TLDR:
- Bullnet Capital, a Spanish venture capital firm, leads an investment round in Inspiration-Q, a quantum-inspired software startup focusing on algorithms for conventional computers.
- Inspiration-Q’s algorithms target optimization problems in the financial sector and aim to contribute to digital transformation in companies.
Bullnet Capital has invested in Inspiration-Q, a startup founded by quantum computing experts from the Spanish National Research Council (CSIC). The company focuses on developing and commercializing quantum-inspired algorithms that can run on conventional computers, offering optimization benefits similar to quantum computing. The recent investment will help Inspiration-Q expand its team and software platform, which has shown success with clients in the financial industry. The founders emphasize that their algorithms are production-ready and can be used today without waiting for quantum hardware to advance.
This investment is part of Bullnet Capital’s Innvierte Science Tech Bullnet Capital IV fund and is supported by the European Union’s Horizon 2020 framework. Inspiration-Q’s technology targets complex numerical problems, particularly in finance, to contribute to the digital transformation of companies. The company’s focus on solving optimization problems in the financial sector sets it apart in the quantum-inspired software space.
