Multiverse Computing raises Series C funding at unicorn valuation for AI model compression technology
Funding Provisional 92% confidence first seen
Spanish AI startup Multiverse Computing is raising approximately €500 million ($570 million) in Series C funding at a valuation around €2 billion ($1.7 billion), achieving unicorn status. The round is co-led by Forgepoint Capital, Bullhound Capital, and BNP Paribas's Solar Impulse Venture Fund, with the capital to be used for scaling its CompactifAI technology, which compresses large language models by 80-95 percent while maintaining accuracy for deployment on edge devices.