Spanish AI company Multiverse Computing announced on Thursday that it has raised €189 million ($217 million) in funding from investors including Bullhound Capital, HP Inc., Forgepoint Capital, and Toshiba to advance its AI model compression technology.
The firm claims its innovation can shrink large language models (LLMs) by up to 95% without compromising performance while also cutting operational costs by as much as 80%.
Moreover, its approach blends concepts from quantum physics and machine learning to effectively simulate quantum systems—without requiring an actual quantum computer.
With this latest funding round, Multiverse has emerged as the largest AI startup in Spain. As a result, it now stands alongside Europe’s leading AI companies such as Mistral, Aleph Alpha, Synthesia, Poolside, and Owkin.
The company has already released compressed versions of LLMs, including Meta’s Llama, China’s DeepSeek, and France’s Mistral, and plans to launch additional models soon.
“We are focused just on compressing the most used open-source LLMs, the ones that the companies are already using,” Chief Executive Officer Enrique Lizaso Olmos said.
Per Roman, co-founder & managing partner, Bullhound Capital, said, “Multiverse’s CompactifAI introduces material changes to AI processing that address the global need for greater efficiency in AI, and their ingenuity is accelerating European sovereignty. Román Orús has convinced us that he and his team of engineers are developing truly world-class solutions in this highly complex and compute-intensive field. Enrique Lizaso is the perfect CEO for rapidly expanding the business in a global race for AI dominance.”
The compression tool developed by Multiverse is also accessible via the Amazon Web Services (AWS) AI Marketplace, making it easier for developers and enterprises to integrate the technology into their workflows.
Damien Henault, Managing Director, Forgepoint Capital International, added, “The Multiverse team has solved a deeply complex problem with sweeping implications. The company is well-positioned to be a foundational layer of the AI infrastructure stack. Multiverse represents a quantum leap for the global deployment and application of AI models, enabling smarter, cheaper, and greener AI. This is only just the beginning of a massive market opportunity.”
Multiverse Computing, backed by substantial funding and armed with groundbreaking compression technology, is actively working to make large language models more efficient and accessible. Its presence on the AWS Marketplace further amplifies its reach and impact. Its rise marks a significant milestone for Spain’s AI ecosystem and strengthens Europe’s position in the global AI innovation landscape.
