About Algorithmiq
Algorithmiq is a company based in Helsinki (Finland) founded in 2020 by Sabrina Maniscalco, Boris Sokolov, Matteo Rossi, and Guillermo Garcia Perez.. Algorithmiq has raised $20 million across 2 funding rounds from investors including Inventure VC, Finnfund and Presidio Ventures. Algorithmiq offers products and services including Quantum Computer Interface, Quantum Algorithms for Chemistry, and Quantum Algorithms for Life Sciences. Algorithmiq operates in a competitive market with competitors including Code Ocean, Tamarind Bio, DeepSeeq, ZMT Zurich MedTech and MNDL Bio, among others.
- Headquarter Helsinki, Finland
- Founders Sabrina Maniscalco, Boris Sokolov, Matteo Rossi, Guillermo Garcia Perez
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Sectors
HealthcareTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series A
Jun 02, 2023
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Investors
Inventure VC
& 10 more
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Employee Count
Employee Count
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Products & Services of Algorithmiq
Algorithmiq offers a comprehensive portfolio of products and services, including Quantum Computer Interface, Quantum Algorithms for Chemistry, and Quantum Algorithms for Life Sciences. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Integrates classical and quantum computers for enhanced computation.
Solves complex quantum chemistry problems for scientific research.
Advances drug discovery using quantum and AI methods.
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Funding Insights of Algorithmiq
Algorithmiq has successfully raised a total of $20M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $15.0M
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First Round
First Round
(02 Feb 2022)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - Algorithmiq | Valuation | Inventure | |
| Feb, 2022 | Amount | Seed - Algorithmiq | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Algorithmiq
Algorithmiq has secured backing from 11 investors, including venture fund and angel investors. Prominent investors backing the company include Inventure VC, Finnfund and Presidio Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in early-stage tech startups are made by Inventure.
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Founded Year | Domain | Location | |
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Investments in sustainable development projects in developing countries.
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Venture capital is provided to multiple sectors by Presidio Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Algorithmiq
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Algorithmiq
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Algorithmiq Comparisons
Competitors of Algorithmiq
Algorithmiq operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Code Ocean, Tamarind Bio, DeepSeeq, ZMT Zurich MedTech and MNDL Bio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of cloud based platform for the development of algorithms
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| domain | founded_year | HQ Location |
Provider of a no-code bioinformatics platform for life scientists
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| domain | founded_year | HQ Location |
Bioinformatics and data mining tools are supplied to biologists.
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| domain | founded_year | HQ Location |
Develops software for simulating medical implants and physiological responses.
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| domain | founded_year | HQ Location |
Develops AI-based tools for gene expression optimization in synthetic biology research.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Algorithmiq
Frequently Asked Questions about Algorithmiq
When was Algorithmiq founded?
Algorithmiq was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Algorithmiq located?
Algorithmiq is headquartered in Helsinki, Finland.
Who is the current CEO of Algorithmiq?
Sabrina Maniscalco is the current CEO of Algorithmiq. They have also founded this company.
Is Algorithmiq a funded company?
Algorithmiq is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on Feb 02, 2022.
What does Algorithmiq do?
Algorithmiq was founded in 2020 in Helsinki, Finland, as a provider of quantum computing algorithms tailored to the life science sector. Algorithms are developed for execution on near-term quantum devices. Capabilities include drug design, resolution of complex biological problems, and identification of raw materials. Operations focus on enabling practical quantum applications in scientific research and development.
Who are the top competitors of Algorithmiq?
Algorithmiq's top competitors include Code Ocean, Tamarind Bio and DeepSeeq.
What products or services does Algorithmiq offer?
Algorithmiq offers Quantum Computer Interface, Quantum Algorithms for Chemistry, and Quantum Algorithms for Life Sciences.
Who are Algorithmiq's investors?
Algorithmiq has 11 investors. Key investors include Inventure VC, Finnfund, Presidio Ventures, Thames Trust, and Tesi.