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Multiverse Computing

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Overview

Multiverse Computing, founded in 2019 in San Sebastián, Spain, is a pioneering quantum computing software company with a global presence. The company specializes in developing quantum and quantum-inspired software solutions for complex problems across various industries.

Founding and Funding

Co-founded by Enrique Lizaso, Román Orús, Alfonso Rubio, and Sam Mugel, Multiverse Computing has secured significant funding, including €12.5 million from the European Innovation Council (EIC) Accelerator program in 2021 and a €25 million funding round in 2024, valuing the company at €100 million.

Products and Technology

Multiverse Computing's flagship product is Singularity, a software platform that seamlessly integrates into industrial value chains. Singularity features diverse APIs and leverages proprietary algorithms combining quantum and quantum-inspired computing for optimization, interpretable machine learning, and deep learning. The platform's use of tensor networks has achieved significant speedups, exceeding 1000-fold in some cases. Another key product is CompactifAI, which utilizes tensor networks to reduce the computational costs and energy requirements of training and operating large language models (LLMs).

Applications and Partnerships

Multiverse Computing's solutions are applied in several key areas:

  • Finance: Partnerships with institutions like the Bank of Canada, BBVA, and Crédit Agricole CIB for applications such as cryptocurrency adoption simulation and foreign exchange trading optimization.
  • Energy: Collaborations with companies like Iberdrola for optimizing large-scale battery placement in power grids.
  • Manufacturing: Integration with companies like Bosch to enhance digital twin simulation workflows and defect detection accuracy.

Approach and Expertise

The company remains hardware-agnostic, working with various quantum hardware platforms and major manufacturers. They employ quantum-inspired methods such as tensor networks and digital annealing to solve industrial challenges on non-quantum computers.

Recognition

Multiverse Computing has been recognized as a 'Gartner Cool Vendor' for its quantum software technologies and was selected as one of the top 100 most promising AI companies globally in quantum AI software by CB Insights in 2023. In 2024, they won the Future Unicorn award from DIGITALEUROPE.

Leadership Team

Multiverse Computing boasts a leadership team with extensive expertise in quantum computing, finance, and technology. Key members include:

Founders and Executive Team

  1. Enrique Lizaso Olmos - Founder, CEO, and Managing Partner
    • Background in mathematics, computer engineering, and finance
    • Over 20 years of experience in finance and banking
    • Treasurer and Member of the Leadership Team at the European Quantum Industry Consortium (QuIC)
  2. Samuel Mugel - CTO
    • Expert in quantum computing and quantum machine learning
    • PhD from ICFO (Spain) and the University of Southampton (UK)
    • Advisor for the McKinsey Tech Council and the Forbes Tech Council
  3. Román Orús - CSO (Chief Scientific Officer)
    • Quantum physicist with numerous highly-cited papers
    • Ikerbasque Research Professor at DIPC and Visiting professor at the BSC
  4. Gianni Del Bimbo - COO (Chief Operations Officer)
    • Background in quantum physics and quantum machine learning
    • Previously head of quantum engineering at Multiverse Computing
  5. Victor Gaspar - CMO (Chief Marketing Officer)
    • Computer scientist with focus on high performance computing
    • Over 10 years of experience managing innovative IT projects

Other Key Appointments

  1. Chris Zaharias - Vice President of Sales (San Francisco branch)
    • Experienced in managing sales at venture-funded software startups
  2. Karina Robinson - Senior Advisor
    • Over 10 years of experience in CEO/Chairman advisory services
    • Founder of The City Quantum Summit This diverse team brings a wealth of expertise, driving Multiverse Computing's innovation and growth in the quantum AI software sector.

History

Multiverse Computing, a Spanish quantum computing software company, has experienced rapid growth and significant achievements since its inception:

Founding and Early Development

  • Founded in April 2019 by Enrique Lizaso, Román Orús, Alfonso Rubio, and Samuel Mugel
  • Initially focused on applying quantum computing to financial industry problems
  • Headquartered in San Sebastián, Spain, with offices in Paris, Munich, London, Toronto, and Sherbrooke, Canada

Funding Milestones

  • 2021: Received €12.5 million from the European Innovation Council (EIC) Accelerator program
  • 2024: Secured a €25 million funding round, valuing the company at €100 million
  • Selected for the EIC's Scaling Club for additional support

Key Partnerships and Projects

  • April 2022: Partnered with the Bank of Canada to explore quantum computing in simulating cryptocurrency adoption
  • July 2022: Collaborated with Bosch to integrate quantum algorithms into digital twin simulation workflows
  • Other notable partners include BASF, BBVA, Crédit Agricole CIB, and Repsol

Technology and Products

  • Developed Singularity, a quantum and quantum-inspired software platform
  • Launched CompactifAI in 2023, using tensor networks to optimize large language models (LLMs)
  • Created algorithms for various sectors including energy, manufacturing, logistics, finance, and cybersecurity

Awards and Recognition

  • Recognized as a 'Gartner Cool Vendor' in 2022
  • Won the 2024 Future Unicorn award from DIGITALEUROPE
  • Selected as one of the top 100 most promising AI companies in quantum AI software by CB Insights in 2023

Financial Performance

  • 2022: Achieved €2.9 million in full-year revenues
  • Q1 2023: Revenues reached €4.1 million
  • Projected 2023 full-year revenues to surpass €10 million Multiverse Computing has quickly established itself as a leading player in the quantum computing software industry, focusing on practical applications across multiple sectors and demonstrating strong financial growth.

Products & Solutions

Multiverse Computing, a leading quantum AI software company, offers innovative products and solutions leveraging quantum and quantum-inspired algorithms to address complex challenges across various industries:

Singularity

Singularity is Multiverse Computing's flagship software platform, designed to integrate seamlessly into industrial value chains:

  • User-Friendly Interfaces: Tailored for ease of use, with flexible deployment options.
  • Proprietary Algorithms: Combines quantum and quantum-inspired computing to tackle complex AI and optimization challenges, outperforming commercial models.
  • Tensor Networks: Accelerates training, reduces data requirements, and lowers power consumption, achieving significant speedups for applications like machine vision and large language models.

CompactifAI

CompactifAI optimizes large AI models, particularly large language models (LLMs):

  • Size Reduction: Reduces LLM size by over 90% while maintaining accuracy within a 2-3% drop.
  • Cost Savings: Achieves over 50% savings in retraining and inference costs, significantly reducing energy demands.
  • Efficiency and Portability: Enhances AI system integration into various digital services.

Quantum and Quantum-Inspired Methods

Multiverse Computing employs both quantum and quantum-inspired methods:

  • Quantum Algorithms: Developed for complex optimization tasks and interpretable machine learning.
  • Hardware-Agnostic Approach: Ensures compatibility across different quantum platforms.
  • Quantum-Inspired Tensor Networks: Used on classical computers to accelerate AI and optimization tasks, serving as a benchmark for assessing quantum supremacy.

Industry Applications

Multiverse Computing's solutions are applied across various industries:

  • Finance: Optimization of financial models and simulations
  • Energy: Renewable energy distribution, battery design, and hydrogen production
  • Manufacturing: Optimization of production processes and defect detection
  • Health & Life Sciences: Medical research and healthcare applications
  • Aerospace: Space-related simulations and optimizations
  • Cybersecurity: Integration of quantum algorithms for enhanced security
  • Defense: Solutions for defense-related challenges
  • Chemistry: Materials science and chemical simulations These products and solutions leverage quantum and quantum-inspired computing to efficiently solve complex real-world problems, delivering tangible value across multiple sectors.

Core Technology

Multiverse Computing's core technology leverages both quantum and quantum-inspired computing to address complex AI and optimization challenges:

Quantum and Quantum-Inspired Algorithms

Proprietary algorithms designed for current quantum platforms, focusing on complex optimization tasks and interpretable machine learning. These algorithms outperform commercial models across various industries.

Singularity Platform

The flagship platform seamlessly integrates into industrial value chains, featuring:

  • Diverse high and low-level APIs for flexibility and user-friendliness
  • Specialized algorithms for interpretable Machine Learning, deep learning, and optimization
  • Quantum-powered proprietary routines

Tensor Networks

A powerful quantum-inspired approach used to accelerate AI and optimization tasks:

  • Achieves more than 1000-fold speedup in certain applications
  • Operates on non-quantum computers (FPGAs, laptops, supercomputers)
  • Particularly useful in scenarios without cloud connectivity (factories, satellites, defense environments)

Concealed Data Structures

Used for optimization challenges, these structures converge quicker than prevailing algorithms, crucial for time-sensitive optimization problems involving numerous variables.

Hardware-Agnostic Approach

Ensures compatibility across various quantum hardware platforms (superconducting, photonic, neutral atoms, ion traps), allowing partnerships with major quantum hardware manufacturers.

Strategic Deployment

Focuses on delivering practical, real-world benefits by ensuring quantum solutions offer tangible economic value and outperform current alternatives.

Integration with Other Technologies

Integrates with advanced tools like PennyLane, enhancing the ability to rapidly test and deploy new quantum capabilities across various user communities. Multiverse Computing's core technology is designed to be powerful, deployable, and intuitive, addressing complex AI and optimization challenges with precision and speed across multiple industries.

Industry Peers

Multiverse Computing operates within the quantum computing and artificial intelligence sectors, alongside several significant industry peers:

Quantum Computing for Finance

  • IBM Quantum: Offers quantum computing solutions, including tools for developing quantum algorithms and applications in finance.
  • Rigetti Computing: Provides quantum hardware and software solutions, with cloud-based access to quantum processors.
  • D-Wave Systems: Specializes in quantum annealing technology for solving optimization problems in finance.
  • Xanadu: Focuses on photonic quantum computing and offers tools for quantum machine learning and finance applications.

Broader Quantum Computing Ecosystem

  • 1QBit Information Technologies: Develops software for quantum and classical computers, focusing on optimization and machine learning.
  • Zapata AI: Works on quantum software and applications for chemistry, finance, and logistics.
  • Entropica Labs: Develops quantum software for near-term and long-term quantum devices across various sectors.
  • Phasecraft: Focuses on quantum software for quantum information processors, both near-term and fault-tolerant.
  • Classiq: Offers a platform for designing, analyzing, and executing quantum circuits across multiple sectors.
  • Pasqal: Specializes in quantum computing solutions for simulations and optimizations in energy, mobility, healthcare, and finance.

Specific Industry Focus

  • Sigma-i: Focuses on optimization technology using quantum annealing, with applications in academia, business, and finance.
  • QC Ware: Develops quantum software for various industries, recognized in the quantum computing for optimization and logistics market. These companies drive innovation in the quantum computing space, often competing or collaborating with Multiverse Computing in sectors such as finance, energy, manufacturing, and cybersecurity. The field is characterized by rapid advancements and a growing ecosystem of specialized providers, each contributing unique strengths to the evolving landscape of quantum computing applications.

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