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Scaleup has received another million-dollar investment to develop quantum computers – for medicine

Summary in Short:

Danish quantum software startup Quantifya secured DKK 75 million in a seed round to further develop quantum algorithms for life-science applications. The company, founded in 2022, aims to revolutionize the biotechnology and medicine industries by leveraging quantum computing. With over 65 experts in quantum mechanics, software development, and other fields, Quantifya plans to expand its footprint in the Danish life-science ecosystem. Investors like Redstone VC are excited about the potential of quantum computers in drug development, enabling faster time to market. These funds validate Quantifya’s vision and provide the resources needed to accelerate development and growth.


Danish Quantify, a quantum software startup, has announced that it has secured DKK 75 million in a seed round.

The funding strengthens Quantify’s work in quantum mechanics, focusing on life-science applications. The funds will be used to develop quantum algorithms that simulate chemical processes to expand the application area across industries.

Read also: New community to launch a new era for tech and software companies in Aarhus

“On behalf of the founding team, we are incredibly excited about the completion of our EUR 10 million seed round, marking a significant milestone for Kvantify. The funding validates our vision of leveraging quantum computing to revolutionize the life science industry and provides us with resources and partnerships to accelerate our development and growth. With the support of new and existing investors, we are well positioned to bring groundbreaking solutions to the market,” says Hans Henrik Knudsen, CEO at Kvantify.

65 employees in two years

Kvantify was founded in 2022 by Hans Henrik Knudsen, Nikolaj Zinner, and Allan Grønlund with the vision of offering software solutions for challenges in biotechnology and medicine.

Today, the company has over 65 experts in quantum mechanics, software development, mathematics, physics, chemi-informatics, and computational chemistry.

“With our investment in Kvantify, we are expanding our commitment to strengthen the Danish life-science ecosystem. Quantum computers can enhance accuracy and risk reduction in drug development early stages to a level not achievable with classical computers, enabling faster market entry. We look forward to connecting quantum computing and drug development with the Kvantify team for the future benefit of patients,” says Jacob Falck Hansen, Partner at Lundbeckfonden BioCapital.

Other notable investors include Redstone VC, 2xN, and EIFO.

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