Quantum software company raised €18M ($21.2M USD) Series A and relocated headquarters to Milan on May 11, 2026.
IBM, Cleveland Clinic model 12,635-atom protein on quantum hardware
IBM and Cleveland Clinic simulated the largest biological molecule ever modeled with quantum computers, achieving 40x larger systems in six months and signaling that quantum computing is moving from theory into practical drug discovery.
Algorithmiq wins $2M quantum drug prize, proving lab can beat theory
Finnish startup Algorithmiq won Wellcome Leap's $2M Q4Bio prize for the first end-to-end quantum-classical drug simulation on real hardware, beating Harvard and Stanford—but the $5M grand prize went unclaimed, signaling quantum computing still can't prove economic advantage.