Multiverse Computing Raises €25 Million ($27M USD) in Oversubscribed Collection A Funding Spherical

Multiverse Computing, a number one European quantum software program firm, has efficiently raised €25 million ($27M USD) in Collection A funding. The funding spherical, oversubscribed, was led by Columbus Enterprise Companions and Quantonation Ventures, with contributions from varied different buyers together with the European Innovation Council Fund and Redstone QAI Quantum Fund. This funding might be utilized to advance the event of Multiverse’s proprietary quantum and quantum-inspired algorithms and software program, together with their flagship product Singularity and the just lately launched LLM compressor, CompactifAI. Singularity permits professionals from varied industries to make the most of quantum and quantum-inspired computing for AI and optimization functions, whereas CompactifAI compresses massive language fashions with quantum-inspired tensor networks. The corporate additionally plans to make use of the funding to assist its world enlargement efforts, aiming to convey quantum and quantum-inspired utility to new markets and industries. With this funding, Multiverse Computing reinforces its place as a pacesetter within the quantum software program panorama, poised to ship vital developments in quantum computing functions. A press launch from Multiverse saying this fundraising is on the market right here.

March 5, 2024