Multiverse Computing, a global leader in value-based quantum and quantum-inspired computing solutions and the largest quantum software company in the European Union, today announced it has secured a €25M (USD $27.1 million) oversubscribed investment round.

The Spanish government’s Minister for Digital Transformation and Public Function, Óscar López, announced on Tuesday that the government will become a shareholder of San Sebastian-based Multiverse Computing with a co-investment of 67 million euros.

Amid headlines about corporations investing in nuclear power plants to meet the insatiable energy needs of AI workloads, two companies, Multiverse Computing and Kinesis Network Inc. have joined forces to provide a new alternative—optimizing AI performance while reducing resource consumption.

AI and quantum company Multiverse Computing and the Bundesdruckerei Gmbh, the German federal government’s technology company, are exploring the potential of quantum and quantum-inspired solutions. The two companies recently completed two research projects that combined quantum-inspired software and data security expertise to build new prototypes that generate synthetic data more accurately than classic standard algorithms for machine learning. Together they investigated use cases such as improving privacy and utility of synthetic data generations as well as detecting fraudulent transactions in blockchain networks.

Multiverse Computing, a global leader in value-based quantum and quantum-inspired AI software solutions, today announced an investment from the largest Italian investor in venture capital CDP Venture Capital Sgr, as part of the company’s Series A round. The investment was carried out through two compartments of the Corporate Partners I fund, ServiceTech and Energytech, a corporate venture capital fund participated by some of the main Italian corporates as limited partners, including Baker Hughes, BNL BNP Paribas, Edison, GPI, Italgas, Snam and Terna Forward. Financial details of the investment were not disclosed.

Multiverse Computing, a leading quantum AI software company, today announced the launch of Singularity Machine Learning - Classification within IBM’s recently launched Qiskit Functions Catalog. IBM deployed Qiskit Functions to provide developers, researchers, computational and data scientists with advanced tools such as Singularity Machine Learning (ML), which is capable of training and running new AI models with ease and simplicity.

Multiverse Computing, a global leader in quantum AI software solutions, today announced its expansion to the U.S. with the opening of an office in San Francisco. The entry into the U.S. enables Multiverse Computing to accelerate adoption of its AI and quantum-based solutions by U.S.-based customers, including government and businesses.

Multiverse Computing, a global leader in quantum AI software solutions, today announced it will work with Airbus​ Defence and Space​ to build a new gesture-based control system for fighter jets as part of an innovation challenge​ within the EPIIC European Defence Fund project.​

Iberdrola, one of the world’s largest clean energy companies, and Multiverse Computing, a global leader in value-based quantum computing solutions, have successfully delivered a pilot project in northern Spain to optimize the installation of grid-scale batteries, which will become increasingly important as the energy transition progresses.