Finland-based Quanscient, a cloud-and-quantum-powered multiphysics simulation software provider, announced that it has secured €3.9M in a Seed round of funding led by Maki.vc.
The round also includes €446K of non-equity funding from Business Finland, including a quantum research grant and R&D loan.
Quanscinet says it will use the funds to advance its product development and expansion.
Founded by Juha Riippi, Asser Lähdemäki, Alexandre Halbach, and Valtteri Lahtinen in 2021, Quanscient is the first provider of cloud and quantum computing-powered multiphysics simulation technology.
Quanscient simulation technology reduces simulation time from weeks to just hours, enabling faster R&D and product-to-market for industrial companies in fusion energy, electric motors, and 5G technology.
The platform offers fully digital R&D processes with its unique combination of native multiphysics algorithms, advanced cloud computing, and the prospect of future quantum integration.
The Finnish company claims its cloud-based simulation technology enables faster product development and speeds up bringing products to market, saving time and costs for innovative companies.
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