Quanscient, a Finnish company specializing in multiphysics simulations, has raised €5.2 million ($5.68 million USD) in a funding round led by Crowberry Capital with additional investments from Speen Holding, Maki.vc, and First Fellow. This financing will support Quanscient’s mission to incorporate quantum computing into engineering simulations, enabling faster and more efficient product development across industries such as fusion energy, semiconductors, and biomedical devices. The funding enhances Quanscient’s capacity to integrate cloud-native multiphysics solvers with future-ready quantum algorithms.
Known for its pioneering quantum algorithms, Quanscient is the first company to perform Computational Fluid Dynamics (CFD) simulations on quantum hardware. These advanced simulations provide engineers with significant improvements in simulation capacity, accuracy, and speed—up to a hundredfold compared to conventional CAE software. Quanscient’s model, which includes unlimited user access, supports global teams and aims to reduce reliance on physical testing.
With plans to release its first quantum simulation product in early 2025, Quanscient is positioned at the forefront of quantum-enabled engineering. The platform’s enhanced simulation capabilities aim to reduce time-to-market, lower development risks, and enable rapid iteration for complex product designs, providing substantial value for high-tech industries.
For additional information, refer to the Quanscient’s press release here.
November 5, 2024
