Algorithmiq, a global leader in quantum algorithm development, moves to Milan

Despite almost nonexistent investments and a national quantum strategy that has more holes than a colander, Algorithmiq has chosen Milan as its new global headquarters, thereby demonstrating confidence in Italy's ability to contribute to the quantum world.

Algorithmiq moves to Milan

Founded in 2020 in Helsinki, Finland, by Sabrina Maniscalco, Guillermo Garcia-Pérez, Matteo Rossi, and Boris Sokolov, Algorithmiq develops algorithms for quantum computers. The company has achieved some international success, with its algorithms being used by IBM, NVIDIA, Cleveland Clinic, Imperial College London, and the universities of Aalto, Harvard, Milan, and Oxford.

With its latest round of funding, Algorithmiq also announced the relocation of its headquarters to Milan, "in the heart of the Italian quantum ecosystem". The Lombard capital will "serve as a base for Algorithmiq to further its business activities as a software partner for the world’s leading quantum hardware companies."

The fact that Cassa Depositi e Prestiti and United Ventures (based in Piazza Fontana, Milan) contributed to Algorithmiq's latest funding round of 18 million euros may indeed have influenced the decision to move their headquarters. It should be noted that the 18 million raised effectively doubles the total funds raised, which now amount to 36 million overall.

Despite a lack of investment in quantum computing, Italy remains an attractive destination for entities operating in this field, partly due to the education offered by its universities.

Sabrina Maniscalco stated, "2026 is the year when the most significant applications of quantum computing will become a reality, and we want to be at the center of this change. This strategic move and injection of funds gives us the model to scale up and continue to serve and work with the world's largest quantum players. Our quantum software makes quantum computers truly useful, and we are excited to deliver this message globally from our new headquarters in Milan. As quantum computing matures, the question shifts from 'who can build the biggest machine?' to 'who can make the machines count?'. This challenge lies at the intersection of science, software, and industrial execution, and is increasingly where true competitive advantage may be found.