October 6, 2023 · 2 min read

A Brief Overview Of Quantum Computing In Spain In 2023

Quantum computing, the revolutionary technology that harnesses the principles of quantum mechanics to process information exponentially faster than classical computers, has emerged as one of the most promising fields of research in recent years. As nations worldwide vie for supremacy in this rapidly evolving industry, Spain has firmly established itself as a notable player in the quantum computing race. With a strong focus on research, significant government support, and a thriving private sector, Spain has positioned itself as a quantum hub in Europe.

Multiverse Computing

A Brief Overview Of Quantum Computing In Spain In 2023

Moving to Catalonia now, we have LuxQuanta, a spin-off company from the Institute of Photonic Sciences (ICFO) in Barcelona. As well as providing mathematical cryptographic techniques on top of quantum-safe systems and technologies, LuxQuanta strives to integrate Quantum Key Distribution (QKD) systems into existing network infrastructures.

One of the more high-profile companies in Spain, Multiverse Computing hails from the Basque region and provides software to companies in the financial industry as well as other verticals seeking to gain an edge through quantum computing. Among the company’s areas of expertise are portfolio optimization, risk analysis and market simulation.

Quantum Mads specializes in examining, both theoretically and practically, the inherent dynamics of complex financial systems, and to create solutions that will disrupt current modelling techniques and allow us to have unique insight that will be valuable to our clients. The company is based in Vitoria-Gasteiz.

Like Multiverse Computing, Quanvia’s headquarters are in the Basque region, but it has a presence in Washington D.C., US and Santiago, Chile. Through the integration of quantum computing and artificial intelligence, Quanvia provides innovative quantum products in training, research, and consulting.

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About Multiverse Computing

Multiverse Computing is the leader in quantum-inspired AI model compression. The company’s deep expertise in quantum software led to the development of CompactifAI, a revolutionary compressor that reduces computing requirements and unleashes new use cases for AI across industries. Headquartered in Donostia, Spain, with offices in the United States, Canada, and across Europe, Multiverse serves more than 100 global customers, including Iberdrola, Bosch, and the Bank of Canada.

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