Multiverse Secures $215M to Boost Rollout of Compressed AI Models
Spanish quantum software company Multiverse reaches over $500M valuation after Series B funding round, supporting wider adoption of large language models.
Multiverse, a quantum software company based in Spain, has raised $215 million in Series B funding to accelerate the use of its AI compression technology. This latest round pushes the company’s valuation to over $500 million—a fivefold increase since its last raise in March 2024.
Of the total funding, $170 million came from equity investments, while $45 million came through grants and partnerships, according to CEO Enrique Lizaso Olmos.
The round was led by Bullhound Capital, with participation from major investors including HP Tech Ventures, Forgepoint Capital International, CDP Venture Capital, and Toshiba. Multiverse has now raised about $250 million since it was founded in 2019.
From Quantum to AI Innovation
Originally focused on solving complex problems in finance, energy, and manufacturing with quantum computing, Multiverse expanded into artificial intelligence in 2023. It developed CompactifAI, a proprietary tool designed to compress large language models (LLMs) without sacrificing accuracy.
“Large AI models are powerful but expensive. CompactifAI changes that,” said Olmos. “It reduces model size by up to 95% while keeping accuracy losses minimal—around 2% to 3%.”
This breakthrough makes it possible to run AI models more efficiently on smaller devices like smartphones, drones, and other edge technologies. Multiverse began rolling out CompactifAI to early customers in 2024 and expects wider use to help lower the high costs currently limiting LLM deployment.
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Strong Growth and Global Reach
While specific revenue numbers were not disclosed, Olmos confirmed that Multiverse has been doubling its revenue annually. The company now has around 160 employees and serves more than 100 customers worldwide, including major names like Iberdrola, Bosch, and the Bank of Canada.
Multiverse primarily earns revenue through service fees, but it has also partnered with AWS to host its API—creating a new revenue stream tied to token usage.
Backing from Investors
Per Roman, co-founder of Bullhound Capital, sees Multiverse as a key player in the AI space.
“Their technology is bringing powerful, compressed AI models to edge devices like cars, laptops, and satellites,” said Roman. “This will speed up the local adoption of LLMs and cut down on power and latency needs.”
He added that Multiverse’s technology aligns well with cloud providers’ goals. Lower costs, better efficiency, and improved performance could support broader AI integration, even in private and sovereign cloud settings.
Rising Quantum Investment
The company’s success reflects growing investor interest in quantum and AI technologies. In 2024, venture-backed quantum startups raised $1.9 billion globally—up 138% from the previous year.