Algorithmiq is a company developing advanced algorithms to solve complex problems in life sciences.
Our mission is to revolutionise life sciences by exploiting the potential of quantum computing to solve currently inaccessible problems.
We combine our expertise in quantum information, complex systems, and computational physics to develop algorithms that run on near-term quantum devices to discover new drugs and develop new materials
Our mission is to revolutionise life sciences by exploiting the potential of quantum computing to solve currently inaccessible problems.
We combine our expertise in quantum information, complex systems, and computational physics to develop algorithms that run on near-term quantum devices to discover new drugs and develop new materials
Location: Finland, Mainland Finland, Helsinki
Employees: 11-50
Total raised: $19.01M
Founded date: 2020
Investors 1
Funding Rounds 2
| Date | Series | Amount | Investors |
| 28.06.2023 | Series A | $15.01M | - |
| 02.02.2022 | Seed | $4M | - |
Mentions in press and media 14
| Date | Title | Description |
| 28.10.2024 | 5 years of Not Optional campaign sees European startups catch up on employee stock options | Today marks the fifth anniversary of Not Optional – the Index Ventures-led campaign to improve stock option rules and improve conditions for employee ownership of Europe's startups. Not Optional launched in 2019 with the support of more tha... |
| 13.09.2024 | Draghi report sounds alarm on Europe's competitive decline | This week, the European Union released a report about the future of European competitiveness authored by Mario Draghi, former Italian prime minister and president of the European Central Bank. The nearly 400-page report, a year in the makin... |
| 05.12.2023 | Algorithmiq Demonstrates Path to Quantum Utility With IBM | On stage at the IBM Summit, Algorithmiq unveils unprecedented error mitigation results of a large –scale experiment run on IBM hardware Algorithmiq, a scaleup developing quantum algorithms to solve the most complex problems in life sciences... |
| 21.08.2023 | Phasecraft Wants To Power The Clean Energy Transition With Their Quantum Algorithm | 14 July 2022, Bavaria, Garching: A cryostat from a quantum computer stands during a press tour of ... [+] the Leibniz Computing Center. A quantum computer does not store information in the form of bits, which can only assume two possible st... |
| 28.06.2023 | Helsinki-based quantum scaleup Algorithmiq raises €13.7 million to dramatically reduce time and cost of drug discovery | - |
| 27.06.2023 | With a fresh €13.7 million in hand, Algorithmiq is poised to access the inaccessible in the world of drug discovery and development | Finland’s quantum-computing-based software developer Algorithmiq has raised €13.7 million in a Series A funding round. Developing noise-resilient quantum algorithms specifically attuned to the drug discovery and development market, Algorith... |
| 27.06.2023 | Algorithmiq Raises $15M in Series A Funding | Professor Sabrina Maniscalco / Kuva: Valokuvaaja Jussi Vierimaa 2022 Algorithmiq, a Helsinki, Finland-based company developing quantum algorithms, raised $15M in Series A funding. The round was led by Inventure VC, with participation from T... |
| 27.06.2023 | Finnish startup Algorithmiq raises €13.7M in a Series A funding | Finnish startup Algorithmiq raises €13.7M in a Series A funding 27 June, 2023, 12:58 Rostyslav Sobachynskyi --> --> --> -->--> --> --> --> --> --> --> --> --> Helsinki-based quantum-computing-based ... |
| 19.05.2023 | 10 European quantum computing startups approaching superposition | Quantum computing is a technology that uses the laws of quantum mechanics and applies it to solving problems that are, well, otherwise unsolvable in the world of classical computing. We've seen not only a number of new startups blossom in r... |
| 15.11.2022 | Tiger Global-backed Algorithmiq to collaborate with IBM over drug discovery using Quantum | Algorithmiq, a Helsinki-based quantum computing startup, has pulled in a deal with IBM to super-charge its exploration of quantum algorithms applied to the life sciences. The collaboration will attempt to dramatically cut the time and cost ... |
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