Multiverse Computing, a leader in quantum AI software, announced an investment from CDP Venture Capital, Italy’s largest venture capital investor, as part of the company’s Series A funding round. The investment, facilitated through the Corporate Partners I fund’s ServiceTech and Energytech divisions, will support Multiverse’s expansion in Italy, particularly by strengthening its presence in Milan, fostering new partnerships, and attracting local talent. The deal aligns with the mission of CDP Venture Capital to promote innovation and technological advancements in Italy.
Multiverse Computing plans to use the new funds to advance its collaboration with prominent Italian entities, including its work with EuroHPC and the Leonardo supercomputer at CINECA in Bologna. This project, which focuses on improving the performance of quantum AI models, is a key part of the company’s strategy to enhance its CompactifAI software. Additionally, Multiverse’s collaboration with Leonardo aims to develop predictive maintenance solutions for the aerospace sector, leveraging quantum-inspired AI to optimize aircraft system diagnostics.
CDP Venture Capital’s investment is part of its broader effort to foster innovation in key sectors such as energy and service technologies. Agostino Scornajenchi, CEO of CDP Venture Capital, emphasized that the partnership would help consolidate Italy’s role as a hub for technological advancement and strengthen collaborations between Italian corporates and visionary startups.
Multiverse has been cultivating ties with Italy’s academic and research communities, including partnerships with Politecnico di Milano and the Università degli Studi di Bari Aldo Moro, where it has sponsored events like the Quantum 2024 Summer School. With CDP’s backing, the company aims to expand Italy’s quantum ecosystem and drive the development of practical quantum AI applications across various industries.
For more information, refer to the full press release from Multiverse Computing here and read QCR’s previous coverage of this Series A round here.
December 6, 2024
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