Former Nokia CEO Joins Finnish Quantum Computing Startup QMill

Post by : Monika

Photo: Reuters

In August 2025, Pekka Lundmark, the former CEO of Nokia, announced his involvement with QMill, a Finnish quantum computing startup. Lundmark will serve as both an investor and a board member for the company.

This move marks a significant step in his post-Nokia career and highlights the growing importance of quantum computing in the tech industry.

Background on Pekka Lundmark

Pekka Lundmark led Nokia from 2020 until his departure earlier in 2025. During his tenure, he was credited with revitalizing the company, steering it through a period of significant transformation.

Before his time at Nokia, Lundmark held leadership positions at Fortum, a Finnish energy company, and Konecranes, a global industrial equipment company. His extensive experience in the technology and industrial sectors positions him well to contribute to the development of quantum computing.

About QMill

QMill is a quantum-algorithm company based in Espoo, Finland. Founded in 2024, the company specializes in developing algorithms for quantum computers. Quantum computing is an emerging field that leverages the principles of quantum mechanics to process information in ways that classical computers cannot.

QMill has secured seed funding from investors including Antler, Maki.vc, and Kvanted, indicating strong investor confidence in its potential.

The Role of Quantum Computing

Quantum computing holds the promise of solving complex problems that are currently beyond the capabilities of classical computers. This includes tasks such as simulating molecular structures for drug discovery, optimizing supply chains, and enhancing artificial intelligence algorithms.

Major tech companies like Microsoft and Nvidia are investing heavily in quantum computing research and development, underscoring its significance in the future of technology.

Lundmark's Contribution to QMill

As an investor and board member, Lundmark brings a wealth of experience and strategic insight to QMill. His background in leading a major tech company through a transformative period will be invaluable as QMill navigates the challenges of developing and commercializing quantum computing technologies. Lundmark's involvement is expected to enhance QMill's credibility and attract further investment and partnerships.

The Importance of Leadership in Startups

The success of startups often hinges on the experience and vision of their leadership teams. By joining QMill, Lundmark provides the company with access to his extensive network and industry knowledge. This can accelerate QMill's growth and position it as a leader in the quantum computing space.

Antti Vasara's Role

In addition to Lundmark, Antti Vasara, the former head of VTT Technical Research Centre of Finland and a former Nokia executive, will join QMill as chair of the board. Vasara's deep understanding of research and development in technology will complement Lundmark's strategic expertise, creating a strong leadership foundation for QMill.

Implications for the Finnish Tech Ecosystem

The involvement of two prominent Finnish tech leaders in QMill underscores the strength and potential of Finland's tech ecosystem. It highlights the country's commitment to advancing cutting-edge technologies like quantum computing. This development is likely to inspire other startups and attract international attention to Finland as a hub for innovation.

Pekka Lundmark's decision to join QMill marks a significant development in the Finnish tech landscape. His leadership, combined with the expertise of Antti Vasara, positions QMill to make meaningful contributions to the field of quantum computing. As the company continues to develop its technologies, it will be exciting to see how their efforts shape the future of computing.