15 Quantum Computing Startups 2023

15 Quantum Computing Startups 2023 - Article by Josh Howarth

Multiverse

Quantum computing is a rapidly growing field that aims to solve some of the most challenging problems that humanity faces in the 21st century. IBM estimates that a complex problem would take a normal supercomputer a week. A quantum computer? 1 second.

Quantum computing is still relatively new, reaching a market size of around $554.6 billion in 2021. By the end of 2029, it’s projected to be around $4.7 trillion, with a compound growth rate of 31.2%.

Major players like Amazon, IBM, and Microsoft are increasingly focusing on quantum computing as a potential solution to their most complex business puzzles. In fact, Amazon even has its own Amazon Quantum Solutions Lab.

Read below for our list of the world’s most exciting and innovative quantum computing startups.

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4. Multiverse Computing

5-year search growth: 0%

Search growth status: Peaked

Year founded: 2019

Location: San Sebastian, Spain

Funding: $24M (Series Unknown)

What they do: Almost everyone can agree that traditional finance (TradFi) is rich for disruption. And Multiverse has its sights set on applying the power of quantum computing to revolutionize the industry. Their core product, Singularity, produces quantum-inspired algorithms in a SaaS format complete with an SDK/toolkit that’s easy to use and implement in common applications like Microsoft Excel.

Highlighted by firms like McKinsey and Boston Consulting Group, Multiverse has managed to build partnerships with Amazon, Microsoft, as well as several other startups on our list like Rigetti, IonQ, and Pasqal.

Please find the full article by Exploding Topics here.