Multiverse Computing raises USD $570 million in Series C

Multiverse Computing has raised USD $570 million in a Series C funding round, valuing the Spanish artificial intelligence company at USD $1.7 billion pre-money.

The round was co-led by Forgepoint Capital International, BNPP Solar Impulse Venture Fund and Bullhound Capital, with commitments from Santander Alternative Investments, Tikehau Capital, HP, Orange Ventures, Scania Invest, NAventures, Qatar Development Bank, Zouk Capital, SETT, EIC Fund, the Basque Government's Hazten Scale-Up Fund and Kutxa Fundazioa.

The fundraising marks a sharp increase from the company's previous round. Multiverse said the pre-money valuation is five times its Series B valuation, and total funding could reach USD $800 million including earlier rounds.

Multiverse develops software that reduces the size of large language models so they can run on less computing infrastructure. Its core product, CompactifAI, uses tensor networks, a mathematical approach drawn from quantum physics, to compress AI models.

According to the company, the system can reduce the size of large language models by 80% to 95% with limited loss of accuracy. That would allow AI systems to run faster, use less energy and operate where cloud access is costly, slow or restricted.

Enrique Lizaso, co-founder and chief executive officer of Multiverse Computing, said the company sees demand beyond centralised data centres.

"The AI industry has accepted a false constraint for years - that powerful models require expensive infrastructure. That constraint is gone. We have proven that AI can run at full performance on a smartphone, inside a sovereign data center, on a factory floor with no cloud connection. This round is the moment we scale that proof across every industry that needs it," Lizaso said.

Growth claims

Since closing its Series B in 2025, Multiverse said its annualised revenue has grown more than tenfold. First-quarter 2026 sales were 96 times higher than a year earlier, it added.

The company said its software is already deployed across millions of devices and systems, including drones, cameras, satellites, vehicles and telecoms infrastructure. Its models are also due to be embedded into AI personal computers.

Customers and partners include Allianz, Bank of Canada, Bosch, Iberdrola, Indra, PwC and Telefónica, according to the company. Those relationships span manufacturing, finance, energy, aerospace, cyber security, defence, and health and life sciences.

Multiverse said the new capital will support expansion of its library of compressed AI models, further research and development, and investment in software for sovereign AI infrastructure. It also plans to strengthen its regional presence in East Asia, Southeast Asia, the Middle East, Canada and the United States.

Investor view

The investment comes as companies and governments seek ways to reduce the cost and energy demands of large language models. Compression and deployment tools have become a focus as businesses try to run AI workloads outside the largest cloud providers.

Damien Henault of Forgepoint Capital International said Multiverse had moved beyond a narrow role in model compression.

"The AI industry has built an extraordinary capability on top of an infrastructure model that wasn't designed to sustain it. The winners in the next phase of this multi trillion-dollar market will be the ones that make every data center, every GPU, and every enterprise deployment dramatically more efficient. Multiverse sits at the intersection of the infrastructure and the application layers and has evolved from being the leading downstream LLM compression technology to becoming a complete AI foundry and operating system. It is the only company we've seen that has both the technical foundation and the commercial traction to be that critical platform," said Damien Henault, managing director and partner at Forgepoint Capital International.

Yann Lagalaye, managing partner at BNPP Solar Impulse Venture Fund, linked the investment case to lower computing use.

"Beyond delivering substantial cost-savings for its clients, Multiverse's solutions achieve a structural reduction in the energy intensity of LLM workloads through advanced model-compression techniques. This translates into lower GPU utilization, reduced energy consumption, and decreased infrastructure requirements, all while preserving comparable performance and accuracy levels. BNP Paribas SIVF is delighted to back Multiverse, whose transformative technology promises a significant step forward for the sustainable use of resources in AI models inference," said Yann Lagalaye, managing partner at BNPP Solar Impulse Venture Fund.

Per Roman of Bullhound Capital cast the company as part of a broader European push to retain more control over AI deployment.

"For years Europe has worried it cannot compete at the frontier of AI. Multiverse is the answer - a team out of San Sebastián whose technology lets anyone run powerful models on their own terms, on their own soil, without depending on anyone else. Backing Román, Enrique, and this team was one of the most important decisions we have made," said Per Roman, co-founder and managing partner at Bullhound Capital.