Quantum Software Startup Multiverse Computing Secures $27M in Funding

Multiverse Computing, a quantum software startup based in San Sebastian, Spain, has recently raised $27 million in equity funding to further develop its quantum-inspired algorithms. Led by Columbus Venture Partners, the funding round aims to propel the company's efforts in optimizing complex computations in various industries, including finance, manufacturing, energy, cybersecurity, and defense. Multiverse's software platform, Singularity, is designed to enhance the efficiency of modeling and predictive applications, with a focus on compressing Large Language Models (LLMs) by up to 80% using quantum-inspired tensor networks. The company's innovative approach has garnered attention from prominent investors and industry leaders, positioning Multiverse as a key player in the evolving landscape of quantum computing and artificial intelligence. With a strong emphasis on optimization and innovation, Multiverse Computing is poised to make significant strides in revolutionizing the way businesses leverage quantum technology for enhanced performance and cost savings.