QMill
QMill is a Finnish quantum-software company developing AI-powered quantum algorithms and circuit compression tools for the NISQ era, serving enterprise customers in telecommunications, logistics, energy, and finance via its QMill Quantum Advantage Services SaaS platform.
- Company typePrivate
- Founded2024
- HeadquartersEspoo, Finland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What QMill does
QMill (QMill Oy) is a Finnish quantum-algorithm and quantum-software company founded in 2024 and headquartered in Espoo, Finland. The company develops AI-powered quantum algorithms and software designed to deliver practical utility on today's noisy intermediate-scale quantum (NISQ) hardware, rather than targeting longer-dated fault-tolerant systems. Its core technology stack includes AI-powered quantum circuit compression (typically reducing gate counts and circuit depth by 20–50% across IBM, Rigetti, IonQ, IQM, and Quantinuum native gate sets), a classically verifiable quantum advantage algorithm designed for 48-qubit hardware at 99.94% accuracy, a quantum-enhanced data encryption method for mobile networks, and the Supernova algorithm design engine funded by Business Finland for NISQ-era hardware-aware algorithm development.
QMill's commercial portfolio is anchored by the QMill Quantum Advantage Services platform, which delivers SaaS access to its algorithms through a Python SDK (qas-sdk) and API, with the flagship QMill Circuit Compression product launched at Slush in November 2025. The company operates a dual go-to-market: a product-led motion targeting quantum researchers and developers via free trial sign-up alongside an enterprise field-sales motion pursuing proof-of-concept and joint development projects with industrial partners. Named enterprise engagements include Telia (quantum-enhanced mobile network encryption, demonstrated to the Finnish Defense Forces) and ESL Shipping (Smart Fleet Optimization across a ~40-vessel Baltic dry bulk fleet), with stated target verticals spanning finance, telecommunications, energy, and logistics/maritime.
Revenue mechanics combine (i) subscription/recurring SaaS income from QMill Circuit Compression (QMill-hosted and private-cloud deployments, pricing undisclosed), (ii) grant-based R&D funding from Business Finland (€1M in 2024 plus €1.70M for Supernova in May 2026), and (iii) venture capital and angel funding (€4M seed in September 2024 from Maki.vc, Antler, and Kvanted, plus investments from Peter Sarlin, Pekka Lundmark, and Antti Vasara).
QMill firmographics
Firmographics- Name
- QMill
- Legal name
- QMill Oy
- Website
- https://qmill.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- QMill is a Finnish quantum-software company developing AI-powered quantum algorithms and circuit compression tools for the NISQ era, serving enterprise customers in telecommunications, logistics, energy, and finance via its QMill Quantum Advantage Services SaaS platform.
- Ownership category
- akta.pro rank
QMill industry classification
Industry- Product category
- Quantum Computing Software
- NAICS
- Semiconductor and Related Device Manufacturing (334413)
- SIC
- Semiconductors & Related Devices (3674)
- akta.pro primary industry
- Quantum Machine Learning (QML) (HDAGADAC)
- akta.pro secondary industries
- QCaaS Platforms & Developer Portals (HDAGAIAB), Quantum Compilation Toolkits (Frontend SDK Layer) (HDAGACAF)
Keywords
Where QMill is headquartered
LocationHeadquarters
- HQ city
- Espoo
- HQ country
- Finland
- HQ region
- Europe
Offices1 record
Markets served
QMill business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- QMill Circuit Compression SaaS: AI-powered quantum circuit compression service available as QMill-hosted SaaS and private-cloud deployment. Customers pay for quantum circuit compression services to reduce gate count and improve hardware performance.
- Government Research Grants: Business Finland corporate research grants for industrial quantum simulation projects, including €1.70M for QMill's Supernova algorithm design engine.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free trial access to QMill Quantum Advantage Services platform |
| Subscription | Annual | QMill-hosted SaaS and private cloud deployment options |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
QMill product offering
Product offeringCore offering
QMill develops and sells AI-powered quantum algorithms and software for use on near-term NISQ-era quantum hardware. Its flagship product is QMill Circuit Compression, a SaaS service that compresses quantum circuits to reduce gate count by 20-50%, and the broader QMill Quantum Advantage Services platform providing API/SDK access to its quantum software suite. The company also engages in enterprise joint development projects for industrial optimization challenges in finance, telecom, logistics, energy, and defense.
Product overview
QMill is a quantum-algorithm and software company developing products for real-world industrial use on existing and near-term quantum computers. Its portfolio is organized around the QMill Quantum Advantage Services platform, which provides access to a suite of quantum software products. The core flagship product is QMill Circuit Compression, an AI-powered service for compressing quantum circuits, launched in November 2025. QMill also offers its Quantum Advantage Algorithm (a classically verifiable quantum advantage algorithm targeting 48-qubit hardware), a quantum-enhanced data encryption method (demonstrated with Telia for mobile networks), and the Supernova algorithm design engine (a NISQ-era hardware-aware algorithm funded by Business Finland). The platform is accessible via a QMill-hosted SaaS service and private-cloud deployment, with programmatic access provided through a Python SDK.
Differentiator
Problem solved
Functional benefit
Brands
- QMill Circuit Compression: AI-powered quantum circuit compression service that helps compress, run, and compare quantum circuits.
- QMill Quantum Advantage Services
Products and services
- QMill Circuit Compression An AI-powered quantum circuit compression SaaS service that reduces gate count and circuit depth by typically 20-50% while preserving full functionality, enabling more complex workloads to run on current NISQ-era quantum hardware. Available as a QMill-hosted service and as private-cloud deployment, with API/SDK access. Targeted at quantum researchers, developers, and enterprise users in finance, telecom, energy, and logistics.
- QMill Quantum Advantage Services Platform A cloud-based platform providing access to QMill's quantum algorithm products and services including circuit compression, verification, and optimization. Provides both SaaS access and programmatic access via Python SDK/API (pip install qas-sdk).
Quantifiable outcome
- 20-50% reduction in gate count and circuit depth
- +3 more outcomes
Companies that use QMill
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
QMill technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature4 records
QMill partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- TeliacoreJoint development of quantum-enhanced message encryption for mobile networks. The method protects communications against attacks using either classical or quantum resources. Demonstrated with Finnish Defense Forces and positioned as potential new standard for encrypted communications.
- ESL ShippingcoreMulti-year Smart Fleet Optimization project exploring quantum computing applications for fleet-level planning and decision-making in maritime operations. Combines ESL Shipping's operational data with QMill's quantum-classical hybrid optimization algorithms to optimize fleet scheduling, fuel efficiency, and emission compliance across approximately 40 vessels.
- École de technologie supérieure (ÉTS)coreStrategic research collaboration to conduct deep-tech research as well as test and benchmark algorithms relevant to real-world challenges. Partnership enables shared projects, researcher exchanges, and technology transfer between Finland and Québec quantum ecosystems. Terms finalized November 2025.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
QMill competitors and assessment
Company assessmentDirect peers
- Classiq: Classiq provides a quantum software development platform for designing and optimizing quantum circuits and algorithms. Direct competitor to QMill Circuit Compression with similar target customers (enterprise developers) and product category (quantum circuit synthesis/optimization SaaS).
- Multiverse Computing: Multiverse Computing develops quantum and quantum-inspired algorithms for finance, energy, and logistics. Direct peer competing in the same enterprise quantum software vertical with similar customer profile (industrial optimization, financial services) and a focus on near-term practical value.
- QC Ware: QC Ware builds quantum and quantum-inspired algorithms for enterprise customers in finance, pharma, and logistics. Direct peer providing quantum SaaS to enterprise developers with similar business model of algorithm licensing and managed quantum services.
- Zapata Computing: Zapata Computing offers Orquestra, a quantum workflow platform for building quantum-classical applications. Direct competitor providing enterprise quantum software tools with similar focus on bridging classical and quantum workflows for industrial customers.
- 1QBit: 1QBit is a quantum software company developing hardware-agnostic algorithms for optimization, simulation, and machine learning. Compares to QMill through its focus on practical near-term quantum algorithms serving enterprise customers in finance, materials, and healthcare.
Broad incumbents
- Quantinuum: Quantinuum is a major full-stack quantum computing company combining trapped-ion hardware with a software platform (TKET, InQuanto). Compares to QMill because they offer quantum algorithms and software tools for enterprise use cases across chemistry, finance, and optimization.
- IBM Quantum: IBM Quantum offers Qiskit and cloud access to superconducting quantum hardware along with circuit optimization tools. Compares as a broad incumbent offering overlapping quantum software capabilities as part of a much larger platform portfolio including hardware.
Others
- IQM Quantum Computers: IQM is a European quantum hardware manufacturer co-founded by QMill's chief scientist Mikko Möttönen. Adjacent peer (hardware rather than software) with deep personnel and ecosystem ties, including multi-gate set support that QMill Circuit Compression optimizes for.
Emerging players
- Pasqal: Pasqal is a neutral-atom quantum hardware company that also develops software tools for its platforms. Compares as an emerging player with overlapping quantum software activities focused on industrial applications, though primarily hardware-anchored.
- QuEra Computing: QuEra develops neutral-atom quantum computers and offers cloud access to its hardware via Aquila. Compares as an emerging player with overlapping quantum software/algorithm offerings targeting enterprise and research customers, though hardware-centric.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
QMill social profiles
Digital presenceQMill financial estimates
Financial estimateRevenue estimate
Valuation estimate
QMill leadership team
Management profileNumber of profiles
Profiles10 records
QMill funding detail
Funding detailFunding overview
Funding rounds2 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
QMill M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about QMill
What does QMill do?
QMill develops and sells AI-powered quantum algorithms and software for use on near-term NISQ-era quantum hardware. Its flagship product is QMill Circuit Compression, a SaaS service that compresses quantum circuits to reduce gate count by 20-50%, and the broader QMill Quantum Advantage Services platform providing API/SDK access to its quantum software suite. The company also engages in enterprise joint development projects for industrial optimization challenges in finance, telecom, logistics, energy, and defense.
Is QMill a public or private company?
QMill is a private company. It is classified as venture growth investor backed and is currently operating.
When was QMill founded?
QMill was founded in 2024. It employs 11 to 50 people.
Where is QMill based?
QMill is headquartered in Espoo, Finland, in the Europe region.
How does QMill make money?
Two revenue lines are on record. QMill Circuit Compression SaaS are the primary driver. The others are government Research Grants.
Who are QMill's main competitors?
Direct peers on record are Classiq, Multiverse Computing, QC Ware, Zapata Computing and 1QBit. Broad incumbents are Quantinuum and IBM Quantum. IQM Quantum Computers is listed as an others. Emerging players are Pasqal and QuEra Computing.
Does QMill have an API?
Yes. QMill Quantum Advantage Services (QAS) platform provides programmatic access via a Python SDK (qas-sdk) installable via pip, and a public GitHub repository (github.com/qmill-org/qas-sdk). The API and SDK enable users to access quantum circuit compression and other QMill services programmatically for integration into their own workflows. Developer documentation is at github.com/qmill-org/qas-sdk.
What industry is QMill in?
QMill's product category is Quantum Computing Software. Its primary akta.pro industry code is HDAGADAC, Quantum Machine Learning (QML), with a secondary code of HDAGAIAB, QCaaS Platforms & Developer Portals. Its NAICS code is 334413 and its SIC code is 3674.