Algorithmiq Establishes Milan Headquarters and raises €18m to Position Europe as the Future of Quantum Software

Algorithmiq, bringing quantum to life, led by Sabrina Maniscalco, Guillermo García-Pérez, Matteo Rossi, and Boris Sokolov, has raised €18 million in funding led by United Ventures and Italian institutional investor Cassa Depositi e Prestiti (CDP), with continued participation from Inventure VC. This funding round brings Algorithmiq’s total funding raised to €36m, and represents  Italy’s largest-ever venture capital investment in a quantum startup.

While the quantum computing industry has largely focused on hardware development, Algorithmiq is building the algorithmic layer designed to enable real-world quantum applications.

The company’s presence in Italy reflects Europe’s growing focus on quantum software as a key area of innovation.

Milan will serve as the base for Algorithmiq’s commercial operations as the software partner to leading quantum hardware companies.

From Italy, the company plans to expand its team by leveraging Europe’s scientific talent base and the region’s growing strategic focus on quantum technologies.

Betting on Italy’s Quantum Future

Algorithmiq’s decision to relocate its global headquarters to Milan from Finland reflects the growth of Italy’s quantum technology ecosystem and Europe’s broader push to commercialise deeptech research.

The move follows Italy’s 2025 National Quantum Strategy and growing public support for quantum infrastructure. Combined with increasing access to European quantum capital and supportive government policies, Milan is emerging as a strategic base for expansion into global markets.

Industrialising Quantum Algorithms

Italy’s long-standing legacy in physics research, from the Via Panisperna Boys led by Enrico Fermi to today’s research ecosystem, continues to influence the next generation of quantum technologies. As the industry matures, advances in algorithms are becoming just as critical as hardware development for achieving commercially useful quantum computing.

Rather than competing in the hardware race, Algorithmiq is focused on building the algorithmic layer that enables quantum systems to deliver industrial value.

The company recently won the $2 million Wellcome Leap Q4Bio Challenge, becoming the first company to demonstrate end-to-end quantum-classical algorithms capable of simulating complex therapeutics, ahead of teams from Harvard University, University of Oxford, Stanford University, University of Nottingham, and Infleqtion.

In 2025, Algorithmiq also became the first company to achieve quantum advantage for a practical scientific problem using a proprietary model on IBM quantum hardware. The milestone followed the launch of its commercial quantum noise mitigation product on IBM’s Qiskit Functions Catalog.

The relocation to Milan and the latest funding round follow strong commercial momentum in 2025, including major agreements with Microsoft, IBM, and Rigetti Computing.

“2026 is expected to be a major year for practical quantum applications,” said Sabrina Maniscalco. Algorithmiq’s new headquarters in Milan and latest funding round will support global expansion and partnerships with leading quantum companies.

The company is focused on making quantum computers commercially useful through software and algorithms rather than hardware alone.

“With quantum computing, Europe has an opportunity to lead rather than follow,” said Jacopo Drudi. Italy’s long-standing strength in mathematics and physics was highlighted as a strategic advantage in the emerging quantum industry.

The relocation of Algorithmiq to Milan was described as an important step toward building a major European quantum technology company and attracting top talent back to the region.

“Europe needs more companies that connect scientific excellence, entrepreneurship, and long-term industrial ambition,” said Tommaso Calarco, adding that Italy is well-positioned to contribute to the growth of the quantum industry.

Tommaso Calarco authored the Quantum Manifesto that helped launch the European Commission Quantum Flagship and currently serves as Chair of the Quantum Community Network (QCN).