Multiverse Computing raises €1.5 million from Quantonation, Seed Gipuzkoa, Easo Ventures and Mondragón

Multiverse Computing, a Donostia (San Sebastian), Spain-based software developer for the financial industry, announced the completion of a €1.5 million ($1.7M) funding round.

The money was raised from investos including Quantonation, Seed Gipuzkoa, Easo Ventures, Mondragón FCR Promotion Fund and Penja Strategy.

Multiverse Computing, founded in 2019 by CEO Enrique Lizaso and Román Orús, develops software as a service solutions for companies in the financial sector that gain a strong competitive advantage through the application of quantum computing tools. The tools are used for financial optimization, fraud detection and substantial improvement of artificial intelligence solutions in the financial field, and used within projects for optimizing financial portfolios with BBVA and Bankia, detect tax fraud, money laundering and credit cards, as well as predict financial “crashes” using quantum algorithms.