Peter Sarlin’s QuTwo reaches $380M valuation in angel round
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.
AI Summary
Peter Sarlin's Finnish AI company QuTwo has reached a $380 million valuation after raising $29 million in an angel round. QuTwo develops an orchestration platform called QuTwo OS that directs tasks to classical, quantum, or hybrid computing architectures, positioning itself primarily as an AI company rather than purely quantum-focused, with design partnerships already generating $23 million in committed revenue. Sarlin deliberately chose a more modest funding round to pursue long-term development over five to ten years without investor pressure for rapid scaling, a strategy he also applied at his previous company Silo AI before its acquisition by AMD.