Algorithmiq - About the company
Algorithmiq is a series B company based in Helsinki (Finland), founded in 2020 by Sabrina Maniscalco and Boris Sokolov. It operates as a Developer of quantum algorithms for chemistry and life science applications. Algorithmiq has raised $42.4M in funding from investors like Cassa depositi e prestiti Group, United Ventures and Inventure. The company has 17 active competitors, including 6 that are funded. Its top competitors include companies like QpiAI, Qunova Computing and Quantum Biosystems.
Company Details
Developer of quantum algorithms for chemistry and life science applications. The company develops algorithms that integrate classical and quantum computers. These algorithms address complex problems in quantum chemistry. They also offer solutions for drug discovery and development, targeting rare diseases. The company publishes research in peer-reviewed journals.
- Website
- algorithmiq.fi
- Social
- Email ID
- *****@algorithmiq.fi
Key Metrics
Founded Year
2020
Location
Helsinki, Finland
Stage
Series B
Total Funding
$42.4M in 3 rounds
Latest Funding Round
Investors
Ranked
2nd among 17 active competitors
Employee Count
55 as on Sep 30, 2026
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Algorithmiq's funding and investors
Algorithmiq has raised a total funding of $42.4M over 3 rounds. Its first funding round was on Feb 02, 2022. Its latest funding round was a Series B round on May 11, 2026 for $*****. 3 investors participated in its latest round. Algorithmiq has 10 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of Algorithmiq:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 11, 2026 | 5414777 | Series B | 7176489 | 9113793 | 3400129 | 8664443 |
Jun 02, 2023 | 8641332 | Series A | 9382322 | 2522931 | 6243619 | |
Feb 02, 2022 | 3169732 | Seed | 8151235 | 7425012 | 2986581 |
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Algorithmiq's founders and board of directors
Founder? Claim ProfileThe founders of Algorithmiq are Sabrina Maniscalco and Boris Sokolov. Sabrina Maniscalco is the CEO of Algorithmiq.
Here are the details of Algorithmiq's key team members:
- Sabrina Maniscalco: Co-Founder & CEO of Algorithmiq. Contact Info: 1 email address
- Boris Sokolov: Co-Founder of Algorithmiq. Contact Info: 1 email address
View details of Algorithmiq's Founder profiles and Board Members
Algorithmiq's employee count trend
Algorithmiq has 55 employees as of Sep 26. Here is Algorithmiq's employee count trend over the years:
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Algorithmiq's Competitors and alternates
Top competitors of Algorithmiq include QpiAI, Qunova Computing and Quantum Biosystems. Here is the list of Top 10 competitors of Algorithmiq, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of integrated quantum computing hardware and artificial intelligence software | $54.1M | 63/100 | ||
2nd | Algorithmiq 2020, Helsinki (Finland), Series B | Developer of quantum algorithms for chemistry and life science applications | $42.4M | 59/100 | |
3rd |  Qunova Computing 2021, Yuseong District (South Korea), Series A | Provider of AI-powered quantum computing solutions for the life science sector | $10M | 52/100 | |
4th | Quantum Biosystems 2013, Osaka (Japan), Series C | Developing DNA sequencers based on quantum mechanics | $35M | 39/100 | |
5th |  Allosteric Bioscience 2021, New York City (United States), Unfunded | Provider of a platform to create treatments for aging and longevity | - | - | 33/100 |
6th |  Polaris Quantum Biotech 2019, Durham (United States), Seed | Developer of a AI and quantum computing-based drug discovery platform | $2.48M | 31/100 | |
7th | Qulab 2017, Los Angeles (United States), Deadpooled | Provider of computational methods for molecular drug design | - | 28/100 | |
8th | QClairvoyance 2024, Secunderabad (India), Unfunded | Provider of quantum computing solutions | - | - | 27/100 |
9th |  GTN 2017, New York City (United States), Deadpooled | Provider of quantum computing-based software for drug discovery | $2.85M | 27/100 | |
10th |  Quantum Biosciences India, Seed | Developer of a platform for early detection of cellular injury | $75.7K | 22/100 |
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Algorithmiq's Investments and acquisitions
Algorithmiq has made no investments or acquisitions yet.
Reports related to Algorithmiq
Here is the latest report on Algorithmiq's sector:
News related to Algorithmiq
Filter this listMedia has covered Algorithmiq for a total of 6 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
•
Algorithmiq raised $15 million in Series A funding, led by Inventure VCJust•Aug 01, 2026•Algorithmiq
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Algorithmiq Raises €18 Million in Funding, Moves Global HQ to MilanEU-Startups•May 11, 2026•Algorithmiq, United Ventures, Inventure, Cassa depositi e prestiti Group and 1 other
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Algorithmiq Wins $2 Million Q4Bio Prize for Quantum-Driven Cancer Therapy SimulationQuantum Computing Report•Apr 17, 2026•Algorithmiq, IBM, Advisors Capital
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Algorithmiq and Microsoft Collaborate on Fault-Tolerant Quantum Solutions for Chemistry and Drug DiscoveryHpcwire•Dec 12, 2025•Algorithmiq, Microsoft, Lockheed Martin
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Algorithmiq Uses Quantum Circuits’ Aqumen Seeker for Drug Discovery AdvancementsHpcwire•Feb 12, 2025•Quantum Circuits, Algorithmiq
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Algorithmiq Joins the QuEra Quantum Alliance to Accelerate Healthcare and Life Sciences Breakthroughs on Neutral-Atom Quantum ComputersGlobeNewswire•Dec 11, 2024•Algorithmiq, QuEra
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NVIDIA partners with Algorithmiq to advance quantum computingChannelLife•Nov 19, 2024•Algorithmiq, Nvidia
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Algorithmiq Launches Error Mitigation Solution in IBM’s Qiskit Functions CatalogHpcwire•Sep 16, 2024•Algorithmiq, IBM
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Algorithmiq's Aurora drug discovery platform validates scalable error mitigation at IBM Quantum SummitTech.eu•Dec 04, 2023•Algorithmiq
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With a fresh €13.7 million in hand, Algorithmiq is poised to access the inaccessible in the world of drug discovery and developmentTech.eu•Jun 27, 2023•Algorithmiq, Inventure, Tesi, Presidio Ventures and 5 others
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