The realm of quantum computing is already bustling with activity, particularly in the high-level quantum computer science domain.
In a recent announcement, Multiverse Computing, a startup based in San Sebastian, Spain, has secured €25 million (approximately $27 million) in equity funding, led by Columbus Venture Partners.
This substantial investment, valuing the startup at €100 million ($108 million), is earmarked for expanding the company.
Multiverse aims to expand its existing business collaborations, focusing on verticals such as manufacturing and finance.
The company also intends to deepen its engagement with AI firms, particularly those involved in building and operating large language models (LLMs).
At the core of Multiverse’s offerings lies its software platform, Singularity, designed to optimize complex modeling and predictive applications across various industries, including finance, manufacturing, energy, cybersecurity, and defense.
Notably, the company’s focus extends to enhancing AI capabilities, particularly in compressing Large Language Models (LLMs) with a product called CompactifAI.
By leveraging quantum-inspired tensor networks, Multiverse claims to achieve over 80% compression of LLMs while maintaining accuracy.
Multiverse’s journey began in 2017 when a group of like-minded individuals, including CEO Enrique Lizaso-Olmos, explored the potential of quantum software.
Starting as a WhatsApp group experiment, their exploration culminated in the formation of Multiverse Computing.
Initially centered around quantum and financial technology, the company has since diversified its focus, catering to sectors such as industrial and energy, with clients including Moody’s Analytics, Bosch, BASF, and BBVA.
While the company’s traction in various verticals is evident, its ambitions to target deep tech and AI companies present intriguing prospects for the future of quantum computing.
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