In June 2026, Multiverse Computing, a Spanish AI compression start-up based in San Sebastián, announced a significant funding achievement, raising $570 million in a Series C funding round. This funding round, which values the company at $1.7 billion, was co-led by Forgepoint Capital International, BNPP SIVF, and Bullhound Capital, marking a substantial increase from its previous Series B funding. The new capital is intended to support the company's expansion into sovereign AI infrastructure and new regional markets, including East Asia, Southeast Asia, the Middle East, Canada, and the United States.
The funding round is expected to bring Multiverse's total funding to $800 million and may remain open for additional strategic investors. The company has developed a unique compression technology called CompactifAI, which utilizes tensor networks from quantum physics to significantly reduce the size of large language models. This technology allows AI applications to run on devices without requiring cloud connectivity, making it accessible for various industries, including drones, cameras, satellites, and vehicles.
Multiverse Computing's revenue has seen remarkable growth, increasing more than tenfold since its Series B funding closed in June 2025. The company reported a 96% year-on-year sales growth in the first quarter of 2026, indicating strong market demand for its innovative solutions. Notable clients include Allianz, Bosch, Iberdrola, PwC, and Telefónica, showcasing the company's ability to attract significant partnerships across various sectors.
The CEO of Multiverse Computing, Enrique Lizaso, emphasized that the AI industry has long operated under the misconception that powerful models necessitate expensive infrastructure. With the advancements brought by CompactifAI, this constraint is no longer valid, allowing for a broader deployment of AI technologies. The company aims to continue its research and development efforts, expand its model library, and enhance its presence in emerging markets, positioning itself as a critical player in the evolving AI landscape.