Spain's Multiverse Computing hits unicorn status after raising €500 million Series C at €1.5 billion valuation
Spanish AI scale-up Multiverse Computing has closed a €500 million Series C round, valuing it at €1.5 billion and granting unicorn status, with plans to scale its efficient AI platform globally.
Multiverse Computing, a San Sebastian-based AI company focused on sovereign and efficient artificial intelligence, announced the closing of a €500 million ($570 million) Series C funding round at a €1.5 billion ($1.7 billion) pre-money valuation. This marks a fivefold increase from its Series B round. The round was co-led by Forgepoint Capital International, BNPP SIVF, and Bullhound Capital, with participation from Santander Alternative Investments, Tikehau Capital, HP Inc., Orange Ventures, Scania Invest, NAventures (National Bank of Canada’s corporate venture arm), Qatar Development Bank, Zouk Capital, SETT, EIC Fund, the Basque Government’s Hazten Scale-Up Fund, and Kutxa Fundazioa. Including prior rounds, total funding now stands at €701.3 million ($800 million).
At the core of Multiverse's platform is CompactifAI, a compression technology using tensor networks from quantum physics. This reduces large language model size by 80-95% with minimal accuracy loss, enabling faster, more energy-efficient AI deployment across cloud, on-premises, and edge environments. The CompactifAI Router decides in real-time whether workloads run locally or in the cloud. The company also develops an end-to-end software layer for AI factories and data centers, combining model compression, GPU orchestration, AI services, and sovereign controls.
Since its €189 million Series B in June 2025, Multiverse Computing has grown annualized revenue by more than 10x, with 96x year-over-year sales growth in Q1 2026. Its models are deployed across millions of devices, including drones, cameras, satellites, vehicles, and AI PCs. Customers and partners span sectors like manufacturing, finance, energy, aerospace, defense, and health, including Allianz, Bank of Canada, Bosch, Iberdrola, Indra, PwC, and Telefónica.
The company plans to use the funds to expand its model library, advance R&D, invest in sovereign AI gigafactory infrastructure and software, and strengthen presence in key markets such as East Asia, Southeast Asia, the Middle East, Canada, and the United States.
