Multiverse Computing

Multiverse Computing is a Spanish startup developing quantum and artificial intelligence (AI) business solutions. Multiverse Computing offers quantum-inspired software (running on both classical computing equipment and quantum computers) to clients across a range of industries, including finance, energy, manufacturing, health & life sciences, engineering, aerospace, cybersecurity, defense, chemistry, and hydrogen. The company focuses on problems that quantum-inspired algorithms, such as tensor networks, will beat existing business tools.

The company's flagship product, Singularity, is a software platform harnessing proprietary algorithms that combine quantum and quantum-inspired computing to address AI and optimization challenges. Multiverse Computing also offers CompactifAI, a large language model (LLM) compressor enabling the use of AI with reduced memory and processor demands.

Multiverse Computing was founded in 2019 by Samuel Mugel (CTO), Román Orús (CSO), Enrique Lizaso Olmos (CEO), and Alfonso Rubio (CMO). Olmos is treasurer and member of the governing board of the European Quantum Industry Consortium, and Orus is a physics professor and former research fellow at the Max Planck Institute of Quantum Optics. The two of them came up with the initial idea for Multiverse Computing to develop quantum computing solutions for finance. They published a paper that drew attention and attracted Spanish Bank BBVA as a major early client. The company is headquartered in San Sebastian, with locations in Toronto, Paris, Munich, and London.

Multiverse Computing has raised over $20 million in funding from investors and grants. Multiverse Computing customers include BBVA, Crédit Agricole, Banco Itaú, Bosch Automotive, Bank of Canada, BASF, Repsol, Acciona, ZF, and Ikerlan. The first quarter revenue from 2023 was €4.1 million, a significant jump from the €2.9 million in revenue across the whole of 2022. Multiverse Computing also filed 41 patents and published 14 scientific papers in Q1 2023.