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May 11, 2026

Exclusive: Quantum software startup Algorithmiq raises €18m, relocates to Italy

The startup recently demonstrated ‘quantum advantage’ in an experiment conducted in partnership with IBM

Algorithmiq, a startup developing and selling algorithms for quantum computers, has raised an €18m Series B and moved its headquarters from Helsinki in Finland to Milan in Italy.

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Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

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