- Algorithmiq, a quantum software company from Finland, has moved its global headquarters to Milan after receiving an €18 million investment led by United Ventures and CDP Venture Capital.
- This investment is the largest venture capital round for a quantum startup in Italy, bringing Algorithmiq’s total funding to €36 million.
- In 2025, Algorithmiq was the first company in the world to show quantum advantage for a real scientific problem, outperforming Harvard, Oxford, and Stanford.
Algorithmiq, a quantum software company, raised €18 million and moved its headquarters from Helsinki to Milan, making Europe its main base for quantum software commercialisation.
United Ventures and Cassa Depositi e Prestiti, known as CDP Venture Capital, led the round, with ongoing support from Inventure VC. With this, Algorithmiq’s total funding reaches €36 million, marking the largest venture capital investment in a quantum startup in Italy.
Founded in 2020 by Dr Sabrina Maniscalco, Dr Guillermo García-Pérez, Dr Matteo Rossi, and Dr Boris Sokolov, Algorithmiq develops the algorithmic layer enabling quantum computers to perform practical tasks. Without this software, even advanced quantum machines remain limited to research.
While most of the quantum computing industry focuses on building better hardware, Algorithmiq believes that progress in algorithms will create the first commercial value. Italy’s strong background in physics and its national quantum strategy, backed by government investment, give Algorithmiq access to talent and policy support. The company will still keep major operations in Finland.
Its main rivals are software and error-mitigation companies such as Q-CTRL and Quantinuum’s software division. The startup stands out for its strong scientific background and broad hardware partnerships, while remaining independent of any single machine or system.
“With quantum, Europe has the opportunity to set the pace rather than follow it. Italy has always been at the frontier of the mathematical and physical sciences — from Leonardo to Fermi to Marconi — and that foundation gives us a structural advantage in this next technological revolution. Bringing a world-class international team like Algorithmiq to Milan is a win not just for United Ventures, but for the country. We are building a continental tech titan, and for European quantum talent looking to come home, Italy now has a place where they can do their best work,” says Jacopo Drudi, partner at United Ventures.
The fresh investment will help Algorithmiq expand its business, grow its team, and develop more algorithms. The startup currently collaborates with IBM, Microsoft, Rigetti, Google, AWS, Cleveland Clinic, and CERN.
