# Algorithmiq

**Source:** https://www.startuphub.ai/startups/algorithmiq
**Profile type:** Startup

> Quantum software company enabling breakthroughs in chemistry, materials science, and life sciences.

## About

Algorithmiq is a Helsinki-based quantum software company founded in 2020. They develop quantum software that makes quantum computers useful for applications in chemistry, materials science, and life sciences. Their approach focuses on physically meaningful, energy-efficient quantum computation. They have developed a scalable end-to-end computational framework that combines quantum computing and AI for real therapeutic problems, demonstrated on up to 100 qubits. Their work has shown the potential of quantum computing to simulate complex therapeutics and open a credible path to near-term quantum advantage in health.

## Key facts

- **Slug:** algorithmiq
- **Website:** https://algorithmiq.fi/
- **Location:** Helsinki, Finland
- **Founded:** 2020-01-01 00:00:00
- **Employees:** 49
- **Operating status:** Active
- **Total funding:** $38M
- **Sectors / tags:** Quantum Computing, Biotechnology, Pharmaceuticals, Artificial Intelligence, Quantum Software, Drug Discovery, Life Sciences, Materials Science, Chemistry, HealthTech, AI-Driven Drug Discovery, Quantum Algorithms
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/algorithmiq

## Frequently asked

### What does Algorithmiq do?

Algorithmiq is a Helsinki-based quantum software company founded in 2020. They develop quantum software that makes quantum computers useful for applications in chemistry, materials science, and life sciences. Their approach focuses on physically meaningful, energy-efficient quantum computation. They have developed a scalable end-to-end computational framework that combines quantum computing and AI for real therapeutic problems, demonstrated on up to 100 qubits. Their work has shown the potential…

### How much funding has Algorithmiq raised?

Algorithmiq has raised a total of $38M in funding. The most recent round on record is Series B.

### Where is Algorithmiq headquartered?

Algorithmiq is headquartered in Helsinki, Finland.

### When was Algorithmiq founded?

Algorithmiq was founded in 2020.

### What industry does Algorithmiq operate in?

Algorithmiq operates in Quantum Computing, Biotechnology, Pharmaceuticals, Artificial Intelligence, Quantum Software, Drug Discovery.

### How many employees does Algorithmiq have?

Algorithmiq has approximately 49 people on record.

### What is Algorithmiq's revenue?

StartupHub estimates Algorithmiq's annual revenue at $11.4M (range $6.0M to $20.3M, 64% confidence), based on comparable companies in the sector.

### What is Algorithmiq's valuation?

StartupHub estimates Algorithmiq's effective valuation at $152.0M (range $95.3M to $228.8M, 22% confidence), based on comparable companies in the sector.

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