22:
250:. In 2022, Gartner recognized Multiverse Computing as a “Gartner Cool Vendor” for offering “quantum software technologies and services that enable integration of quantum solutions exploration in the financial services industry.” Today, Multiverse is one of the largest quantum software companies in the world and has raised over €27.3 million.
219:(EIC) Accelerator program. This was followed by a €25 million funding round in 2024, valuing the startup at €100 million. Later that year, the startup was selected by the EIC’s Scaling Club – with a budget of $ 10 billion – as one of 48 companies to receive support with funding, mentoring and partnership matchmaking.
258:
Multiverse
Computing’s algorithms have been implemented across verticals such as energy, manufacturing, logistics, finance, chemistry, space, and cybersecurity. In addition to quantum machine learning and optimization algorithms, the company uses quantum-inspired tensor networks to improve efficiency
262:
In 2023, the company launched
CompactifAI, software that utilizes these networks to reduce the computational costs and energy requirements of training and operating large language models (LLMs). By minimizing size, memory, and storage needs of the models, the tensor networks can enhance efficiency
279:
Multiverse
Computing won the 2024 Future Unicorn award from DIGITALEUROPE, recognizing the company’s potential for digital transformation across cybersecurity, health and AI. The company was also selected as a top 100 most promising AI company in the world in quantum AI software by CB Insights in
189:, Spain, with offices in Paris, Munich, London, Toronto and Sherbrooke, Canada. The Spanish startup applies quantum and quantum-inspired algorithms to problems in energy, logistics, manufacturing, mobility, life sciences, finance, cybersecurity, chemistry, materials science and aerospace.
877:
266:
Earlier that year, Credit
Agricole CIB released the results of multiple experiments with Multiverse that explored the use of quantum and quantum-inspired computing for the valuation of derivatives as well as solving the anticipation of credit rating downgrades.
226:
to explore how quantum computing can simulate cryptocurrency adoption. This research made Canada the first G7 country to explore the model of complex networks and cryptocurrencies through quantum computing. That July, Multiverse partnered with
259:
in solving industrial challenges. Tensor networks are used to model quantum systems, specifically quantum systems of many particles, and more recently are being applied to model artificial intelligence systems.
270:
In 2024, the company secured a $ 1.4M contract with the German
Aerospace Center to develop single photon detectors with applications ranging from quantum computing to deep-space communication and bio-imaging.
192:
Its quantum and quantum-inspired software platform
Singularity is designed to allow users without prior knowledge of quantum computing to use quantum algorithms via tools such as
773:
208:, Alfonso Rubio and Sam Mugel. Lizaso, treasurer and member of the governing board of the European Quantum Industry Consortium, and Orús, Ikerbasque Research Professor at
231:
to integrate quantum algorithms into digital twin simulation workflow to scale simulations more efficiently and improve the accuracy of defect detection. Later that year,
212:
and former Marie Curie Fellow at the Max Planck
Institute of Quantum Optics, were chatting on WhatsApp when the idea for a quantum computing company for finance was born.
468:
416:
81:
209:
825:
359:
903:
469:"Multiverse Computing Introduces a New Version of Their Singularity Portfolio Optimization Software - Quantum Computing Report"
851:
677:
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used
Multiverse’s Singularity to develop models for foreign exchange trading optimization between U.S. and EU currency.
385:
744:
216:
577:
986:
500:"Spain-Based Startup Multiverse Computing Receives €12.5M from EIC to Bring Quantum Computing to Finance Companies"
443:"Multiverse Computing and Single Quantum Launch Materials Science Researfh Contradcft with German Aerospace Center"
955:
930:"Multiverse Computing and Single Quantum Launch Materials Science Research Contract with German Aerospace Center"
499:
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243:
307:
799:
32:
904:"Multiverse Computing and Single Quantum secure $ 1.4M contract with the German Aerospace Centre"
725:
655:
637:
774:"Multiverse Computing Shortlisted for 'Future Unicorn' Status Among Europe's Top Tech Scale-ups"
578:"Cosmic rays, XR, and 'multiverse' quantum computing — welcome to EIC's deeptech Scaling Club"
228:
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417:"Bank of Canada Taps Quantum Computing Startup to Tackle Complex Financial Problems"
878:"Quantum News Briefs: November 16, 2023: Multiverse Computing Launches CompatifAI"
720:
703:
929:
651:
442:
628:
Orús, Román (September 2019). "Tensor networks for complex quantum systems".
41:
21:
602:
552:"Quantum startup Multiverse Computing triples valuation as it takes on AI"
238:
Additional organizations exploring
Multiverse’s quantum software include
526:"Multiverse raises $ 27M for quantum software targeting LLM leviathans"
956:"AI 100: The most promising artificial intelligence startups of 2023"
247:
642:
164:
745:"Spain's Fastest Growing Startups Outside of Madrid and Barcelona"
124:
215:
In 2021, the company announced €12.5 million in funding from the
239:
232:
800:"Bosch's New Partnership Aims to Explore Quantum Digital Twins"
704:"Multi-scale tensor network architecture for machine learning"
360:"Multiverse, Iberdrola Tap Quantum for Green Energy Solutions"
15:
386:"Quantum Artificial Vision System Shines on Production Line"
334:"Quantum Could Solve Countless Problems—And Create New Ones"
852:"Multiverse Computing Named a 2022 Gartner Cool Vendor"
46:
36:
826:"BASF and Multiverse to Develop Quantum Forex Models"
204:
Multiverse was co-founded in 2019 by
Enrique Lizaso,
603:"Applications of Tensor Networks in Quantum Physics"
137:
Enrique Lizaso, Román Orús, Alfonso Rubio, Sam Mugel
159:
149:
141:
131:
113:
95:
87:
222:In April 2022, the company partnered with the
8:
702:Reyes, J A; Stoudemire, E M (14 July 2021).
73:
493:
491:
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308:"Startup Of The Week: Multiverse Computing"
767:
765:
678:"Crédit Agricole Tests Quantum in Finance"
306:Schenker, Jennifer L. (2 September 2022).
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332:Campbell, Charlie (26 January 2023).
210:Donostia International Physics Center
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550:Gallardo, Cristina (4 March 2024).
902:Lawrence, Cate (8 February 2024).
772:Donovan, Brett (19 January 2024).
498:Singh, Vishal (20 December 2021).
358:Baker, Berenice (12 August 2023).
14:
714:(3). IOP Publishing Ltd: 035036.
576:Ahlgren, Linnea (28 March 2024).
263:and portability of these models.
928:Craig, Megan (7 February 2024).
441:Craig, Megan (7 February 2024).
384:Farmer, Douglas (12 July 2023).
20:
524:Lunden, Ingrid (4 March 2024).
798:Lawton, George (August 2022).
467:Finke, Doug (29 August 2022).
1:
954:Insights, CB (20 June 2023).
473:The Quantum Computing Report
876:Hughes-Castleberry, Kenna.
217:European_Innovation_Council
1003:
101:; 5 years ago
882:Inside Quantum Technology
708:Mach. Learn.:Sci. Technol
652:10.1038/s42254-019-0086-7
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70:Quantum computing company
721:10.1088/2632-2153/abffe8
556:Sifted (Financial Times)
35:, as no other articles
830:Quantum Business News
609:. Flatiron Institute
176:Multiverse Computing
74:Multiverse Computing
415:Hughes, Stephanie.
244:Crédit Agricole CIB
165:multiversecomputing
151:Number of employees
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987:Quantum computing
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59:August 2023
783:29 January
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452:7 February
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284:References
254:Technology
206:Román Orús
133:Key people
50:; try the
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