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# Multiverse Computing targets a $570m Series C at a $1.7bn valuation to cut AI costs

**[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments

## Summary

Multiverse Computing, a Spanish deeptech startup, is raising up to $570m in a Series C round at a reported $1.7bn valuation. The company's core product, CompactifAI, uses tensor network mathematics borrowed from quantum physics to compress large language models by up to 95% with minimal accuracy loss. The pitch targets the growing inference cost problem — selling slimmed-down versions of open models like Meta's Llama that run on cheaper hardware or on-premises. The round is co-led by Forgepoint Capital International, BNPP Solar Impulse Venture Fund, and Bullhound Capital. Multiverse claims a tenfold rise in annualised revenue since its last round and 96x year-on-year first-quarter sales growth, though these figures are self-reported. The company positions itself within a broader European bet that AI's next value lies in efficiency and edge deployment rather than frontier model scaling.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/multiverse-computing-570m-series-c-1-7bn-valuation>

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