For years, running a powerful AI model meant buying time on somebody else’s expensive supercomputer. A Spanish company called Multiverse Computing is betting that era is ending, and investors are backing that bet with a €500 million Series C that values it at €2 billion.
Forgepoint Capital from the US, Bullhound Capital from the UK, and BNP Paribas’s climate-focused Solar Impulse Venture Fund lead the round. State-backed investors from Spain, Qatar, and the European Innovation Council have also committed capital, as have Santander, HP Inc, and Orange Ventures. The round is in its final close phase but remains open to additional strategic names.
Multiverse’s secret sauce is a technique called CompactifAI that borrows ideas from quantum physics to compress neural networks. The company claims it can shrink most large language models by up to 95 percent without meaningful accuracy loss, making them small enough to run on hardware as modest as a smartphone or an edge device on a factory floor.
The pitch has resonated across industries. More than 100 organizations including the Bank of Canada, Bosch, and Allianz use the platform. Annualized revenue has grown over 10x year on year, and the company expects to hit €200 million in ARR this year. Total capital raised now exceeds €700 million following last year’s $215 million Series B. The company plans to push harder into Asia, the Middle East, and North America.
