Quanscient from Finland has secured €10 million to develop a simulation platform that integrates quantum technology and AI.

      The startup from Tampere aims to transform physics simulation into the data engine for AI-driven hardware design. Quanscient, based in Tampere, has secured €10 million in its Series A funding to expand its cloud-based multiphysics simulation platform. This funding round was led by the Danish quantum fund 55 North and the Austrian industrial investor B&C Group, with all existing investors, including Maki.vc, Crowberry Capital, QAI Ventures, and First Fellow Partners, participating again.

      Founded in 2021, Quanscient develops simulation software for engineers involved in designing physical products such as motors, antennas, and fusion magnets—areas where minor errors in models can lead to costly metal corrections. The company promotes its platform as code-driven, cloud-scalable, and capable of producing the extensive multiphysics data required for machine-learning models to learn effectively.

      The Series A funding will be allocated for international expansion and for developing what the company describes as the first platform in the market that integrates simulation, quantum algorithms, and AI. This funding comes at a time when, according to Quanscient’s 2025 study, hardware engineering is facing stagnation. Their survey indicates that 89% of engineers frequently simplify their physics models to meet runtime constraints.

      This situation suggests that the data produced by current simulation processes is insufficient for training the advanced physics-aware AI models needed for the next generation of design tools. Quanscient asserts that its platform can deliver simulations up to 100 times faster than existing tools, reducing runtimes by as much as 99%.

      “AI will not change hardware engineering unless simulation itself is redesigned for it,” stated Juha Riippi, co-founder and CEO of Quanscient. “By making multiphysics code-driven and cloud-scalable, we produce the volume of physics data essential for AI, transforming simulation from a bottleneck into a driver of data-driven design.”

      The lead investor, 55 North, is new to the European venture landscape. Headquartered in Copenhagen, they announced the first closing of their €300 million quantum fund in October 2025, securing €134 million and currently standing as the largest dedicated quantum venture vehicle globally. The firm is headed by Owen Lozman, previously with M Ventures, along with Helmut Katzgraber, a computational physicist who formerly worked at Amazon and Microsoft, and Kai Hudek from IonQ.

      Quanscient is one of the first publicly acknowledged investments from this fund, alongside Finnish quantum-hardware unicorn IQM and the German cryogenics firm Kiutra. “Engineering teams are pressured to explore much larger design spaces and more intricate physics than traditional tools were designed for,” noted Katzgraber, 55 North’s chief science officer and general partner, highlighting nuclear fusion, advanced electronics, and quantum technologies as key customer areas for Quanscient’s claims of throughput.

      B&C’s participation comes through B&C Innovation Investments, the industrial-tech division of the Vienna-based group, which has majority stakes in Lenzing, AMAG, and Semperit. “We see technologies like these as essential for enhancing Europe’s industrial innovation capacity in the long run,” remarked Julia Reilinger, managing director of BCII.

      Quanscient was established by Riippi, Alexandre Halbach, Asser Lähdemäki, and Valtteri Lahtinen in 2021, with Andrew Tweedie joining as a fifth co-founder in 2024. The company has 40 employees representing 15 different nationalities and serves Fortune 100 manufacturers in Europe, North America, and Japan. Prior to this funding round, Quanscient had raised approximately €9 million through earlier seed and growth rounds, including a €5.2 million round led by Crowberry Capital in late 2024.