Algorithmiq moves global HQ to Milan and raises €18M in Italy’s largest quantum VC round

Quantum software company Algorithmiq has established Milan as its global headquarters, signalling its confidence and commitment to Italy and Europe as the future hub for leadership in the industrialisation of quantum algorithms. Algorithmiq has raised €18 million in funding led by United Ventures and Italian institutional investor CDP Venture Capital, with continued participation from Inventure VC. This funding round brings Algorithmiq’s total funding to €36 million and represents Italy’s largest-ever venture capital investment in a quantum startup. Algorithmiq develops quantum software that makes quantum computers useful, enabling breakthroughs in chemistry, materials science, and life sciences through physically meaningful, energy-efficient quantum computation. With operations in Finland, the UK, Ireland and the US, Algorithmiq is led by CEO and and Co-Founder Dr Sabrina Maniscalco, CSO and Co-Founder Dr Guillermo García-Pérez, CTO and Co-Founder Dr Matteo Rossi and Lead Researcher and Co-Founder Dr Boris Sokolov. To date, the quantum computing narrative has been dominated by the crowded race to develop hardware; Algorithmiq is building and industrialising the algorithmic layer in the technology that can transform quantum computers into tools with real-world applications. Algorithmiq’s decision to situate itself at the heart of the Italian quantum ecosystem reflects a deliberate European bet on quantum's software layer as the primary area of future innovation in the sector. Milan will serve as the base for Algorithmiq to further its commercial operations as the software partner to the world’s leading quantum hardware companies. From Italy, Algorithmiq will also tap into Europe’s deep scientific talent base to expand its rapidly growing team and leverage the region’s growing strategic focus on quantum. Algorithmiq’s relocation of its global headquarters to Milan (previously in Finland, where Algorithmiq will maintain significant operations) reflects Italy’s burgeoning quantum technology ecosystem and a broader European effort to close the gap between research and the commercialisation of deeptech. The decision follows Italy’s National Quantum Strategy, launched in 2025, and a committment to supporting the creation of a robust quantum infrastructure in Italy. Access to national and pan-European capital backing for quantum, paired with the Italian government’s progressive policy commitments, makes Milan a highly attractive strategic base for expansion across European and global markets. Rather than competing in the capital-intensive race for hardware, Algorithmiq focuses on building the algorithmic layer that helps quantum machines become tools of industrial value. According to Dr Sabrina Maniscalco, CEO and Co-Founder of Algorithmiq, 2026 is a year in which more meaningful applications of quantum will become a reality. “This strategic move and funding injection give us the template to hit scale and continue to serve and work with the biggest quantum players in the world. Our quantum software makes quantum computers actually useful, and we’re delighted to be taking that message global from our new headquarters in Milan. As quantum computing matures, the question is shifting from who can build the biggest machine to who can make the machines matter. That challenge sits at the intersection of science, software, and industrial execution, and it is increasingly where the real competitive edge may lie.” Jacopo Drudi, Partner at United Ventures, sees quantum as an opportunity for Europe to set the pace rather than follow it. "Italy has always been at the frontier of the mathematical and physical sciences — from Leonardo to Fermi to Marconi — and that foundation gives us a structural advantage in this next technological revolution. Bringing a world-class international team like Algorithmiq to Milan is a win not just for United Ventures, but for the country. We are building a continental tech titan, and for European quantum talent looking to come home, Italy now has a place where they can do their best work." Professor Tommaso Calarco said: "It is particularly valuable when a company’s trajectory sends a broader signal about where innovation can be built. Europe needs more of this: decisions that connect scientific excellence, entrepreneurship, and long-term industrial ambition. Italy is well placed to play a role in this context." Professor Calarco authored the Quantum Manifesto that launched the European Commission’s Quantum Flagship, where he currently serves as Chair of the Quantum Community Network (QCN).