Multiverse Raising Funds at $1.7 Billion Value to Cut AI Costs

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessMultiverse Raising Funds at $1.7 Billion Value to Cut AI CostsMultiverse Computing SL is raising $570 million in a funding round that is set to boost its valuation to $1.7 billion, as investors flock to companies aiming to make it cheaper to use artificial intelligence.Author of the article:Rodrigo Orihuela and Amy Thomson You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Multiverse Computing SL is raising $570 million in a funding round that is set to boost its valuation to $1.7 billion, as investors flock to companies aiming to make it cheaper to use artificial intelligence.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountForgepoint Capital International, BNPP Solar Impulse Venture Fund and Bullhound Capital are leading the ongoing Series C round, the company said in a statement on Monday. Bloomberg News earlier reported on the fundraise. Multiverse Computing was founded in 2019 and aims to make the rollout of AI cheaper and more efficient for enterprises, shrinking large language models so they consume less energy and computing power. The Spanish government had already said it planned to take part in the round. It’s one of a growing number of startups promising to cut the ongoing expense of using AI models, known as inference costs. Companies such as as model marketplace OpenRouter, developer platform Runpod and inference infrastructure platform Baseten have all raised large rounds this year, according to PitchBook analysis. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againMultiverse’s technology for making the models more efficient, called CompactifAI, uses tensor networks. Tensor networks are a technique often used in quantum computing that selectively simplifies data to make large calculations easier. Its application in artificial intelligence makes models run more quickly and efficiently without sacrificing much accuracy, the company has said. The round is expected to bring the company’s total funding to $800 million. The company had previously raised $215 million in June 2025. Other investors include Banco Santander SA, Orange Ventures, Qatar Development Bank and the Basque government, among others. JPMorgan Chase & Co. and Banco Santander SA were the advisers to Multiverse. This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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