Multiverse Computing Bags Series C

Multiverse Computing has bagged 500m EUR in its Series C capital raise, seven years after its 2019 founding. This is a 2bn EUR valuation - making it Europe's newest unicorn!

The company specialises in AI model compression, using quantum computing-derived techniques to implement LLMs with reduced cost and energy consumption.

The funding round was led by Forgepoint Capital ("Backing Founders of the Digital Future"), BNPP SIVF and Bullhound Capital.