Quantum Software Optimization: Multiverse Raises $27 Million for Quantum Software Targeting LLM Leviathans
We’re years away from seeing physical quantum computers break into the market with any scale and dependability. But still, don’t give up on deep tech. The market for high-level quantum computer science appears to be hurrying its stride. It will apply quantum principles to manage complex calculations in areas like finance and artificial intelligence.
In the latest change, Multiverse has raised a substantial €25 million (approximately $27 million) in an equity funding round led by Columbus Venture Partners. It is a startup out of San Sebastian, Spain. This funding round values the startup at an extraordinary €100 million ($108 million).
Multiverse is on a mission to enhance complex modeling and predictive applications across various industries, including finance, manufacturing, energy, cybersecurity, and defense. Their software platform aims to run and optimize these applications more professionally. But what sets them apart is their focus on quantum-inspired tensor networks.
In the empire of artificial intelligence, Multiverse is perfecting Large Language Models (LLMs). Their new product is CompactifAI. It compresses LLMs by over 80%, while still delivering accurate results. This invention could considerably impact how companies buy and use processors, addressing a major holdup in the industry.
CEO Enrique Lizaso-Olmos is a walking encyclopedia with a background in medicine, mathematics, and computer engineering. He is the one who leads the charge. The startup’s journey began in a WhatsApp group back in 2017, where like-minded thinkers explored the possibilities of quantum software in finance. Now, with substantial funding and a clear vision, Multiverse aims to transform the world of quantum computing.
Multiverse’s quantum-inspired tensor networks and their discovery in compacting Large Language Models by over 80% position them as a game-changer in complex computations. With substantial funding and visionary leadership, they are ready to develop the world of quantum computing and redefine industry standards.
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