Peter Sarlin’s QuTwo reaches $380M valuation in angel round
Ex-AMD AI CEO's new lab raises $29M, valued at $380M, with $23M committed revenue.
QuTwo, a Finnish AI lab founded by Peter Sarlin (ex-AMD Silo AI CEO), has reached a €325 million ($380M) valuation after raising a €25 million ($29M) angel round. The company's flagship product, QuTwo OS, is an orchestration layer that directs computing tasks to classical, quantum, or hybrid architectures — often using “quantum-inspired” approaches on classical hardware for reliability. QuTwo already has $23 million in committed revenue from design partnerships, including with retail giant Zalando for AI assistants. Sarlin emphasizes that AI is the core focus, with quantum as a new compute type, not the main product.
QuTwo is deliberately avoiding massive VC rounds to maintain a long-term vision (5-10 year horizon). Sarlin turned down offers to turn Silo AI into “Europe's OpenAI” and applies the same philosophy here. The angel round includes notable investors like Yuri Milner, Xavier Niel, and Nico Rosberg, who may open doors across Europe. With tailwinds for European sovereign tech and local alternatives to U.S. providers, QuTwo positions itself as a strategic player for enterprise AI in automotive, life sciences, and gaming sectors.
- QuTwo reached a €325M ($380M) valuation with a €25M ($29M) angel round, led by investors including Yuri Milner and Xavier Niel.
- QuTwo OS orchestrates tasks across classical, quantum, and hybrid architectures, focusing on quantum-inspired computing for enterprise reliability.
- Already $23M in committed revenue from partners like Zalando; Sarlin aims for a 5-10 year horizon, avoiding the unicorn hype cycle.
Why It Matters
European AI gains a sober, strategic player focused on enterprise hybrid computing, not hype.