Funding

Finland’s Quanscient Raises €10 Million Funding In Series A Round

May 26, 2026 | By Oliver Bennett

Quanscient a Tampere-based deeptech startup, has raised €10 million in Series A funding to accelerate international growth and advance its simulation platform combining cloud computing, quantum algorithms and AI.

SUMMARY

Quanscient a Tampere-based deeptech startup, has raised €10 million in Series A funding to accelerate international growth and advance its simulation platform combining cloud computing, quantum algorithms and AI.

Founded in 2021 by Juha Riippi, Alexandre Halbach, Asser Lähdemäki, Valtteri Lahtinen and joined by Andrew Tweedie in 2024 the company develops cloud-based multiphysics simulation software designed to transform engineering R&D through accurate digital prototyping.

The round was led by 55 North and B&C Group, with participation from existing investors Maki.vc, Crowberry Capital, QAI Ventures, and First Fellow Partners.

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Quanscient says its platform enables engineers to simulate real-world physics faster and more accurately, reducing dependence on physical prototypes, accelerating product development, and helping industries such as energy, aerospace, and automotive bring products to market more efficiently.

“AI will not transform hardware engineering unless simulation itself is rebuilt for it. By making multiphysics code-driven and cloud-scalable, we generate the volume of physics data that AI needs, turning simulation from a bottleneck into the engine of data-driven design. This brings to hardware engineering the same shift AI has delivered for software,” Quanscient co-founder and CEO Juha Riippi said.

About Quanscient

Quanscient offers cloud-based simulation software that helps engineers test and improve products online through a web browser. Its platform makes simulations faster and easier, helping companies develop products more quickly, reduce physical testing and speed up innovation across industries.