Peter Sarlin’s QuTwo reaches $380M valuation in angel round

· TechCrunch AI ·

QuTwo, Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, raised €25M angel round at €325M valuation, signaling continued investor appetite for European sovereign AI and quantum computing ventures.

Categories: Money & Moves

Excerpt

QyTw0, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million (approximately $380 million) after raising a €25 million angel round ($29 million). It's a sign of enduring tailwinds for AI, quantum computing, and sovereign tech, especially for Europe-made companies.