DFM Funding Monitor

SINGULARITY: The first quantum software toolbox for financebroad

SINGULARITY · Horizon Europe grant · 2022-09-01–2024-12-31

EC contribution

€2,500,000

Total cost

€3,571,429

Beneficiaries

2

About the data

Source: CORDIS (official EU open data), Horizon Europe. Framework HORIZON · call HORIZON-EIC-2021-ACCELERATOROPEN-01 · scheme HORIZON-EIC-ACC-BF · topic HORIZON-EIC-2021-ACCELERATOROPEN-01. CORDIS record →

Objective

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.

Beneficiaries (2)

Organisation	Country	Role	EC contribution	SME
MULTIVERSE COMPUTING SL DFM profile	ES	coordinator	€2,500,000	Yes
MULTIVERSE COMPUTING RESEARCH SL	ES	thirdParty	€0

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