Start-up that compresses AI models for quantum computing raises $27M
Image Credit: multiversecomputing
Multiverse Computing, a start-up from Spain, has secured $27 million in a funding round led by Columbus Venture Partners. It is now valued at $108 million. Multiverse Computing develops software to optimize complex computations using quantum-inspired techniques. It aims to utilize the funds to build quantum software for various sectors, such as finance and manufacturing. The company is also looking to expand into the artificial intelligence sector and collaborate with AI firms working on large language models (LLMs).