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Completed HORIZON European Commission

SINGULARITY: The first quantum software toolbox for finance

€3.57M EUR

Funder European Commission
Recipient Organization Multiverse Computing Sl
Country Spain
Start Date Sep 01, 2022
End Date Dec 31, 2024
Duration 852 days
Number of Grantees 2
Roles Third Party; Coordinator
Data Source European Commission
Grant ID 190145380
Grant Description

Quantum computers are reaching a scale where they can start delivering value.

The quantum software market is estimated to grow at a CAGR of 42% over the next five years to reach 1.42 billion by 2027. McKinsey highlighted finance as the earliest high-impact application of quantum computing. We have been pioneers in this space. We authored one of the seminal papers in the field.

Then we developed a quantum software toolkit for finance, and results from beta testing with leading financial institutions brought us to the limelight.

Now, thought leaders like McKinsey, The Economist, BCG, and Forbes point at Multiverse as a leading firm in quantum finance. Quantum computing is a strategic technology for Europe. Anglo-Saxon firms dominate both quantum and finance. Yet, Multiverse is leading this race. However, we must act decisively to keep this position.

With the EIC support, we will keep the lead and materialise the promise of quantum for financial applications.

All Grantees

Multiverse Computing Research Sl; Multiverse Computing Sl

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