Multiverse Computing and Xanadu Partner on Quantum Software for Finance – insideHPC – insideHPC

TORONTO and SAN SEBASTIN, SPAIN Multiverse Computing, a maker of quantum computing software for the financial industry, and Xanadu, a full-stack photonic quantum computing company, announced today a joint partnership to expand Multiverses use of Xanadus open source software, PennyLane.

The partnership will enable Multiverses financial services clients to develop applications with greater speed and ease. These applications will enhance financial and banking intelligence in areas ranging from risk modeling to market forecasting.Led by Xanadus world-renowned team of scientists and developers, PennyLane has built a large and passionate following since its initial release three years ago.

PennyLane connects the most popular quantum computing platforms with the best machine learning tools using a device-agnostic and open-source approach, allowing users to train quantum computers the same way as neural networks.

With PennyLane at the core of Multiverses product suite, our financial services clients will gain access to tools and best practices in quantum programming, backed by one of the worlds largest open-source quantum communities, said Samuel Mugel, CTO ofMultiverse Computing. We see PennyLane as a critical tool for validating our product efforts, enhancing our ability to rapidly test and deploy new quantum capabilities across our financial user community.

We continue to see broader adoption of PennyLane with innovative startups like Multiverse. Xanadus open-source software is an excellent vehicle for accelerating development and reducing the time to market for new quantum products, said Rafal Janik, Xanadus Head of Product. The collective knowledge of Multiverses scientists and their clients provides feedback benefiting the broader open-source community and improving PennyLane.

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Multiverse Computing and Xanadu Partner on Quantum Software for Finance - insideHPC - insideHPC