27M

The market for high-level quantum computer science — which applies quantum principles to manage complex computations in areas like finance and artificial intelligence — appears to be quickening its pace. In the latest development, a startup out of San Sebastian, Spain, called Multiverse Computing is announcing that it has raised €25 million (or $27 million) in an equity funding round led by Columbus Venture Partners. The funding, which values the startup at €100 million ($108 million), will be used in two main areas. “Multiverse’s exceptional team will soon apply their unparalleled capability to deliver quantum and quantum-inspired software solutions also within the life sciences and biotechnology markets, where Columbus Venture Partners will help to identify unmet market needs and high-profile industrial partners,” Javier Garcia, a partner at Columbus Venture Partners, in a statement. Others competing in the same space include the Alphabet spinout Sandbox AQ, Quantum Motion, and Classiq.