforms for solving optimization and simulation problems that benefit from both quantum and classical computational approaches.

Company Information

• Founded: 2021
• Country: Finland
• Website: https://super.tech
• Categories: software

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Unitary Zero Space

Unitary Zero Space is a Helsinki-based technology-independent quantum computing and quantum technology services company founded in 2020 by Topias Uotila, educating and advising clients in creating and securing business in the second quantum revolution. The company provides consulting for commercialization of quantum technologies, educational services to develop quantum computing capabilities, and expertise in cybersecurity related to quantum threats. Unitary Zero Space analyzed the quantum technology ecosystem in Finland and created presentations of strengths and key arguments for the Invest in Finland team. Prior to incorporation, the company helped hundreds of participants at various events enter quantum computing, including workshops at two successive Disobey security conferences in 2019 and 2020. Unitary Zero Space serves businesses, government organizations, and research institutions seeking strategic guidance on quantum technology adoption, implementation, and quantum-safe security strategies.

Unitary Zero Space Oy

Unitary Zero Space is a Helsinki-based quantum computing consultancy firm founded in 2020 by Topias Uotila (Founder & Qubit Zero) that has set out to build capabilities in quantum computing through education while securing industry from challenges of quantum technologies, building on expertise in cybersecurity sphere. Technology independent quantum computing and quantum technology services company that educates and advises clients in creating and securing business in the second quantum revolution. Three main service areas: 1) Commercialize quantum technologies through consulting, 2) Build capabilities in quantum computing through education, 3) Secure business from challenges of quantum technologies with expertise in cybersecurity. Serves both large enterprises and quantum startups, working with various research institutions and participating in projects related to quantum machine learning, business models, and national security. Contributing to Finland’s position as Europe’s quantum computing powerhouse.

Vexlum

Vexlum is a spin-off from the Optoelectronics Research Centre (ORC) at Tampere University of Technology specializing in novel semiconductor lasers for quantum technology applications. The company develops VECSELs (Vertical External Cavity Surface Emitting Lasers) providing high-power low-noise single-frequency lasers with broad wavelength coverage in the visible and near infrared. Vexlum’s innovative laser technology enables practical quantum computing systems by providing the precision light sources required for manipulating quantum states. With approximately 25 employees, the company serves quantum computing, medical, and semiconductor industries.

Vexlum Finland

Vexlum manufactures high-power narrow-linewidth VECSELs (Vertical External Cavity Surface Emitting Lasers) for quantum technology applications. The Tampere company develops specialized semiconductor lasers. Vexlum’s VECSEL technology provides high-power, single-frequency laser emission with wavelength flexibility, serving quantum computing, quantum sensing, and quantum communications applications requiring powerful, coherent light sources.

Company Information

• Founded: 2017
• Country: Finland
• Website: https://vexlum.com
• Categories: quantum components, lasers

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Xiphera

Xiphera is an Espoo, Finland-based hardware cryptographic security company founded in 2017 by Matti Tommiska and Kimmo Järvinen, who first collaborated on cryptographic projects in the early 2000s. The company specializes in hardware-based cryptographic solutions for automotive, industrial IoT, data centers, communications, and space sectors. Xiphera’s portfolio includes 30+ off-the-shelf IP cores with extensive post-quantum cryptography (PQC) offerings fighting quantum threats. The company’s cryptographic IP cores are designed directly for FPGAs and ASICs without hidden CPU or software components. In 2025, Xiphera partnered with Crypto Quantique for quantum-resilient hardware trust engines, Siemens Cre8Ventures to strengthen automotive security supporting EU Chips Act sovereignty goals, and developed quantum-resilient hardware security solutions for space applications. Xiphera launched nQrux™ Family hardware trust engines for hardware-isolated cryptographic services and computing environments, contributing to Finland’s quantum-safe security infrastructure.