In the rapidly evolving landscape of deep technology, few companies have charted a trajectory as dynamic and influential as Multiverse Computing. Founded in 2019, this Spanish quantum computing firm has risen to international prominence by providing transformative quantum and quantum-inspired AI software that bridges the gap between advanced theoretical research and practical, real-world applications. With its roots in the Basque Country and a vision encompassing global leadership in responsible, efficient, and accessible artificial intelligence, Multiverse Computing today stands as a beacon of innovation, impact, and ethical commitment.
This exhaustive report provides a detailed analysis of every aspect that has shaped Multiverse Computing. It explores the origins and founding story, details on leadership and team, critical funding and financial milestones, the company’s remarkable expansion, and its signature technology platforms—Singularity and CompactifAI. It further investigates the company’s strategic partnerships, technological innovations, and the broad spectrum of industry use cases it addresses. Recognition, awards, market position, future ambitions, and its unwavering support for ethics, diversity, and sustainability are explored, along with context on its academic collaborations and position within the competitive global landscape as of 2025. All developments discussed herein are up to date and rigorously referenced.
Founding and Origins of Multiverse Computing
A Vision Forged in Science and Finance
Multiverse Computing’s foundation is a compelling story of intellectual synergy. The concept originated in 2017, following a WhatsApp discussion among leading experts—Enrique Lizaso Olmos, Román Orús, Alfonso Rubio, and Sam Mugel—who merged profound experiences in quantum science and financial services. The pivotal spark was a collaborative scientific paper on quantum computing applications for finance. The paper’s traction at an academic conference in Toronto underscored commercial and research interest, compelling the founders to formalize their ambitions into a company with a clear and pragmatic mission: bring the benefits of quantum technology to real-world industrial challenges, starting with finance and rapidly expanding across sectors.
Officially launched in San Sebastián, Spain in July 2019, Multiverse Computing’s founding team combined unique talents. Lizaso Olmos, former deputy CEO of Unnim Bank and an innovative force in fintech, provided business and sectoral acumen. Román Orús, an internationally renowned quantum physicist and pioneer in tensor networks, became the company’s Chief Scientific Officer, steering its technical and research agenda. Alfonso Rubio and Samuel Mugel contributed formidable backgrounds in strategic marketing, quantum physics, and software engineering.
The company established an early focus on addressing the persistent computational bottlenecks of finance—portfolio optimization, asset valuation, risk assessment, and fraud detection. This niche, where classical computing had reached its limits, provided fertile ground for demonstrating quantum advantage and building an ecosystem of early adopters and collaborative customers.
Key Early Milestones
The years following Multiverse’s inception saw rapid evolution:
- 2019–2020: Initial prototypes of the Singularity platform emerged, built around quantum and quantum-inspired algorithms to tackle finance-specific challenges.
- 2021: The company secured significant seed funding and completed several successful pilot projects with top financial institutions.
- 2022–2023: Extension of product offerings beyond finance; expansion into other high-value industries such as energy, manufacturing, logistics, and health.
- 2024: Recognition as one of Europe’s most promising deep-tech startups and expanded international footprint.
Each milestone reflects Multiverse’s strategy of balancing immediate quantum-inspired value with longer-term quantum hardware ambitions.
Leadership and Management Team
Nurturing Excellence and Expertise
Multiverse Computing credits its meteoric rise in part to an unrivaled leadership team that blends technical depth, business gravitas, and global vision.
Executive Leadership
- Enrique Lizaso Olmos (CEO): With more than 20 years in finance and banking—including senior roles at Unnim Bank—Lizaso Olmos is recognized as a thought leader in digital transformation and quantum industry governance. His academic achievements include a PhD in mathematics, a medical degree, a computer engineering qualification, and an MBA from IESE. He serves as the current Treasurer and Board Member of the European Quantum Industry Consortium (QuIC), directly influencing European quantum strategy. Lizaso is widely acknowledged for his ability to connect world-class scientific research with scalable business models, evidenced by his successful leadership and external recognitions.
- Román Orús (Chief Scientific Officer): An Ikerbasque Research Professor and a global authority on quantum information, tensor networks, and computational physics, Orús has received numerous accolades, including the Early Career Prize of the European Physical Society and a Marie Curie Fellowship. His prolific contributions to quantum algorithms and AI are central to Multiverse’s IP portfolio and ongoing technology leadership.
- Sam Mugel (Chief Technology Officer): With a PhD in quantum physics and extensive experience in software and algorithm development, Mugel leads the company’s R&D efforts and sets technological direction across core products. Serving also as head of Canadian operations, he has been instrumental in forging key North American partnerships.
- Alfonso Rubio (Chief Marketing Officer): A luminary in quantum technology community building, Rubio has overseen the growth of the company’s outreach, strategic alliances, and collaboration with innovation networks, positioning Multiverse as a respected industry voice.
The broader leadership group is comprised of diverse professionals with deep backgrounds in corporate banking, AI, international IT project management, quantitative finance, and business development, hailing from top-tier banks, academic institutions, and global tech enterprises.
A Culture of Talent and Diversity
Multiverse is lauded for fostering a work culture that attracts global talent: over 160 employees as of late 2024, nearly 40% of them holding PhDs, representing more than 43 nationalities. This vitality, coupled with a dedicated Ethics Committee, underscores the company’s core commitment to inclusion, diversity, and social responsibility.
Funding Rounds and Financial Milestones
Mapping a Financial Journey of Ambition
From a startup rooted in academic ingenuity, Multiverse Computing has become one of the best-capitalized quantum software companies globally. Its funding journey reflects both the company’s technical credibility and growing commercial demand for quantum and AI innovation.
Timeline and Impact of Key Funding Rounds
Date | Amount Raised | Lead Investors | Impact/Notes |
---|---|---|---|
2019–2020 | ~€1.5 million | Local/Private Foundations/Accelerators | Initial development and regional growth. |
Oct 2021 | €10 million | JME Ventures, Start-up Accelerators | Seed round for product acceleration, marketing, and new markets. |
Dec 2021 | €12.5 million | European Innovation Council (EIC) Fund | Equity + grant to fuel R&D and scaling. |
Mar 2024 | €25 million | Columbus Venture Partners, EIC, others | Series A: expansion into the US, proprietary platform scaling. |
Mar 2025 | €67 million | Spanish Gov (SETT fund), public-private | Strategic national investment in AI compression innovation. |
Jun 2025 | €189 million | Bullhound Capital, HP, Toshiba, others | Series B: c.$215M to accelerate CompactifAI global rollout. |
To Date | c. $250 million | 30+ global investors | Cumulative funding, making Multiverse a quantum AI leader. |
This aggressive financial trajectory confirms investor belief in Multiverse’s paradigm-shifting technology and global ambitions.
International and Strategic Investors
Backing has come from both global venture capital leaders (e.g., Bullhound Capital, Forgepoint Capital, Quantonation) and major corporate strategic investors (HP Tech Ventures, Toshiba, Santander, CDP Venture Capital, SETT). The involvement of the Spanish government via the SETT fund further underscores public faith in Multiverse as a national and European digital sovereignty champion.
Financial Performance and Projections
Revenues have mirrored the company’s scale and influence—€13 million in 2024 with expectations to reach €30 million in 2025 and an ambitious goal of €600 million within five years. Multiverse’s current valuation stands at €500 million following its latest investment round.
Global Presence and Office Expansion
Building a Distributed Innovation Ecosystem
Headquartered in San Sebastián, Spain, Multiverse Computing has rapidly outgrown its regional roots, becoming a global company with offices and projects on three continents.
Geographic Spread
- Europe: Beyond its San Sebastián headquarters, Multiverse operates key offices in Paris (France), Munich (Germany), and London (UK). The company is undertaking further expansion with a planned presence in Milan and a strengthened delegation in the strategic quantum hub of Barcelona.
- North America: The Toronto office, established in partnership with the city’s quantum innovation community (notably, Creative Destruction Lab), serves as a springboard for Canadian and broader North American R&D and sales. In 2024, Multiverse inaugurated its first US office in San Francisco, emphasizing commitment to the critical American market.
- Canada: Additional operations in Sherbrooke (Quebec) reflect a focus on quantum technology and AI innovation synergies in Canada, including a strategic partnership with PINQ².
- World: The company partners globally and maintains an active customer and technical support infrastructure.
Talent and Impact
With a multicultural team approaching 200 employees in 2025 and potential to reach 300 by year’s end, Multiverse’s human capital is both deep and diverse. Its workforce includes mathematicians, quantum physicists, ML experts, and financial engineers, driving collaborative and commercial advances.
Signature Technologies
Singularity Quantum Software Platform
Simplifying Quantum Power for All
Singularity is Multiverse’s flagship enterprise quantum software platform, purpose-built to provide immediate, tangible value from both quantum and quantum-inspired methods across a range of industrial and financial challenges.
- User-Focused, No-Code Design: Accessible via user-friendly interfaces and APIs—including familiar tools like Microsoft Excel—Singularity enables business users, analysts, and scientists to run advanced optimization and machine learning (ML) workflows without requiring quantum expertise.
- Quantum-Inspired Tensor Networks: At its computational core are proprietary algorithms harnessing both native quantum routines and quantum-inspired techniques—most notably, tensor networks. These offer orders-of-magnitude acceleration for optimization, deep learning, and data analysis, even on classical hardware.
- Domain Breadth: The platform is operationally proven in sectors as broad as finance (portfolio optimization, fraud detection, asset valuation), energy (grid and battery optimization), manufacturing, logistics, mobility, and life sciences. Recent applications include anomaly detection in cybersecurity and interpretable ML in healthcare and legal fields.
- Transparency and Explainability: Singularity’s “white box” approach to AI, exemplified by the Matrix Product State (MPS) model, provides transparency and interpretability, crucial for mission-critical contexts and compliance (finance, healthcare, law).
- Hardware Agnostic: Singularity is designed to be compatible with all leading quantum hardware providers (e.g., IBM Qiskit, D-Wave, IonQ, Rigetti) and is deployable on-premises, in private clouds, or as a SaaS API, maximizing flexibility for diverse, security-conscious clients.
- Leading-Edge ML and Optimization: The platform leverages quantum-inspired tensorization (developed by Chief Sci Officer Román Orús) for deep learning, resulting in training speeds up to 1000x faster, reduced data requirements, and lower power consumption—a true game-changer for edge computing and autonomy.
- Integrated with Research Ecosystems: Singularity’s capabilities are integrated into standard ML workflows and libraries, including IBM’s Qiskit functions, making quantum ML accessible to a broader community of developers and data scientists.
Real-World Impact: Energy and Smart Grids
A highlight is Singularity’s pivotal role in a ten-month joint project with global clean energy leader Iberdrola. Utilizing quantum and quantum-inspired optimization, Singularity identified the optimal numbers, types, and placements of grid-scale batteries for electrical distribution networks, reducing costs, improving network reliability, and advancing grid modernization in the transition to renewable energy. The solution outperformed classical benchmarks and is now being considered for larger-scale deployment across utility grids worldwide.
CompactifAI: Quantum-Inspired AI Model Compression
Unlocking the Edge, Driving AI Sovereignty
CompactifAI is an award-winning AI model compression tool leveraging quantum-inspired tensor networks to address one of the 21st century’s most pressing issues: the ballooning size, cost, and energy consumption of large AI models, such as large language models (LLMs).
- Extreme Compression without Sacrifice: CompactifAI can shrink LLMs by up to 95% while retaining original accuracy and sometimes even improving inference speed. For example, the Llama 3.1 8B model by Meta was reduced 80% in size and 50% in energy consumption with minimal loss in precision.
- Deployable Anywhere: These highly compressed models can run not only in data centers and on the cloud but directly on personal computers, smartphones, IoT devices, cars, and even embedded systems like Raspberry Pi—enabling rapid, private, and energy-efficient AI everywhere from industrial robots to consumer gadgets.
- Eco-Responsibility and Cost Efficiency: By drastically reducing compute requirements, CompactifAI lowers operational costs, promotes sustainability, and alleviates supply chain pressures on specialized AI chips.
- Enabling AI Sovereignty: The tool assists governments, industries, and research-only organizations in hosting and deploying robust, privacy-enhanced models locally. This focus on AI sovereignty is especially valued in sensitive industries and supporting national digital independence trends.
- Model Zoo for Embedded Intelligence: In 2025, Multiverse debuted “the world’s smallest high-performing AI models”—ChickBrain and SuperFly—enabling fast, practical AI even fully offline for appliances and wearables. Integration discussions are ongoing with companies like Apple, Samsung, Sony, and HP.
- Available as SaaS and on AWS: With CompactifAI available via AWS Marketplace API and as private offers, customers can access, deploy, and customize efficient models at globally competitive token costs.
- Strong Published Evidence: The methodology and performance of CompactifAI are peer-reviewed, demonstrating up to 93% memory savings, 70% parameter reduction, training acceleration by 50%, and only a 2–3% drop in accuracy compared to original LLMs.
Comparative Benefits Table
Feature | CompactifAI (Multiverse) | Traditional Compression | Impact |
---|---|---|---|
Compression Rate | Up to 95% | 50–70% (typical) | Unmatched portability, edge AI |
Accuracy Retention | 97–98%+ | Drops up to 10% | Maintains real-world fidelity |
Inference Speed | 4x–12x faster | 1.5x–2x faster | Real-time interaction |
Cost/Energy Reduction | 50–80% | 20–30% | Greener, more affordable |
Model Support | Llama, Mistral, DeepSeek, and more | Select models | Flexible for enterprises |
Privacy/Sovereignty | Fully local deployment possible | Often cloud-dependent | Regulatory alignment |
Multiverse’s approach, powered by tensor networks, positions it as the leading vendor for organizations seeking efficient, sovereign, and sustainable AI.
Strategic Partnerships and Collaborations
Ecosystem Expansion Across Borders and Verticals
Strategic partnerships are a cornerstone of Multiverse Computing’s approach. They amplify technological progress, enable cross-sector innovation, and cement the company’s position as a trusted partner for global enterprises and research powerhouses.
Notable Partnerships and Collaborations
- Financial Sector: Deep collaborations with Crédit Agricole, BBVA, Bank of Canada, and Moody’s Analytics have led to successful pilots for fraud detection, derivatives pricing, and financial optimization.
- Energy and Utilities: Partnership with Iberdrola, Europe’s largest utility, to optimize battery placement in grids.
- Quantum and AI Research: Strong ties with IBM (integration in Qiskit), as well as with PINQ² and Mila (Montreal Institute for Learning Algorithms) for advanced research and market impact in North America and Europe.
- Manufacturing and Industry: Collaborations with Bosch and BASF have yielded quantum-enhanced solutions for production line defect detection and foreign exchange modeling, respectively.
- Government and Defense: Selected by Airbus Defence and Space under the EPIIC European Defence Fund initiative for quantum-powered gesture recognition in fighter jets—a first in the defense sector.
- AI, Quantum, and Tech Expansion: Collaborations with Tech Mahindra (services for global clients), Kinesis Network (for resource-efficient AI), and others signal a strategic push into AI optimization, sustainability, and digital sovereignty.
Multiverse also maintains links with accelerator programs (such as Amazon’s Generative AI Accelerator) and industry consortia (QuIC), ensuring alignment with regulatory, technical, and market developments.
Technological Innovations and Ongoing Research
Building the Future of AI and Quantum
Patent Portfolio and Publications
Multiverse holds or has filed over 160 patents by 2025, with a focus on quantum algorithms, tensor network optimizations, and AI infrastructure. Its research has been presented at leading scientific conferences and published in peer-reviewed journals, reflecting a commitment to open scientific progress and real-world applicability.
Key Research Advances
- Quantum-Inspired Tensor Networks: Pioneering the use of tensor networks to compress, optimize, and make transparent both AI and classical simulation tasks. Multiverse’s work in this area bridges the worlds of quantum simulation and practical AI compression, creating a true hybrid future.
- Hybrid Quantum-Classical Workflows: Recognizing the nascent state of quantum hardware, Multiverse delivers hybrid systems that solve industry problems using best-of-breed classical and quantum-inspired techniques with a clear path toward quantum supremacy readiness.
- AI Explainability (XAI): The Matrix Product State model provides “white box” interpretability—critical for regulatory compliance and industry adoption in sectors such as banking and healthcare.
- Synthetic Data and Anomaly Detection: Advanced generative AI models are tailored for cybersecurity, enabling the generation of realistic threats and systematic anomaly detection in enterprise-grade settings.
- Energy-Efficient AI: Focus on sustainability at every level, including not just software optimization but supply chain and lifecycle impact.
Industry Use Cases and Vertical Applications
Real-World Quantum and AI Impacts
Multiverse’s solutions are already delivering measurable value in diverse sectors:
- Finance: Portfolio optimization, derivatives pricing, risk assessment, and fraud/anomaly detection for major banks and insurers.
- Energy: Grid battery placement, renewable integration, and optimization of distribution networks in partnership with leaders like Iberdrola.
- Manufacturing: Quantum artificial vision systems and defect detection in production lines, digitized with Bosch.
- Healthcare and Life Sciences: Quantum-enhanced ML for drug discovery, medical imaging, and pandemic modeling—often in partnership with top research institutions.
- Cybersecurity: Explainable quantum-inspired anomaly detection and real-time threat mitigation.
- Mobility/Smart Cities: Traffic flow optimization, route planning, and smart infrastructure.
- Aerospace and Defense: Gesture recognition and pilot support systems for complex aircraft.
This sectoral diversity demonstrates Multiverse’s unique capacity to abstract technical depth into practical, high-ROI vertical solutions.
Awards and Industry Recognition
Global Acclaim for Innovation
The company’s achievements have been recognized by leading organizations worldwide:
- 2024 DIGITALEUROPE Future Unicorn Award: Presented for positive societal impact, green values, and gender diversity—singling Multiverse out as the most likely European startup to achieve $1 billion valuation in the tech space.
- CB Insights AI 100 (2023–2025): Inclusion as one of the world’s 100 most promising AI companies.
- Gartner Cool Vendor (2022): Recognized for pioneering quantum software in the financial sector and beyond.
- National SME of the Year (Spain): King of Spain’s prize for innovation and digitalization.
- Spanish Royal Society of Physics: Awarded for co-founder Román Orús’s contribution to quantum technology leadership and Multiverse’s industry influence.
- LinkedIn Top Startup (Spain 2024): Signaling impressive pace and talent attraction.
These and other awards reflect the company’s capacity to combine business success with societal and ethical contributions.
Current Company Metrics and Market Position
Metrics at a Glance (2025)
Metric | Value/Status |
---|---|
Employees | ~190 (projected 300 by EOY 2025) |
Revenues (2024/2025 Forecast) | €13M (2024), €30M (2025) |
Global Offices | San Sebastián, Paris, Munich, London, Toronto, Sherbrooke, San Francisco (expanding) |
Customers | 100+ (including top-tier enterprises globally) |
Patents | 160+ |
Funding Raised (to date/proj.) | c. $250M as of mid-2025 |
Valuation | €500M (latest round, 2025) |
Key Sectors | Finance, Energy, Manufacturing, Life Sciences, Cybersecurity, Defense, Mobility |
Competitive Market Position
- Market Leadership: Multiverse is considered the largest quantum AI software company in the EU and among the global top tier in both quantum and quantum-inspired AI.
- Customer Base: Trusted by Fortune 500 companies, government agencies, and global research institutions.
- Technological Differentiation: Proprietary tensor network expertise, sector-specific quantum/AI modules, and user-centric design set the company apart.
Strategic Goals and Future Ambitions
A Vision for 2030 and Beyond
Multiverse Computing’s strategy combines bold technological ambition with clear business pragmatism:
- Global Expansion: Continued office openings in new tech hubs, especially in North America and Asia-Pacific, and deepening of customer relationships.
- AI at the Edge (“AI Everywhere”): Accelerate adoption of CompactifAI models to enable offline, privacy-enhancing, efficient AI on the broadest set of platforms imaginable—from appliances to mobile to autonomous vehicles.
- Digital Sovereignty: Position as a key enabler for European and global digital sovereignty, offering sovereign, auditable, and efficient AI stack deployments, especially as geopolitical data concerns grow.
- Sustainability Leadership: Further reduce the compute and energy intensity of the digital economy via aggressive AI efficiency advances.
- Lifelong Learning: Develop training programs and educational partnerships to enable a new generation of quantum-literate engineers and decision-makers.
- Deep Partnership Ecosystem: Expand collaborations with quantum hardware vendors, cloud providers, academic institutions, and other technology firms to build interoperable, industry-shaping platforms.
- IPO/Scale Milestones: Preparation for further capital raises or public listing as market and technology milestones are achieved, targeting valuation milestones above €1 billion.
Multiverse Computing’s mission is not only to lead in quantum and AI technology but to serve as a responsible, ethical, and transformative force for good in the coming era of digital-physical convergence.
Ethics, Diversity, and Sustainability
Embedding Responsibility at Every Level
- Ethics Committee: Multiverse’s internal committee establishes and reviews best practices for ethical development of quantum and AI technologies, prioritizing privacy, transparency, diversity, and algorithmic fairness.
- Diversity Commitment: The company promotes diverse hiring, supports gender equality, and cultivates a multicultural global team.
- Sustainability Focus: CompactifAI and Singularity are explicitly designed to reduce the AI sector’s environmental footprint, contributing to corporate clients’ ESG objectives.
- Transparency in AI: Innovations such as “white box” AI models enable auditable, robust, and trustworthy algorithmic decision-making—essential for societal adoption.
- Academic and Social Dialogue: Multiverse is an active participant in industry and academic forums shaping the future of ethical quantum and AI practices, including adherence to the Montreal Declaration for Responsible Development of AI.
Academic and Research Partnerships
Catalyzing Global Innovation
- Mila Institute (Montreal): Deep research partnership focused on quantum-inspired AI, biotech, and mutual ethical priorities. Facilitates student training, technology exchange, and joint research, with initial focus in life sciences and scalable to other verticals.
- PINQ² (Quebec): Strategic collaboration to bring compressed, sovereign AI to Canadian enterprises in a trusted digital environment.
- CDL (Creative Destruction Lab): Partnership with one of North America’s foremost deep-tech accelerators, connecting Multiverse to the quantum ecosystem in Toronto.
- European Quantum Industry Consortium (QuIC): Active participant and policy influencer in shaping quantum-ready regulatory and innovation environments.
Competitive Landscape and Market Analysis
Distinct Positioning Amongst Global Quantum Leaders
While companies like D-Wave, IonQ, Rigetti, Xanadu, Quantinuum, SandboxAQ, and QC Ware are deeply respected in the quantum software or hardware world, Multiverse Computing’s differentiation lies in:
- Hybrid Quantum-Classical Platforms: Delivering value now, not just in quantum-adjacent future.
- Industry-Focused Approach: Accelerating verticalization with sector-specific modules (not just tools for researchers or developers).
- Quantum-Inspired Innovation: Practical advances via tensor networks and other quantum-inspired methods, enabling immediate performance wins on classical hardware.
- Strong AI Integration: CompactifAI’s leadership in AI model compression and sovereignty is unmatched by other pure-play quantum competitors.
- Recognition and Scale: Widely recognized by peer-reviewed journals, industry awards, regulators, and enterprise customers.
As the number of quantum and AI solutions grows, Multiverse holds a strategic leadership position at the intersection of technological ambition, business pragmatism, and ethical responsibility.
Conclusion
Multiverse Computing has evolved from an ambitious startup, founded by a close-knit team of scientific and business visionaries, into a global leader in quantum and quantum-inspired artificial intelligence. Its technology platforms, Singularity and CompactifAI, are transforming industries by unlocking efficiency, transparency, and accessibility that were once the exclusive domain of frontier science. Its deep partnerships, acclaimed research, and strategic funding support not only bode well for the company’s continued expansion, but also set the stage for responsible, sovereign, and sustainable digital transformation at planetary scale.
As artificial intelligence and quantum computing become central to economic development, industrial competitiveness, and societal wellbeing, Multiverse Computing is exceptionally well positioned to drive forward a more ethical, efficient, and equitable digital future. Its next chapters are poised to catalyze not just the industries of today but also the possibilities of tomorrow.
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This report was carefully prepared to provide the greatest possible insight, accuracy, and context. For additional questions or requests for follow-up inquiries, please contact URCA or Multiverse Computing directly.
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