•1 min read•from TechCrunch
Peter Sarlin’s QuTwo reaches $380M valuation in angel round
Our take
Peter Sarlin's QuTwo has achieved a significant milestone, reaching a valuation of €325 million (approximately $380 million) following a successful €25 million angel funding round (about $29 million). This accomplishment highlights the ongoing momentum in the fields of AI, quantum computing, and sovereign technology, particularly for companies emerging from Europe. As QuTwo continues to innovate under Sarlin's leadership, this valuation underscores the growing confidence in the transformative potential of AI and its applications in various sectors.
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.
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