Algorithmiq banked €18M in Series A funding led by CDP Venture Capital. The Milan-headquartered firm focuses on the software layer of the quantum stack, developing algorithms designed to run on near-term quantum hardware.
The company builds platform-agnostic software specifically for the NISQ (Noisy Intermediate-Scale Quantum) era. Its primary platform, Aurora, targets drug discovery and materials science by simulating molecular interactions at a level of precision that remains computationally impossible for classical supercomputers. This technical approach aims to reduce the error rates inherent in current quantum processors.
This fresh capital follows a previous seed round and arrives as the company seeks to commercialise its chemistry-focused applications. By partnering with hardware manufacturers, the startup intends to bridge the gap between experimental quantum chips and commercially viable laboratory research.
As European deep tech investment shifts toward hardware-software integration, Italian startups are increasingly capturing larger rounds to scale high-complexity infrastructure across the continent.
Originally reported by Tech Funding News.