How much did QuTwo raise?

QuTwo raised $29M at Seed, announced 5 May 2026.

Peter Sarlin is Founder & Executive Chairman of QuTwo.

FundedStartupsDaily / AI & Machine Learning / QuTwo

QuTwo raises $29M

Q: What does QuTwo do?

QuTwo operates in AI & Machine Learning and is based in Finland.

QuTwo announced a Seed round of $29M on 5 May 2026. The company operates in AI & Machine Learning and is based in Finland. It was founded by Peter Sarlin, Founder & Executive Chairman.

Raised

$29M

Stage

Seed

Industry

AI & Machine Learning

Country

Finland

Founder

Peter Sarlin

Founder & Executive Chairman, QuTwo

LinkedIn profile qutwo.com

Outreach angles

-Peter Sarlin co-founded Silo AI, which AMD acquired for around 665 million euros in 2024 in one of Europe's largest AI exits.
-Holds a Professor of Practice role in machine learning at Aalto and has held positions at Imperial College London and the London School of Economics.
-Raised a 25 million euro angel round at a 325 million euro valuation with backers including Yuri Milner, Xavier Niel, Ilkka Paananen, and Thomas Wolf, and former Nokia CEO Pekka Lundmark on the board.