QMill, a Finnish quantum computing startup, just raised $4.5 million in seed funding with this pitch deck [Business Insider]
Nokia Corporation Sponsored American Depositary Shares (NOK)
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Source: Business Insider
QMill plans to develop energy-efficient algorithms for sectors like financial services and telecoms. QMill, a newly launched quantum computing startup, has raised $4.5 million in seed funding. Based in Espoo, Finland, QMill was founded by a team that includes Nokia Technologies' former CTO, Hannu Kauppinen, and a quantum computing professor, Mikko Möttönen Quantum computing has advanced significantly in recent years, but there are challenges slowing widespread adoption. QMill wants to make the sector more accessible and is developing algorithms for "near-term quantum computers to solve complex problems that are too large for existing supercomputers The company will focus on developing efficient quantum algorithms that are practical for sectors like financial services and telecoms. "Quantum computing is expected to solve complex computational problems that current, classical computers cannot do, and we want to make it accessible for real use cases," Kauppinen, CEO and cofoun
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