Despite great efforts to unseat it, Microsoft Excel remains the go-to analytics interface in most industries — even in the relatively tech-advanced area of finance.
Could this familiar spreadsheet be the portal to futuristic quantum computing in finance? The answer is “yes,” according to the principals at Multiverse Computing.
This San Sebastián, Spain-based quantum software startup is dedicated to forging forward with finance applications of the quantum kind, and its leadership sees the Excel spreadsheet as a logical means to begin to make this happen.
“In finance, everybody uses Excel; even Bloomberg has connections for Excel tools,” said Enrique Lizaso Olmos, CEO of Multiverse Computing, which recently gained $11.5 million in a funding round headed by JME Ventures.
Excel is a key entry point for emerging quantum methods, Lizaso Olmos said, as he described how users can drag and drop data sets from Excel columns and rows into Multiverse’s Singularity SDK, which then launches quantum computing jobs on available hardware.
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