Quanscient Raises €10 Million, Leads the Shift to Quantum and AI-Native Hardware Engineering

Quanscient, the multiphysics simulation platform for the AI era, led by Juha Riippi, Alexandre Halbach, Asser Lähdemäki, Valtteri Lahtinen, and Andrew Tweedie, has raised a €10 million Series A funding round 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.

While AI has transformed many industries, hardware engineering continues to face limitations driven by slow, complex, trial-and-error workflows. According to a recent study by Quanscient, 89% of engineers regularly simplify physics models to meet runtime constraints.

Current AI models still struggle to accurately simulate real-world physics and lack sufficient training data, leaving simulation as a major bottleneck in engineering workflows.

With its new funding, Quanscient is accelerating international expansion and advancing development of a platform that combines simulation, quantum algorithms, and AI integration into a unified engineering workflow.

Juha Riippi, co-founder and CEO of Quanscient, emphasized that AI can only transform hardware engineering if simulation systems are rebuilt to support it, highlighting the company’s approach of making multiphysics simulation cloud-scalable and data-driven to generate the physics data required for AI-powered engineering design.

Quanscient enables fully digital product development and testing, reducing reliance on expensive physical prototypes by allowing engineers to evaluate multiple design options earlier in the process.

The platform delivers simulations up to 100× faster, cutting runtimes by as much as 99%, while its AI integration helps identify optimal design trade-offs, accelerate development timelines, and uncover solutions that may otherwise remain hidden.

Juha Riippi stated that industrial competitiveness increasingly depends on both speed and accuracy, highlighting that Quanscient’s cloud and quantum simulation architecture is designed to support a new generation of physics-aware AI models for hardware engineering.

Helmut Katzgraber highlighted that Quanscient’s cloud-native multiphysics platform, combined with its work in quantum algorithms and AI, enables significantly higher engineering throughput without compromising accuracy.

He also noted that these capabilities could become critical for industries such as nuclear fusion, advanced electronics, and quantum technologies.

“We are convinced that Quanscient, with its approach at the intersection of simulation, quantum computing, and AI, is setting a new standard for the development of physical products. As an investor in industrial tech companies that deliver clear value to industry, we see technologies like these as key to strengthening Europe’s industrial innovation capacity in the long term. We are excited to support the company on its journey”, says Julia Reilinger, Managing Director at B&C Group.