AQT and Multiverse announce a strategic partnership
February 2021: Multiverse and AQT are pleased to announce they have entered a global strategic partnership, combing Multiverse’s experience in providing software to facilitate the upcoming revolution in computer-aided finance challenges with AQT’s know-how of ion trap quantum computing.
Multiverse Computing provides hyper-efficient software for companies from the financial industry wanting to gain a strong competitive advantage by applying quantum computing solutions. Unsolvable issues, such as financial optimization, fraud detection and improvement in artificial intelligence solutions for the financial industry, will therefore be easily addressed. The company is currently collaborating with banks such as BBVA and Bankia, and is preparing more collaborations with leading financial institutions worldwide.
A report from the Boston Consulting Group (BCG) recently mentioned Multiverse Computing as the only international company truly specialised in quantum algorithms for the financial industry. Its internationally renowned team of experts is known for its innovative approach to financial and macroeconomic problems. “We are thrilled to collaborate with AQT. They are the world-leading experts in ion trap technology, and access to their quantum hardware will open a world of possibilities for financial quantum algorithms” says Román Orús, CSO of Multiverse.
AQT is a leading start-up in the race to build a quantum computer. A spin-off of the University of Innsbruck and the Austrian Academy of Sciences, AQT realizes quantum computers based on the individual manipulation of trapped charged atoms. The solution by AQT operates at room temperature and fits inside an industry-standard 19’’ rack.
Furthermore, AQT provides cloud-access to its quantum computer for a wide range of applications. “Finance optimisation has to deal with calculating and optimizing for a vast number of scenarios. Quantum computers promise to efficiently investigate all scenarios and give you the best solution” says Thomas Monz, CEO of AQT. “Combining the theory and software experience of Multiverse with the hardware and engineering expertise of AQT will significantly facilitate user- and application-driven progress in this field.”
The second quantum revolution
There is no doubt that the quantum revolution is coming. Quantum technology is playing an increasingly critical role in every aspect of business. More and more companies recognize that they need to accelerate the development of digital solutions to ensure they remain on the competitive vanguard.
One of the greatest challenges in the development of quantum computers is considered the highly complex interaction of hardware and software. Two European start-ups, each a pioneer in its field, Multiverse, one of the top European quantum software start-ups and AQT, one of the top quantum computing hardware providers can provide the solution and will work together offering a broad range of innovative applications in various fields of industry and academia.
Multiverse Computing is a quantum startup with offices in San Sebastian and Toronto, world-leader on quantum and quantum-inspired computing for finance. The company, established in 2019 with the support from institutions such as DIPC, BIC Gipuzkoa and Creative Destruction Labs, has recently closed a pre-seed funding. Multiverse is currently staffed with 16 cutting-edge professionals, and its vision is to change the way finance is done, for good.