Peter Sarlin’s QuTwo reaches $380M valuation in angel round

# European AI Company QuTwo Raises Major Funding A Finnish AI company called QuTwo just raised €25 million in new investment, pushing its total value to around $380 million—a strong signal that investors are betting big on European artificial intelligence companies. The company, founded by Peter Sarlin (who previously led an AI lab at AMD), is one of several European startups attracting serious money as the continent tries to build homegrown AI alternatives to American tech giants. This funding boom reflects a broader push by Europe to develop its own AI technology rather than relying entirely on U.S. companies.