Quanscient Secures €5.2M to Augment Engineering Simulations with Quantum Technology

Key Takeaways:

Funding Success: Quanscient secures €5.2M to accelerate its simulation technology development.

Cloud-Quantum Integration: Their platform combines cloud-native multiphysics solvers with future quantum capabilities.

Industry Applications: Quanscient’s solutions support advanced R&D in sectors like energy, semiconductors, and aerospace.

Quanscient, a Finnish leader in simulation technology, recently secured €5.2M in growth funding. Led by Crowberry Capital and joined by Speen Holding, the funding will support Quanscient’s efforts to integrate quantum capabilities into its cloud-based multiphysics simulation platform. The company’s platform is designed to optimize digital R&D processes, benefiting industries such as fusion energy, advanced semiconductors, and aerospace.

Quanscient’s platform provides engineers with over 100 times the simulation capacity of traditional solutions, enabling faster iteration and enhanced product performance. By offering unlimited user access, it promotes collaboration across distributed teams.

"To stay competitive, companies developing transformative technologies need better tools to rapidly test scenarios, optimize designs, and speed up time-to-market. Our solution boosts simulation capacity by 100 times."

— Juha Riippi, Co-founder and CEO of Quanscient

The company plans to launch its first quantum product pilot in early 2025. This initiative builds on its success in running Computational Fluid Dynamics simulations using quantum hardware, a first in the industry.

"With Quanscient’s multiphysics simulations, global companies solve their most complex engineering challenges faster and more efficiently than ever before."

— Jenny Ruth Hrafnsdottir, Founding Partner, Crowberry Capital

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