We’re still years away from seeing physical quantum computers break into the market with any scale and reliability, but don’t give up on deep tech just yet. The market for high-level quantum computer science — which applies quantum principles to manage complex computations in areas like finance and artificial intelligence — appears to be quickening its pace.
In the latest development, a startup out of San Sebastian, Spain, called Multiverse Computing has raised €25 million (or $27 million) in an equity funding round led by Columbus Venture Partners. The funding values the startup at €100 million ($108 million), and it will be used in two main areas. The startup plans to continue building out its existing business working with startups in verticals like manufacturing and finance, and it wants to forge new efforts to work more closely with AI companies building and operating large language models.
In both cases, the pitch is the same, said CEO Enrique Lizaso Olmos: “optimization.”
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