Spain’s Multiverse raises $217 million for compressing AI models

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Here’s the information extracted from the article about Multiverse Computing:

Startup Information

  • Startup Name: Multiverse Computing
  • Founders: Enrique Lizaso Olmos (CEO)

Funding Details

  • Total Amount Raised: 189 million euros ($217 million)
  • Funding Round: Not explicitly stated, but indicated as a significant round given the amount.

Investors

  1. Bullhound Capital
  2. HP Inc
  3. Forgepoint Capital
  4. Toshiba

Date of Fundraising

  • Date: Thursday (specific date not provided in the text)

Additional Information

  • Technology Focus: Compression technology for AI language models (LLMs), capable of reducing sizes by up to 95% without performance loss and cutting costs by up to 80%.
  • Key Products: Compressed versions of popular LLMs such as Meta’s Llama, China’s DeepSeek, and France’s Mistral.

Market Position

  • Multiverse Computing is described as the largest Spanish AI startup, alongside notable European AI firms like Mistral, Aleph Alpha, Synthesia, Poolside, and Owkin.

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2025-06-12 09:14:00