Spanish AI firm Multiverse Computing closes EUR 500m Series C, becomes unicorn at EUR 1.5 billion pre-money

Multiverse Computing announced in 2026 the completion of a EUR 500 million Series C financing round at a pre-money valuation of EUR 1.5 billion, making the company a unicorn. The round was co-led by Forgepoint Capital International, BNPP SIVF and Bullhound Capital, with participation from Santander Alternative Investments, Tikehau Capital, HP Inc. , Orange Ventures, Scania Invest, NAventures (the corporate venture arm of National Bank of Canada), Qatar Development Bank, Zouk Capital, SETT, the EIC Fund, the Basque government's Hazten Scale-Up Fund, and Kutxa Fundazioa. Total funding raised by the company has reached EUR 701.3 million. Founded in 2019 and headquartered in San Sebastian, Spain, Multiverse Computing focuses on developing sovereign AI and efficient AI solutions. Its core technology, CompactifAI, uses tensor networks to compress AI models, reducing the size of large language models by 80% to 95% with minimal accuracy loss. The compressed models run faster and consume less energy, enabling deployment in environments such as smartphones, sovereign data centers, and factory floors without cloud connectivity. The company's platform spans cloud, on-premises, and edge devices, using the CompactifAI router to decide in real time whether workloads run locally or in the cloud. Multiverse is also developing an end-to-end software layer for next-generation AI factories and data centers, integrating model compression, GPU orchestration, AI services, and sovereign control into a single platform. Since completing a EUR 189 million Series B in June 2025, the company's annualized revenue has grown more than tenfold, and sales in the first quarter of 2026 surged 96 times year-on-year. Its models have been deployed in millions of devices including drones, cameras, satellites, vehicles, and telecommunications infrastructure, and are planned for integration into AI PCs. Customers include Allianz, the Bank of Canada, Bosch, Iberdrola, Indra, PwC, and Telefonica, covering manufacturing, finance, energy, aerospace, cybersecurity, defense, and health sciences. The proceeds from this round will be used to expand the global library of efficient models, continue proprietary algorithm R&D, invest in sovereign AI superfactory infrastructure and software stacks, and to establish a stronger regional presence in key markets including East Asia, Southeast Asia, the Middle East, Canada, and the United States.