Qai Venturescom

Finland’s Quanscient raises €10 million to scale its multiphysics simulation platform for the AI era

Quanscient, a Tampere-based startup specialising in cloud-based multiphysics simulation technology and quantum algorithms, today announced a €10 million Series A funding round to accelerate its international expansion. The round was led by Danish quantum fund 55 North and Austrian industrial investor B&C Group, with full re-participation from existing investors Maki.vc, Crowberry Capital, QAI Ventures, and First Fellow Partners. “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. Quanscient was founded by Juha Riippi, Alexandre Halbach, Asser Lähdemäki, and Valtteri Lahtinen in 2021, and Andrew Tweedie joined as the fifth fo