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.
The quantum software company 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.
Also, Algorithmiq has raised €18 million in funding led by United Ventures and Italian institutional investor Cassa Depositi e Prestiti (CDP), with continued participation from Inventure VC. This funding round brings Algorithmiq’s total funding raised to €36 million, and represents Italy’s largest-ever venture capital investment in a quantum startup.
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, with a commitment to support 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.
Industrialising quantum algorithms
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.
Algorithmiq has recently become the sole winner of the $2 million Wellcome Leap Q4Bio Challenge, making it the first company ever to prove that end-to-end quantum-classical algorithms can simulate complex therapeutics, marking a clear path to commercially useful quantum computing.
In 2025, Algorithmiq also became the first company globally to achieve quantum advantage for a useful scientific problem using an Algorithmiq-designed model on IBM quantum hardware. This followed the launch of its commercially available quantum product, an algorithm for noise mitigation designed for researchers and industry practitioners alike, on IBM’s Qiskit Functions Catalog.
Sabrina Maniscalco, CEO and co-founder of Algorithmiq, said the strategic move and funding injection give them the template to hit scale and continue to serve and work with the biggest quantum players in the world.
“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,” said Maniscalco.
Jacopo Drudi, partner at United Ventures, said that with quantum, Europe has the opportunity 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,” said Drudi.
“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,” he added.
