San Sebastián-based Multiverse Computing, a leader in quantum AI software, has received an investment from CDP Venture Capital Sgr, Italy’s largest venture capital investor.
This funding forms part of Multiverse’s Series A round, backed by the Corporate Partners I fund’s ServiceTech and EnergyTech initiatives.
Strengthening Italian Operations
The funds will support Multiverse’s expansion in Italy, focusing on:
- Establishing partnerships with public and private sectors.
- Growing its Milan office and attracting top talent.
- Collaborating on projects like EuroHPC and the Leonardo supercomputer at the CINECA data center in Bologna, which benchmarks quantum-inspired tensor network compression for large language models (LLMs).
Enrique Lizaso Olmos, CEO and Co-Founder, stated: “This investment allows us to deepen our collaborations with Italian companies and academia, and leverage CompactifAI to create efficient and portable solutions for large-language models.”
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Innovating with Quantum AI Solutions
Founded to address complex problems in industries such as finance, energy, healthcare, and logistics, Multiverse Computing maximizes the potential of both quantum devices and classical high-performance computing.
Key products include:
- CompactifAI: A quantum-inspired LLM compressor that optimizes models for efficiency and portability.
- Singularity: A platform enabling non-experts to deploy quantum computing for faster and more accurate optimization.
Backing from CDP Venture Capital
CDP Venture Capital manages over €3 billion across 13 investment funds, supporting enterprises of national importance.
Agostino Scornajenchi, CEO of CDP Venture Capital, remarked: “Investing in Multiverse aligns with our mission to advance innovation in Italy. This partnership will foster impactful projects and reinforce Italy’s position as a hub for technological advancement.”
With operations in seven countries, including Spain, Italy, and Canada, Multiverse Computing is poised to redefine industries by combining cutting-edge quantum AI with practical, scalable solutions.
