Quanscient Raises €10M to Scale Simulation Platform
Quanscient, a Finnish startup, secured €10 million in Series A funding to expand its cloud-based multiphysics simulation platform, aiming to accelerate AI-driven hardware design by replacing legacy software with scalable, high-fidelity data engines. The round was co-led by 55 North and B&C Group, with the company claiming its platform can deliver 100x faster simulation speeds, enabling engineers to test more design variations without costly physical prototyping.
Finnish startup Quanscient has raised €10 million in Series A funding to scale its cloud-based multiphysics simulation platform, which transforms traditional physics simulations into a high-fidelity data engine for AI-driven hardware design. The round was co-led by Danish quantum venture fund 55 North and Austrian industrial investor B&C Group, with early backers Maki.vc, Crowberry Capital, QAI Ventures, and First Fellow Partners participating again. This brings Quanscient’s total funding to €19 million, following a €5.2 million seed round in late 2024. The company addresses a critical bottleneck in hardware engineering: legacy simulation software is slow, forcing engineers to simplify models or test fewer designs. Quanscient’s CEO Juha Riippi states that AI cannot advance hardware design without rebuilding simulation tools, as current systems lack the data volume and speed needed for accurate, multi-variable physics modeling. Quanscient’s platform runs natively on cloud and emerging quantum hardware, delivering up to 100x faster runtimes than traditional tools. The company recently collaborated with quantum middleware startup Haiqu to demonstrate complex fluid dynamics simulations on IBM’s Heron quantum processor, proving efficiency gains with fewer qubits. Founded in 2021 by Juha Riippi, Alexandre Halbach, Asser Lähdemäki, Valtteri Lahtinen, and Andrew Tweedie, Quanscient already serves Fortune 100 manufacturers across Europe, North America, and Japan. The new funding will support global expansion, including hiring for sales and establishing a stronger international presence. With a team of 40 scientists from 15 nationalities, Quanscient’s platform aims to eliminate costly physical prototyping by enabling rapid, data-driven design iterations. The company’s focus on cloud scalability and quantum readiness positions it as a key player in bridging AI and hardware innovation.
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