When was QMill founded?

QMill was founded in 2024 and raised its 1st funding round within a year of its incorporation.

Where is QMill located?

QMill is headquartered in Espoo, Finland.

Who is the current CEO of QMill?

Hannu Kauppinen of QMill. They have also founded 1 company.

How many employees does QMill have?

As of Aug 31, 2026, the latest employee count at QMill is 35.

Is QMill a funded company?

QMill is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Sep 17, 2024.

When was the latest funding round of QMill?

QMill's latest funding was a $***** Seed round on Sep 17, 2024, with participation from 3 investors.

Where does QMill rank among its competitors?

QMill ranks 3rd amongst 94 active competitors, of which 7 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Aliro Technologies, which secured $15M in Feb, 2026.

Who are the top competitors of QMill?

QMill's top competitors include Aliro Technologies, Terra Quantum and PrenishQ. Among them, Aliro Technologies secured the most recent funding round in February, 2026.

QMill - 2026 Company Profile, Team, Funding & Competitors

QMill is a seed company based in Espoo (Finland), founded in 2024 by Ville Kotovirta and Hannu Kauppinen. It operates as a Provider of quantum computing solutions. QMill has raised $4.5M in funding. The company has 94 active competitors, including 7 funded and 1 that has exited. Its top competitors include companies like Aliro Technologies, Terra Quantum and PrenishQ.

Company Details

Provider of quantum computing solutions. They claim their solution will trigger the era of practical quantum advantage with new quantum algorithms for the noisy intermediate scale quantum era.

Website: qmill.com/en
Email ID: *****@qmill.com
Phone Number: +358 **********

Key Metrics

Founded Year

2024

Location

Espoo, Finland

Stage

Seed

Total Funding

$4.5M in 1 round

Latest Funding Round

Seed, Sep 17, 2024, $*****

Investors

Maki & 2 more

Ranked

3^rd among 94 active competitors

Employee Count

35 as on Aug 31, 2026

Similar Companies

Aliro Technologies & 111 more

View QMill's full profile

QMill has raised a total funding of $4.5M over 1 round. Its latest funding round was a Seed round on Sep 17, 2024 for $*****. 3 investors participated in its latest round. QMill has 3 institutional investors.

Here is the list of recent funding rounds of QMill:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 17, 2024	7319376	Seed	4196888	5229393	4750703	4854372

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View details of QMill's funding rounds and investors

The founders of QMill are Ville Kotovirta and Hannu Kauppinen. Hannu Kauppinen is the CEO of QMill.

Here are the details of QMill's key team members:

Ville Kotovirta: Co-Founder & CTO of QMill.
Hannu Kauppinen: Co-Founder & CEO of QMill.
Contact Info: 1 email address

View details of QMill's Founder profiles and Board Members

QMill's employee count trend

QMill has 35 employees as of Aug 26. Here is QMill's employee count trend over the years:

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Top competitors of QMill include Aliro Technologies, Terra Quantum and PrenishQ. Here is the list of Top 10 competitors of QMill, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Aliro Technologies 2019, Boston (United States), Series B	Provider of cloud-based platform to access quantum computers	$17.7M	Flybridge Capital Partners, Gutbrain Ventures ... & 11 others	62/100
2nd	Terra Quantum 2019, St. Gallen (Switzerland), Series A	Provider of quantum as a service platform	$85.9M	Lakestar, Investcorp & 1 others	62/100
3rd	QMill 2024, Espoo (Finland), Seed	Provider of quantum computing solutions	$4.5M	Maki, Kvanted & 1 others	49/100
4th	PrenishQ 2022, Delhi (India), Seed	Developer of custom lasers, optics, electronics, and automation for quantum computing	$223K	BITS Pilani, I-HUB Quantum Technology Foundation ... & 1 others	33/100
5th	QuNorth 2025, Hellerup (Denmark), Series C	Operator of a quantum computer providing access to quantum technology	$93M	Danmarks Eksport og Investeringsfond, Novo Nordisk Foundation ... Read more	31/100
6th	PlanQK 2020, Berlin (Germany), Acquired	Provider of quantum computing-as-a-service	-	-	30/100
7th	QuantaMap Netherlands, Seed	Developer of advanced diagnostic tools for metrology and defect inspection in the quantum hardware and computing industry	$1.51M	QDNL Participations	26/100
8th	Qmet Tech 2024, Mumbai (India), Unfunded	Developer of quantum sensing imaging and metrology hardware and systems	-	-	25/100
9th	q99 2023, Palo Alto (United States), Funding Raised	AI based quantum as a service platform	-	Alina VC	25/100
10th	Error 2020, College Park (United States), Funding Raised	Provider of quantum computing solutions	-	OSTI	24/100