Finland’s IQM Quantum Computers, which recently announced the biggest Series A funding round ever for a European quantum firm, has teamed with Spain’s Multiverse Computing to develop integrated application-specific quantum processors to target applications in finance, energy, chemistry, logistics, material science and other verticals.
A big part of selling clients in these industries on the capability of quantum is working closely with them to find their use cases and applications that can benefit the most, and then figuring out how to address them. Integrated application-specific solutions could help prospective customers to more quickly see and understand how quantum computing can directly address their needs, and get them started more quickly on projects.
Under the partnership, IQM’s quantum processors will be tightly integrated with Multiverse’s Singularity SDK, and engineers will design application-specific processors that leverage the strengths of each product and each company’s deep customer knowledge to offer the best custom solutions, the partners said. IQM already has an office in Madrid, Spain, through which it can work closely with Multiverse, which is based in San Sebastian, Spain.
“This partnership combines the best solutions in today’s quantum software and hardware,” says Dr. Peter Eder, Head of Partnerships of IQM Quantum Computers. “We are bringing some of the best quantum experts in this world together to find a fast lane to quantum advantage. Our customers and end-users globally will benefit from this unique joint offering, and we can’t wait to share the results of this collaboration.”
Multiverse on its own has been focused on delivering quantum software plug-ins and quantum-inspired algorithms to tackle specific optimization, machine learning and simulation applications, particularly in finance, but also other industries. That fits with IQM’s co-designed quantum computers, which minimize non-essential overheads and offer novel chip architecture and ultrafast quantum operations. Together the companies can create something closer to the notion of a full-stack quantum computing play.
“While Multiverse can offer added value today with our quantum-inspired solutions, being a part of a custom full-stack solution is key for Singularity’s adoption and will ultimately drive the adoption of quantum computing technologies,” said Mehdi Bozzo-Rey, Chief Revenue Officer at Multiverse Computing. “This combined offering means both our customers can explore the power of quantum computing with customized solutions dedicated to solving their particular business challenges.”
Dan O’Shea has covered telecommunications and related topics including semiconductors, sensors, retail systems, digital payments and quantum computing/technology for over 25 years.