Quanscient

Tampere, Finland Founded: 2021 • Age: 5 yrs
Provider of a cloud-based quantum simulation platform
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About Quanscient

Quanscient is a company based in Tampere (Finland) founded in 2021.. Quanscient has raised $9.94 million across 4 funding rounds from investors including Business Finland, Maki.vc and Crowberry Capital. Quanscient offers products and services including Quanscient Allsolve. Quanscient operates in a competitive market with competitors including 2nd Watch, Crayon, Megazone Cloud, All Cloud and Ukcloud, among others.

  • Headquarter Tampere, Finland
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Technology → Quantum & Emerging Technologies
Technology → Enterprise IT Services & Distribution
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $9.94 M (USD)

    in 4 rounds

  • Latest Funding Round
    $5.66 M (USD), Series A

    Nov 05, 2024

  • Investors
  • Employee Count
    Employee Count
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Products & Services of Quanscient

Quanscient offers a comprehensive portfolio of products and services, including Quanscient Allsolve. 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.

Primary

Cloud platform for advanced multiphysics simulations in engineering.

People of Quanscient
Headcount 10-50
Employee Profiles 13
Employee Profiles
People
Juha Riippi
CEO
People
Antti Palola
Full-stack Developer
People
Thong Hoang
Full Stack Developer
People
Alexandre Halbach
Chief Technology Officer

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Funding Insights of Quanscient

Quanscient has successfully raised a total of $9.94M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $5.66 million completed in November 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 Rounds 4
  • Last Round Series A — $5.7M
  • First Round
  • Investors Count 5
Date Amount Transaction Name Valuation Lead Investors Investors
Nov, 2024 Amount Series A - Quanscient Valuation Crowberry Capital
Apr, 2023 Amount Seed - Quanscient Valuation Maki
Apr, 2023 Amount Debt – Conventional - Quanscient Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Quanscient

Quanscient has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Business Finland, Maki.vc and Crowberry Capital. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
A venture capital firm based in Helsinki, Finland, is operated.
Founded Year Domain Location
A Nordic venture capital firm investing in tech startups.
Founded Year Domain Location
Venture capital investments are made in early-stage tech startups.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Quanscient

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Quanscient

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Quanscient Comparisons

Employees
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Competitors of Quanscient

Quanscient 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 2nd Watch, Crayon, Megazone Cloud, All Cloud and Ukcloud, 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
Public cloud workload management tools and services are provided.
domain founded_year HQ Location
Crayon is involved in unspecified business activities.
domain founded_year HQ Location
AWS cloud services are provided, including consulting, deployment, and management.
domain founded_year HQ Location
Services for the development and support of cloud-based applications
domain founded_year HQ Location
Cloud services in PaaS, SaaS, and IaaS are provided.
domain founded_year HQ Location
Cloud-based virtual classroom platform for enterprises
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Quanscient

Frequently Asked Questions about Quanscient

When was Quanscient founded?

Quanscient was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Where is Quanscient located?

Quanscient is headquartered in Tampere, Finland.

Is Quanscient a funded company?

Quanscient is a funded company, having raised a total of $9.94M across 4 funding rounds to date. The company's 1st funding round was a Seed of $4.27M, raised on Apr 20, 2023.

What does Quanscient do?

Quanscient was founded in 2021 in Tampere, Finland, as a provider in the quantum computing sector. A cloud-based platform and API are offered to support custom simulation solutions for diverse applications. These include designs in electromagnetic, mechanical, and aerodynamic fields. Operations focus on enabling quantum computing advancements through accessible, scalable tools for developers and researchers.

Who are the top competitors of Quanscient?

Quanscient's top competitors include Crayon, Megazone Cloud and All Cloud.

What products or services does Quanscient offer?

Quanscient offers Quanscient Allsolve.

Who are Quanscient's investors?

Quanscient has 5 investors. Key investors include Business Finland, Maki.vc, Crowberry Capital, First Fellow Partners, and Speen Holdings.

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