Multiverse Computing, a global leader in quantum computing solutions, has been selected by the European Innovation Council’s (EIC) Scaling Club as one of Europe’s top deep-tech scale-ups. The EIC Scaling Club, backed by a €10 billion budget from the European Commission, aims to grow the value of selected businesses and maximize their potential. Multiverse was chosen for its potential in the Next-Gen Computing market sector.
The EIC Scaling Club will provide Multiverse with fundraising support, leadership mentoring, corporate partnership identification, and more. Enrique Lizaso Olmos, CEO of Multiverse Computing, expressed appreciation for the recognition and the opportunity to continue scaling the company.
Multiverse Computing Recognized as a Promising Deep-Tech Scale-Up by EIC Scaling Club
Multiverse Computing, a company specializing in quantum computing solutions, has been recognized by the European Innovation Council’s (EIC) Scaling Club as a promising deep-tech scale-up. The EIC Scaling Club, backed by the European Commission, aims to enhance the value of selected businesses with high potential and maximize their impact.
The EIC Scaling Club’s rigorous selection process focuses on businesses demonstrating significant potential in their respective sectors. Multiverse Computing was chosen based on several key factors and is categorized under the Next-Gen Computing market sector. The EIC Scaling Club will provide Multiverse Computing and other selected scale-ups with various forms of support, including fundraising, leadership mentoring, corporate partnership identification, and media visibility.
The EIC Scaling Club: A Catalyst for Growth
The EIC Scaling Club is a community of over 120 European deep-tech scale-ups, investors, corporate innovators, and other industry stakeholders. Its mission is to foster growth among these businesses, which have the potential to address significant global challenges. The selected companies are chosen from a pool of high-growth scale-ups that have benefited from EIC financial schemes and other European and national innovation programs.
The EIC Scaling Club is an EIC-funded initiative run in partnership with several organizations, including Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu (Webrazzi), EurA, and IESE Business School.
Multiverse Computing Products Include Singularity
Multiverse Computing is a quantum software platform that applies quantum and quantum-inspired solutions to complex challenges in various sectors, including finance, energy, manufacturing, logistics, space, life sciences, healthcare, and defense. The company leverages expertise in quantum and quantum-inspired algorithms to maximize results from both current quantum devices and classical high-performance computers.
Multiverse Computing’s flagship product, Singularity, allows professionals across all industries to leverage quantum computing to speed up and improve the accuracy of optimization and AI models with existing and familiar software tools. The company has also developed CompactifAI, a large language model compressor that uses quantum-inspired tensor networks to make AI systems more efficient and portable.
Multiverse Computing
Multiverse Computing boasts a team of over 100 full-time employees, 40% of whom hold PhDs. The team, representing more than 25 nationalities, is dedicated to pushing the boundaries of quantum computing. The company’s commitment to innovation is evident in its portfolio of 95 patents and over 40 research publications.
Over the past three years, Multiverse Computing has won numerous industry awards, a feat uncommon for an early-stage startup. These include recognition as one of the 100 Most Promising Companies in AI and the 2024 Future Unicorn award from DigitalEurope, a leading trade association representing digitally transforming industries in Europe.
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