Peter Sarlin’s AI startup Qutwo hits €325M valuation months after launch

Peter Sarlin’s AI startup Qutwo hits €325M valuation months after launch

A Finnish AI startup, co-founded by an executive whose previous startup was sold to US semiconductor giant AMD, has raised €25m in an angel round, giving it a €325m valuation, just months after its launch.

Helsinki-based Qutwo was co-founded by Peter Sarlin, whose previous startup Silo AI was sold to AMD for $665m in 2024. Qutwo has raised the round from angel investors, which include Legora’s Max Junestrand, Hugging Face’s Thomas Wolf and co-founders and owners from Schwarz Group, Index Ventures and Atomico, amongst others, it said.

Qutwo’s ambition is to build Europe’s leading AI lab for the quantum era. Qutwo is building a software platform called Qutwo OS that, it says, helps companies get more out of AI, as quantum computing develops.

It says it has secured more than €20m in contracted revenue since its February launch. Qutwo was founded by Sarlin, Kaj-Mikael Björk, Sarlin’s co-founder at Silo AI, and Kuan Yen Tan, co-founder at Finnish quantum outfit IQM.

It says it already employs more than 50 scientists and engineers from the likes of Microsoft Research, UC Berkeley, and and Cambridge University. Sarlin said: “Qutwo’s angel round provides us more than just capital. We are at a moment that comes once in a generation.

“We’re honoured to be backed by founders and investors who have built and backed category-defining global companies, as we build the platform for the next AI paradigm.”