Multiverse Computing raised undisclosed amount in a Series A funding round led by CDP Venture Capital to expand its commercial presence in Italy and enhance partnerships in public and private sectors.

Dec 05, 2024•8 months ago

Round Type

series a

San SebastiánSoftware

Investors

Terna ForwardSnamItalgasGpiEdisonBnl Bnp ParibasBaker HughesCdp Venture Capital Sgr

Description

Multiverse Computing announced an investment from CDP Venture Capital Sgr as part of its Series A round. The funding will be used to strengthen its presence in Italy, expand its Milan office, and foster partnerships in various sectors.

Company Information

Company

Multiverse Computing

Location

San Sebastián, Basque Country, Spain

About

Multiverse Computing is the leading quantum AI software company. We apply quantum and quantum-inspired AI to solve complex problems in finance, energy, manufacturing, defense, cybersecurity, life sciences, and chemistry, delivering practical applications and tangible value today. We provide hyper-efficient software to companies wanting to gain an edge with quantum computing and artificial intelligence. One of our flagship products is Singularity, a software platform that contains quantum and quantum-inspired algorithms developed and patented through proof-of-concept trials we have been performing for industrial and service clients.

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Funding Insights

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers