Quanscient announced it has raised €10 million in a Series A funding round to accelerate international expansion and strengthen its position in multiphysics simulations, quantum algorithms, and AI-native hardware engineering.
The round was led by 55 North and B&C Group, with full participation from existing investors Maki.vc, Crowberry Capital, QAI Ventures, and First Fellow Partners.
Founded in 2021, Quanscient develops cloud- and quantum-powered multiphysics simulation software designed to transform research and development through digital prototyping. The company said its platform helps engineering teams move beyond the limitations of traditional simulation workflows by enabling code-driven, cloud-scalable simulations that generate the large volumes of multiphysics data AI systems need to learn from real-world physics.
The company noted that while AI has reshaped many industries, hardware engineering continues to face significant bottlenecks due to slow and complex simulation processes. According to Quanscient’s recent study, 89% of engineers simplify their physics models to fit runtime budgets, limiting accuracy and slowing innovation. Quanscient said its platform is designed to eliminate these constraints by enabling significantly faster simulations while improving product development quality and reducing time-to-market.
Quanscient’s technology is being used across industries, including energy, aerospace, and automotive, with customers spanning Europe, North America, and Japan, including Fortune 100 companies. The company said its platform enables fully digital product development and testing, reducing reliance on expensive physical prototypes and allowing engineers to evaluate more design alternatives earlier in the development cycle.
According to the company, its platform can deliver simulations up to 100 times faster while reducing runtime by up to 99%. The integration of AI capabilities is designed to help engineering teams identify optimal design trade-offs, accelerate implementation timelines, and uncover solutions that may otherwise remain hidden.
The new funding will support Quanscient’s global expansion efforts and further development of what it describes as the market’s first platform combining simulation, quantum algorithms, and AI integration into a unified engineering environment.
KEY QUOTES:
“AI will not transform hardware engineering unless simulation itself is rebuilt for it. By making multiphysics code-driven and cloud-scalable, we generate the volume of physics data that AI needs, turning simulation from a bottleneck into the engine of data-driven design. This brings to hardware engineering the same shift AI has delivered for software.
Industrial competitiveness depends on both speed and accuracy. The architecture we’ve built for cloud and quantum simulation is also the foundation for an entirely new category of AI and will enable the physics-aware AI models that hardware engineering has been waiting for.”
Juha Riippi, Co-Founder and CEO, Quanscient
“Engineering teams are under pressure to explore much larger design spaces and more complex physics than legacy tools were built for. Quanscient’s cloud-native multiphysics platform, combined with forward-looking work on quantum algorithms and AI tools, gives customers a future-proof step-change in throughput without sacrificing accuracy. We believe this capability will be critical for innovators in areas like nuclear fusion, advanced electronics, and quantum technologies, and we are thrilled to back the team on this journey.”
Helmut Katzgraber, Chief Science Officer & General Partner, 55 North
“We are convinced that Quanscient, with its approach at the intersection of simulation, quantum computing, and AI, is setting a new standard for the development of physical products. As an investor in industrial tech companies that deliver clear value to industry, we see technologies like these as key to strengthening Europe’s industrial innovation capacity in the long term. We are excited to support the company on its journey.”
Julia Reilinger, Managing Director, B&C Group
