Algorithmiq
Artificial Intelligence · Biotechnology
$38.5Mtotal raised · 6 rounds on record
$19.4Mlatest round · Venture round · May 2026 · 6 mo ago
2backers · K5 Global, United Ventures
$279kgrants · 1 grant · CORDIS
Funding and backers
Total raised
$38.5M
6 rounds on record
Latest round
$19.4M
Venture round · May 2026 · 6 mo ago
Team
51-200
employees, estimated range
Grants
$279k
1 grant · CORDIS
Backers
2
K5 Global, United Ventures
The money's age
Fresh money
6 months since the last round · not hiring
Momentum
35/100
fresh money, rising traction
Last sign of life
1 mo ago
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Sep 1
Won a grant $279k · CORDIS
May 11
Raised a round Venture round $19.4M · led by United Ventures · Pulse 2.0
Nov 3, 2025
Partnership Finnish Startup Algorithmiq Partners with IBM to Discover New Drugs Using Quantum Algorithms · DongA Science
Dec 11, 2024
Partnership Algorithmiq Joins the QuEra Quantum Alliance to Accelerate Healthcare and Life Sciences Breakthroughs on Neutral-Atom Quantum Computers · YahooFinance
Jun 2, 2023
Board appointment Matteo Rossi, CTO · SEC Form D
Apr 21, 2023
Raised a round Venture round $14M · SEC Form D
Feb 7, 2023
Raised a round Convertible Note $250k · SEC Form D
Nov 15, 2022
Partnership IBM and Algorithmiq join forces to pave the way toward useful quantum advantage for quantum chemistry · Nasdaq
Mar 30, 2022
New executive Sabrina Maniscalco, CEO · SEC Form D
Mar 15, 2022
Raised a round Convertible Note $550k · SEC Form D
Dec 28, 2021
Raised a round Convertible Note $4.3M · SEC Form D
Apr 17, 2020
Founded per the company register
Tractionpublic signals, read monthly
Web presence
top 0.86%
of 133.2M domains by links, Common Crawl
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Grant | Sep 2026 | $279k | — | CORDIS |
| Venture round | May 2026 | $19.4M | United Ventures lead, Inventure | Pulse 2.0 |
| Venture round | Apr 2023 | $14M | — | SEC Form D |
| Convertible Note | Feb 2023 | $250k | — | SEC Form D |
| Convertible Note | Mar 2022 | $550k | — | SEC Form D |
| Convertible Note | Dec 2021 | $4.3M | — | SEC Form D |
Registers and programsofficial lists and records that name the company
| Legal entity | Algorithmiq Oy | ytj.fi |
| Registered | 17 Apr 2020 |
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Financials
Total raised
$38.8M
Latest round
Grant
Funding rounds
6
People
Jorma Ollila
Director
Jussi Westergren
Director
Haakon Overli
Director
Lauri Kokkila
Director
Names and roles come from public filings, company registers and the company's own site. Is this you? Correct or remove · How we handle this data
Connections
List
Graph
Found in company registers, site code, DNS and hiring. Each connection shows how sure we are and the evidence, with its source and date.
Shared investors
United VenturesVia a fund
K5 GlobalVia a fund
Click a company to open it. Dashed lines are likely connections. The second step of the network is part of the Pro plan.
Owner
Same company
Same group
Likely
News
IBM and Algorithmiq Demonstrate Quantum Advantage, Establishing a Framework for Trusted Quantum Computation Beyond Classical Verification
Today, Algorithmiq and IBM (NYSE: IBM) announced a major milestone in the development of quantum computing: a joint demonstration of quantum advantage with the simulation of a heterogeneous quantum material, achieved with a new framework that establishes
Read more
Report
IBM and Algorithmiq Demonstrate Quantum Advantage, Establishing a Framework for Trusted Quantum Computation Beyond Classical Verification
Today, Algorithmiq and IBM (NYSE: IBM) announced a major milestone in the development of quantum computing: a joint demonstration of quantum advantage with the simulation of a heterogeneous quantum material, achieved with a new framework that establishes
Read more
Report
IBM and Algorithmiq Demonstrate Quantum Advantage, Establishing a Framework for Trusted Quantum Computation Beyond Classical Verification
Today, Algorithmiq and IBM (NYSE: IBM) announced a major milestone in the development of quantum computing: a joint demonstration of quantum advantage with the simulation of a heterogeneous quantum material, achieved with a new framework that establishes
Read more
Report
IBM and Algorithmiq Demonstrate Quantum Advantage, Establishing a Framework for Trusted Quantum Computation Beyond Classical Verification
Read more
Report
Algorithmiq Closes €18 Million Funding Round And Moves Global HQ To Milan
Algorithmiq, a quantum computing software company, has closed an €18 million strategic funding round and relocated its global headquarters to Milan, Italy. The round was led by United Ventures, with participation from Inventure VC, and marks the largest v
Read more
Report
Finnish Startup Algorithmiq Partners with IBM to Discover New Drugs Using Quantum Algorithms
"Expecting Tangible Results in Chemistry Within 3 Years"
Read more
Report
Algorithmiq Joins the QuEra Quantum Alliance to Accelerate Healthcare and Life Sciences Breakthroughs on Neutral-Atom Quantum Computers
HELSINKI and BOSTON, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Algorithmiq, a team pioneering the integration of quantum computing, artificial intelligence (AI), and Network Science to solve complex problems in the Healthcare and Life Sciences, and QuEra Computin
Read more
Report
IBM and Algorithmiq join forces to pave the way toward useful quantum advantage for quantum chemistry
Algorithmiq, a Helsinki- based quantum computing startup, has entered into an engagement with IBM to progress in its exploration of quantum algorithms that attempt to solve complex issues in life sciences. This collaboration brings together IBM' s world-l
Read more
Report
Offices
Where the company hires and what each office is for
Cities
2
Hiring now
0
Countries
2
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Headquarters
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Helsinki
Finland
HQ
Milan
Italy
Regional office
At the forefront of quantum computing and chemistry
Via della Chiusa 15, 20123 Milano, Italia