About QMill
QMill is a company based in Espoo (Finland) founded in 2024 by Ville Kotovirta and Hannu Kauppinen.. QMill has raised $4.5 million across 1 funding round from investors including Maki.vc, Antler and Kvanted. QMill offers products and services including Quantum-Advantage Algorithms. QMill operates in a competitive market with competitors including Terra Quantum, Aliro Technologies, Quantagonia, QuantumLeap and Black Brane, among others.
- Headquarter Espoo, Finland
- Founders Ville Kotovirta, Hannu Kauppinen
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Qmill Oy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.5 M (USD)
in 1 rounds
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Latest Funding Round
$4.5 M (USD), Seed
Sep 17, 2024
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Investors
Maki.vc
& 2 more
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Employee Count
Employee Count
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Products & Services of QMill
QMill offers a comprehensive portfolio of products and services, including Quantum-Advantage Algorithms. 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.
Algorithms for solving complex problems on near-term quantum computers.
Funding Insights of QMill
QMill has successfully raised a total of $4.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.5 million completed in September 2024. 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 1
- Last Round Seed — $4.5M
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First Round
First Round
(17 Sep 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Seed - QMill | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 QMill
QMill has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Maki.vc, Antler and Kvanted. 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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A venture capital firm based in Helsinki, Finland, is operated.
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Founded Year | Domain | Location | |
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Early-stage investing and founder support services are offered globally by Antler.
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Founded Year | Domain | Location | |
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Early-stage industrial tech startups are supported by Kvanted.
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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 QMill
| 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 - QMill
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Qmill Comparisons
Competitors of QMill
QMill 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 Terra Quantum, Aliro Technologies, Quantagonia, QuantumLeap and Black Brane, 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 quantum as a service platform
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| domain | founded_year | HQ Location |
Provider of cloud-based platform to access quantum computers
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| domain | founded_year | HQ Location |
Developer of a cloud and AI-powered quantum computing platform as a service
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| domain | founded_year | HQ Location |
An open-source platform for quantum computing services is offered.
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| domain | founded_year | HQ Location |
Virtual quantum computers are developed and provided by Black Brane.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Qmill
Frequently Asked Questions about QMill
When was QMill founded?
QMill was founded in 2024.
Where is QMill located?
QMill is headquartered in Espoo, Finland.
Who is the current CEO of QMill?
Hannu Kauppinen is the current CEO of QMill. They have also founded this company.
Is QMill a funded company?
QMill is a funded company, having raised a total of $4.5M across 1 funding round to date. The company's 1st funding round was a Seed of $4.5M, raised on Sep 17, 2024.
What does QMill do?
QMill was founded in 2024 in Espoo, Finland, as a provider of quantum computing solutions. Focus is placed on developing new algorithms tailored for the noisy intermediate-scale quantum era. Operations are conducted within the technology sector, with services aimed at enabling practical quantum advantage. Leadership is handled by co-founders Hannu Kauppinen as CEO and Ville Kotovirta as CTO. The companys domain is qmill.com.
Who are the top competitors of QMill?
QMill's top competitors include Aliro Technologies, Terra Quantum and Quantagonia.
What products or services does QMill offer?
QMill offers Quantum-Advantage Algorithms.
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