Multiverse Computing targets a 1.7bn valuation to cut AI costs
July 27, 2026
Multiverse Computing, based in San Sebastián in Spain’s Basque Country, has opened a Series C round targeting up to $570m (€500m), the company said on July 27.
The raise would value the startup at roughly $1.7bn (€1.5bn) before the new money arrives, which the company put at about five times its previous valuation.
The pitch rests on CompactifAI, a tool Multiverse says can compress a large language model by up to 95% with what it calls immaterial accuracy loss. It borrows tensor networks from quantum physics to strip redundancy out of a model, cutting the memory, cost, and energy each query burns.
In practice, the company sells slimmed-down versions of open models such as Meta’s Llama, packaged to run on cheaper hardware or on-premises rather than inside a hyperscaler’s data centre.
The round is co-led by Forgepoint Capital International, the BNPP Solar Impulse Venture Fund, and Bullhound Capital, according to the company. If it closes at the top of the range, Multiverse’s total funding would reach about $800m across all rounds.
The company has not said when it expects to finish raising, nor disclosed the terms attached to the lead investors’ stakes. A round that is announced while still open can also close below its target.
In June 2025 the firm closed a Series B worth €189m, or about $215m, led by Bullhound with backing from HP Tech Ventures, Toshiba, Forgepoint, SETT, and Spain’s CDP Venture Capital. Bloomberg reported in February that Multiverse was in talks at a €1.5bn valuation, the same figure now attached to the Series C.
Multiverse was founded in 2019 by chief executive Enrique Lizaso, a former banker, and chief scientific officer Román Orús, a physicist whose work on tensor networks underpins the product.
Its customer list, per the company, runs to Iberdrola, Bosch, Telefónica, Allianz, Bank of Canada, Indra, and PwC.
Multiverse also reported steep growth to match its ambitions, claiming a tenfold rise in annualised revenue since the last round and first-quarter sales up 96 times year on year. Those figures are self-reported and have not been independently audited.
Tech.eu additional detail
Tech deployed across drones, cameras, satellites, vehicles, and telecom infrastructure. Round also includes commitments from Santander Alternative Investments, Tikehau Capital, Orange Ventures and Scania Invest amongst others.
Tech.eu URL: https://tech.eu/2026/07/27/multiverse-computing-says-has-funding-commitments-up-to-570m-in-latest-round/