Spanish deeptech startup Multiverse Computing announced a $570 million Series C funding round co-led by Forgepoint Capital International, BNPP Solar Impulse Venture Fund, and Bullhound Capital, at a $1.7 billion pre-money valuation. The San Sebastián-based firm specializes in CompactifAI, a compression technology that shrinks large language models by up to 95% using tensor networks derived from quantum physics. This allows AI to run efficiently on edge devices such as smartphones and drones without cloud dependency. The company reported that its first-quarter 2026 sales increased 96-fold year-over-year.
Series C funding round
- ▪Multiverse Computing was advised on the Series C transaction by JP Morgan and Santander CIB
- ▪The Series C funding round was co-led by Forgepoint Capital International, BNPP Solar Impulse Venture Fund, and Bullhound Capital
- ▪The Series C funding round values Multiverse Computing at a $1.7 billion (€1.5 billion) pre-money valuation, representing a fivefold increase from its Series B valuation
- ▪The Series C funding round is expected to bring Multiverse Computing's total funding to approximately $800 million across all rounds
- ▪Multiverse Computing announced a $570 million (€500 million) Series C funding round on July 27, 2026
CompactifAI compression technology
- ▪Multiverse Computing's CompactifAI technology uses tensor networks from quantum physics to compress large language models by 80% to 95% with minimal accuracy loss
- ▪The CompactifAI Router decides in real time whether AI workloads should run locally on a device or be sent to the cloud
On-device AI deployment
- ▪Multiverse Computing plans to embed its compressed AI models into AI personal computers
- ▪Multiverse Computing's compressed models are deployed on edge devices including drones, cameras, satellites, vehicles, and telecom infrastructure
Sovereign AI infrastructure
- ▪Multiverse Computing plans to invest a portion of the Series C capital into sovereign AI gigafactory infrastructure
- ▪Multiverse Computing is developing an end-to-end software layer for next-generation AI factories and data centres that integrates model compression, GPU orchestration, and sovereign-grade controls
Revenue growth metrics
- ▪Multiverse Computing claims its annualized revenue has grown more than 10 times since its Series B round closed in June 2025
- ▪Multiverse Computing projects revenue of at least €80 million in 2026, which would be nearly double its 2025 revenue
- ▪Multiverse Computing reported a 96-fold year-over-year sales growth in the first quarter of 2026
Global market expansion
- ▪Multiverse Computing's customer base includes Allianz, Bank of Canada, Bosch, Iberdrola, Indra, PwC, and Telefónica
- ▪Multiverse Computing plans to use the Series C funds to establish a stronger regional presence in East Asia, Southeast Asia, the Middle East, Canada, and the United States
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