Startup Profile: Multiverse Computing
Multiverse Computing specializes in applying quantum and quantum-inspired algorithms to solve complex problems across various sectors, including energy, logistics, manufacturing, mobility, life sciences, and finance. Their mission is to deliver advanced quantum computing solutions that provide immediate value to businesses, even before quantum hardware is fully mature.
Website: https://multiversecomputing.com
Industry: Quantum Computing Software
Founded: 2019
Headquarters: Spain
-
Organizations face increasingly complex computational challenges that classical computing methods struggle to solve efficiently, limiting innovation and operational efficiency. There is a lack of accessible tools for companies to leverage the potential of quantum computing to address these challenges.
-
Multiverse Computing offers the Singularity™ platform, integrating quantum and classical algorithms into a user-friendly spreadsheet format, enabling companies to solve optimization tasks without quantum physics expertise. Utilizing quantum-inspired methods like tensor networks, they provide significant computational advantages on classical computers today while preparing for future pure quantum applications.
-
Advancements in quantum computing and quantum-inspired algorithms present immediate opportunities to solve real-world problems more efficiently. Industries are seeking computational improvements now, and Multiverse Computing addresses this need while positioning clients for the impending quantum revolution.
FINANCIALS
They recently raised €25 million in a Series A round at a pre-money valuation of €45 million. Projected revenue growth is from €6.3 million in 2023 to €95.5 million by 2026, with funds used to strengthen commercial teams, expand into the U.S. market, and continue product development.
MARKET SIZE
The quantum computing market is projected to reach between USD 9 billion and USD 93 billion by 2040 (McKinsey Quantum Market Monitor, 2023). Multiverse Computing targets multiple industry verticals expected to be disrupted by quantum computing, offering significant growth potential.
TEAM
CEO Dr. Enrique Lizaso brings 20+ years in finance and tech, previously leading Unnim Bank and the European Quantum Industry Consortium. CSO Prof. Román Orús, a globally recognized expert with 7,000+ citations, pioneered tensor networks technology. CTO Dr. Samuel Mugel is a thought leader in quantum computing and a McKinsey Global Technology Council member. CFO Marta García has over a decade of banking experience, specializing in syndicated loans and CDO management.
-
Their flagship product, the Singularity™ Platform, is a proprietary software that integrates quantum and classical algorithms into a spreadsheet format, allowing users to perform complex optimization tasks without needing quantum expertise. The platform leverages tensor networks to significantly enhance AI and optimization problems on classical computers.
-
Multiverse Computing operates on a dual revenue model: offering professional services for customized projects and consortium participation, and licensing their Singularity™ platform under a SaaS model. They aim to transition towards a scalable, recurring revenue model, with SaaS expected to represent nearly 90% of revenue in three years.
-
Competitors include companies like Zapata Computing, QC Ware, and Cambridge Quantum Computing. Multiverse Computing differentiates itself through its expertise in tensor networks, delivering immediate value with quantum-inspired methods on classical computers, and holding over 25 filed patents strengthening their technological edge.