Multiverse Computing, a global leader in quantum and quantum-inspired AI software, has recently secured a significant investment from CDP Venture Capital Sgr, Italy’s largest venture capital investor. This strategic funding from the Italian VC leader will fuel part of Multiverse’s Series A round, driving significant growth in quantum AI computing. This move reflects Italy’s commitment to emerging as a hub for technological innovation.
The investment has been facilitated through CDP Venture Capital’s Corporate Partners I fund compartments ServiceTech and EnergyTech. The funding will amplify Multiverse’s presence in Italy, with a keen focus on expanding its Milan office, fostering valuable partnerships, and attracting top talent. As Enrique Lizaso Olmos, CEO and co-founder of Multiverse Computing, said, “We have been working with Italian companies and universities for several years, and now we will be able to build even stronger ties and more innovative collaborations based on our quantum AI software.”
Pioneering Projects in the Pipeline
Multiverse Computing is now planning to channel the new funding into groundbreaking projects, including benchmarking its proprietary CompactifAI technology on EuroHPC’s Leonardo supercomputer at CINECA in Bologna. This initiative will explore more advanced tensor network compression techniques for large language models (LLMs). The plan aims to enhance energy efficiency and model performance.
This project is part of Multiverse’s broader ambition to lead the quantum AI space. Through this initiative, the company intends to advance quantum AI by developing efficient, scalable solutions for modern industry challenges. “We also plan to use CompactifAI to help industry leaders develop new use cases for large language models that are smaller and more efficient,” Lizaso Olmos remarked.
Another flagship endeavor of Multiverse Computing involves advancing predictive maintenance algorithms in collaboration with Leonardo, the Italian aerospace and defense giant. The company is leveraging quantum-inspired AI in this multi-year project, which aims to revolutionize aircraft system maintenance, aligning with European Union goals to drive digitization and automation across industries.
Strengthening Academic Connections
A key facet of Multiverse Computing’s strategy is to foster innovation through meaningful academic collaboration. The company has already cultivated partnerships with leading Italian universities like Politecnico di Milano and Università degli Studi di Bari Aldo Moro, moving closer to its mission. These collaborations have helped Multiverse contribute to the country’s burgeoning quantum ecosystem. It is also through these academic ties that the company has supported initiatives like the Osservatorio Digital Innovation on Quantum Computing and the Quantum 2024 Summer School.
“The quantum research communities at Italian universities like Politecnico di Milano and Università degli Studi di Bari Aldo Moro have demonstrated enormous potential to drive meaningful advancements in quantum AI applications for various industries,” said Gianni Del Bimbo, Chief Operations Officer of Multiverse Computing. “With the support of CDP Venture Capital, we look forward to collaborating with those communities to boost the Italian quantum ecosystem by developing practical quantum AI use cases.”
Strategic Vision for Italy’s Technology Ecosystem
The investment by CDP Venture Capital in Multiverse Computing aligns with its mission to solidify Italy’s position as a global leader in tech innovation. Agostino Scornajenchi, CEO and General Manager of CDP Venture Capital, emphasized the significance of this partnership, saying, “Investing in Multiverse Computing, a company of excellence in the field of quantum computing and AI, is part of our broader goal to promote innovation and new technologies in Italy supporting visionary companies and fostering collaboration with the Italian corporates.”
He further added, “This investment represents a strategic step to develop partnerships and high-impact projects in our country, helping to consolidate Italy’s role as a hub of innovation and technological advancement.”
The Path Ahead
With strong financial support from CDP Venture Capital and a track record of delivering cutting-edge quantum solutions, Multiverse Computing is already on track to lead the next wave of technological advancement. This investment also helps CDP Venture Capital solidify Italy’s role in the global quantum AI landscape.
Multiverse Computing’s latest achievements reflect the potential of private investment and academic collaboration in paving the way for further advancements in quantum AI.
