Multiverse Computing, a Spanish artificial intelligence company and member of the EIC Scaling Club, has announced a Series C fundraising round targeting up to $570 million (€500 million).

The round values the company at $1.7 billion (€1.5 billion) before the investment — five times its valuation at the previous funding round. It is co-led by Forgepoint Capital International, the BNP Paribas Solar Impulse Venture Fund and Bullhound Capital.

The investor group also includes the EIC Fund, Santander Alternative Investments, Tikehau Capital, HP, Orange Ventures, Scania Invest, Qatar Development Bank and several public and strategic investors. The round may remain open to selected additional participants.

Making advanced AI more efficient

Multiverse Computing develops technology that reduces the computing power needed to run artificial intelligence models.

Its CompactifAI platform applies mathematical methods derived from quantum physics to compress large models. According to the company, this can reduce their size by 80% to 95% with little effect on accuracy.

Smaller models can run faster, consume less energy and operate on a wider range of hardware. This can allow organisations to deploy advanced AI directly on smartphones, vehicles, industrial equipment and other connected devices instead of sending every task to a large external data centre.

The technology can also support organisations that need to keep sensitive data on their own systems for reasons of security, privacy or sovereignty.

From edge devices to data centres

Multiverse Computing is expanding its platform across on-device, on-site and cloud environments.

Its technology can determine whether a task should be processed locally or sent to the cloud, helping organisations match each workload with the most suitable model and infrastructure. The company is also developing software for AI data centres that combines model compression, computing-resource management and controls for sovereign deployments.

This approach addresses two major challenges facing the AI industry: the cost of computing infrastructure and the energy required to run increasingly large models.

By reducing those requirements, Multiverse Computing aims to make advanced AI more accessible to businesses while supporting more efficient use of existing hardware.

Supporting rapid commercial growth

The announcement follows a period of strong expansion for Multiverse Computing.

Since completing its Series B round in June 2025, the company says it has increased its annualised revenue more than tenfold. Its models are already being deployed across millions of devices and systems, including cameras, drones, satellites, vehicles and telecommunications infrastructure.

Its customers and partners span manufacturing, finance, energy, aerospace, cybersecurity, defence, healthcare and life sciences. They include Allianz, the Bank of Canada, Bosch, Iberdrola, Indra, PwC and Telefónica.

The funding will support further research, the development of new efficient AI models and investment in infrastructure for sovereign AI. It will also help the company strengthen its presence in East and Southeast Asia, the Middle East, Canada and the United States.

Strengthening Europe's position in efficient AI

Headquartered in Donostia-San Sebastián, Multiverse Computing has grown from its origins in quantum software into an international AI company serving more than 100 customers.

The Series C fundraising could bring its total funding to $800 million. It also provides further evidence that Europe can develop globally relevant technologies across the AI value chain — not only by building larger models, but by making them more efficient, deployable and sustainable.

As demand for AI grows, the ability to run models with less computing power could become increasingly important. Multiverse Computing’s expansion therefore has implications beyond the company itself: it could help businesses deploy AI at lower cost, reduce pressure on computing infrastructure and retain greater control over where their data and models operate.

About the EIC Scaling Club

The EIC Scaling Club is a curated community where 120+ European deep tech scale-ups with the potential to build world-class businesses and solve major global challenges come together with investors, corporate innovators and other industry stakeholders to spur growth.

The top 120+ European deep tech companies will be carefully selected from a pool of high-growth scale-ups that have benefitted from EIC financial schemes, other European and national innovation programmes, and beyond.

The EIC Scaling Club is an EIC-funded initiative run in partnership by Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu, EurA and IESE Business School.

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