After selling Silo AI to AMD for $665m , the Helsinki entrepreneur is doing it again. Qutwo’s angel round prices a quantum-classical orchestration layer with no quantum hardware shipping yet, and customers already paying tens of millions for it.

There is a particular kind of European startup story that is not supposed to happen at this speed. Qutwo , the Helsinki-based quantum-classical orchestration company that emerged from stealth in February, has closed an angel round at a valuation of approximately $380m.

The company is roughly three months out of stealth. It has no commercially shipping quantum hardware. The product it sells, Qutwo OS, is a software layer that allows enterprise customers to start running workloads in a hybrid classical/quantum-inspired environment now, on the assumption that some of those workloads will move to actual quantum hardware later, when the hardware is ready.

On those facts alone, $380m for an angel round is a striking number.…