Spain’s Multiverse Computing raises $570m at $1.7bn valuation
The AI compression start-up’s funding round – co-led by Forgepoint Capital International, BNPP SIVF and Bullhound Capital – values the company at a fivefold step-up from its Series B.
Multiverse Computing, based in San Sebastián, Spain, has announced a $570m (€500m) Series C funding round at a $1.7bn (€1.5bn) pre-money valuation, marking fivefold step-up from its Series B.
The round was co-led by Forgepoint Capital International, BNPP SIVF and Bullhound Capital, with commitments from Santander Alternative Investments, Tikehau Capital, HP Inc, Orange Ventures, Scania Invest, NAventures, Qatar Development Bank, Zouk Capital, SETT, EIC Fund, the Basque Government’s Hazten Scale-Up Fund and Kutxa Fundazioa.
Advised by JP Morgan and Santander CIB, the round is expected to bring Multiverse’s total funding to $800m and may remain open to further strategic investors.
At the centre of Multiverse’s pitch is CompactifAI, a compression technology developed by co-founder and chief scientific officer Dr Román Orús that applies tensor networks – a mathematical framework drawn from quantum physics – to the goal of shrinking large language models.
The company says the approach can cut model size by between 80pc and 95pc with minimal accuracy loss, letting AI run on devices such as smartphones and in environments such as factory floors without a cloud connection.
“The AI industry has accepted a false constraint for years: that powerful models require expensive infrastructure,” said co-founder and CEO Enrique Lizaso. “That constraint is gone.”
Damien Henault, managing director and partner at Forgepoint Capital International, said Multiverse has evolved from a downstream compression technology into what he called a complete AI foundry and operating system, adding that it is the only company his firm has seen with both the technical foundation and commercial traction to become a critical platform for the industry.
Multiverse’s platform now spans cloud, on-premises and on-device deployment, coordinated by what it calls the CompactifAI Router, alongside a software layer aimed at sovereign AI data centres.
Multiverse said annualised revenue has grown more than 10 times over since its Series B round closed in June 2025, with 96-times greater year-on-year sales growth in the first quarter of 2026. Its models are deployed across drones, cameras, satellites, vehicles and telecoms infrastructure, with customers including Allianz, Bosch, Iberdrola, PwC and Telefónica.
The new funds will go toward expanding the company’s model library, continued research and development, investment in sovereign AI infrastructure, and building out a regional presence in east and south-east Asia, the Middle East, Canada and the US.
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