Multiverse Computing Targets $570 Million Series C at $1.7 Billion Valuation

Multiverse Computing has launched a Series C round targeting up to $570 million at a pre-money valuation of $1.7 billion as the Spanish artificial intelligence company seeks to scale technology that reduces the computing and energy requirements of large AI models. The financing is being co-led by Forgepoint Capital International, BNPP Solar Impulse Venture Fund and Bullhound Capital, with commitments from a broad group of strategic and institutional investors including Santander Alternative Investments, Tikehau Capital, HP, Orange Ventures, Scania Invest, NAventures, Qatar Development Bank, Zouk Capital, SETT, the EIC Fund, the Basque Government’s Hazten Scale-Up Fund and Kutxa Fundazioa.

“The AI industry has accepted a false constraint for years — that powerful models require expensive infrastructure,” said Enrique Lizaso, co-founder and CEO of Multiverse Computing. “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.”

Context and technology

At the centre of Multiverse’s offering is CompactifAI, an AI-model compression platform that uses tensor networks, a mathematical framework derived from quantum physics, to shrink large language models by between 80% and 95% with minimal loss of accuracy. The company says the compressed models need fewer computing resources, consume less energy and run faster across cloud, on-premises and edge environments — enabling deployment on smartphones, industrial equipment and other devices where cloud connectivity is unavailable, expensive or restricted by data-sovereignty requirements.

Multiverse is headquartered in San Sebastián, Spain, and develops what it describes as sovereign and energy-efficient AI technology. The firm reports that its models are already deployed across millions of devices and systems, including drones, cameras, satellites, vehicles and telecommunications infrastructure, and that it serves more than 100 customers across manufacturing, financial services, energy, aerospace, cybersecurity, defence, healthcare and life sciences.

The company said the Series C, which may remain open to additional strategic investors, would take total capital raised to approximately $800 million when combined with previous rounds. Multiverse also reported rapid commercial momentum: since completing its Series B round in June 2025 its annualised revenue has increased more than tenfold, while first-quarter 2026 sales grew 96 times year-on-year.

Plans and outlook

Proceeds from the Series C will be directed at expanding Multiverse’s library of compressed AI models, advancing research into proprietary algorithms and investing in sovereign AI infrastructure. The company also intends to accelerate geographic expansion across East Asia, Southeast Asia, the Middle East, Canada and the United States.

• Lead investors: Forgepoint Capital International, BNPP Solar Impulse Venture Fund, Bullhound Capital
• Other committed investors: Santander Alternative Investments; Tikehau Capital; HP; Orange Ventures; Scania Invest; NAventures; Qatar Development Bank; Zouk Capital; SETT; the EIC Fund; Hazten Scale-Up Fund; Kutxa Fundazioa
• Target round size: up to $570 million at $1.7 billion pre-money valuation
• Reported total capital post-round: ~ $800 million (including prior rounds)
• Compression claims: 80–95% model size reduction with minimal accuracy loss

If successful, the raise would fund both product and regional expansion while reinforcing Multiverse’s pitch to customers and sovereign partners seeking energy-efficient, on-device and data-sovereign AI deployments.