QMill, a Finnish quantum computing startup, has secured €4 million in seed funding to develop algorithms that leverage the capabilities of near-term quantum computers. These algorithms are designed to solve complex problems in fields like finance, telecommunications, and logistics, offering a practical advantage over traditional computing methods. The company's team, composed of leading experts in quantum technology, aims to accelerate the practical use of quantum computing, particularly in the "noisy intermediate-scale quantum" (NISQ) era.
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