Multiverse Computing, a Spanish artificial intelligence company, is pursuing a €500 million Series C funding round that would value the organization at €2 billion and push its total capital raised above €700 million.
The funding round is co-led by Forgepoint Capital, Bullhound Capital, and Solar Impulse Venture Fund, the venture arm of banking group BNP Paribas. The investor syndicate reflects the company’s growing international appeal, drawing backing from the European Innovation Council (EIC) Fund, SETT, Qatar Development Bank, NAVentures (the venture capital arm of Canada’s National Bank of Canada), Santander Alternative Investments, HP Inc, and Orange Ventures.
Headquartered in Donostia, in Spain’s Basque Country, Multiverse Computing operates in the competitive deeptech and AI/machine learning sector. The company has developed a focus on model compression technology—techniques that reduce the computational demands of large artificial intelligence systems without sacrificing performance.
Challenging Infrastructure Assumptions
The funding announcement comes as debate continues within the AI industry about the relationship between model capability and computational requirements. According to Enrique Lizaso, co-founder and CEO of Multiverse Computing, the sector has operated under a problematic assumption. “The AI industry has accepted a false constraint for years — that powerful models require expensive infrastructure,” Lizaso stated.
This positioning suggests the company views its technology as addressing a genuine inefficiency in how organizations deploy advanced AI capabilities, potentially lowering barriers to adoption for enterprises without massive computing budgets.
Strategic Deployment of Capital
Multiverse Computing intends to allocate the Series C proceeds across several key initiatives. The company plans to expand its library of compressed AI models, accelerate research and development activities, and increase investment in AI infrastructure capabilities. A significant portion of the funding will support geographical expansion, with particular focus on Asia, the Middle East, and North America—regions identified as growth priorities.
The geographic diversification of investors suggests backing for this international strategy. The involvement of NAVentures reflects North American interest, while the Qatar Development Bank indicates appetite from Middle Eastern capital markets. European backers including BNP Paribas and Santander underscore continued support from the company’s home continent.
European Deeptech Landscape
Multiverse Computing’s trajectory reflects a broader pattern within the European startup ecosystem, where deeptech companies pursuing capital-intensive missions have increasingly attracted substantial funding from institutional investors. The combination of traditional venture firms like Forgepoint Capital alongside strategic investors such as HP Inc and Orange Ventures demonstrates how AI infrastructure companies can appeal to both specialized venture backing and corporate investors seeking technological partnerships.
The company’s pursuit of unicorn status represents a significant milestone for the Spanish innovation sector, particularly in specialized AI applications beyond the generalist large language models that have dominated recent venture funding discussions.