QuTwo, a Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, has reached a valuation of $380 million after securing a $29 million angel round. The funding values the company at €325 million.

The investment is a significant vote of confidence in QuTwo's approach to AI and quantum computing. It also highlights the growing interest in European-made companies focused on these areas.

The funding for QuTwo comes at a time when AI and quantum computing are seeing significant investment and attention. These technologies have the potential to transform industries, from computing and data analysis to h…

QuTwo's focus on developing native foundation models for multimodal agents could have significant implications for the field. According to a recent paper on GLM-5V-Turbo, a similar approach to multimodal models, such …