Spaniard Multiverse computing The company provided $ 215 million in the financing of the B series, said Crunchbase News.
From financing $ 215 million $ 170 million took the form of own capital and $ 45 million “subsidies and partnerships” in accordance with Enrique Lizaso OlmosFounder and general director of Multiverse Computing.
He refused to disclose the valuation, but the sources claim that Multiverse from San Sebastian is now valued at over $ 500 million, which can be a “5-fold stroke” from a valuation value $ 108 million after the series A series A in March 2024. In total, he collected about $ 250 million from the moment of establishment of 2019.
Bullhound capital conducted financing of the B series, which included participation HP Tech VenturesIN Forgepoint Capital InternationalIN CDP Venture Capital AND Toshibaamong others.
The multiplication calculation was initially founded to develop quantum computing solutions for complex, real problems in finance, energy and production. In 2023, he discovered that his quantum knowledge might be applied to the artificial intelligence sector. So the company developed Compactifai, a reserved AI compressor.
“Currently, costs and performance are seen as compromises in artificial intelligence. Larger models are stronger, but more expensive in launching; smaller models are cheaper, but the results are less precise,” said Olmos. “Compactifai refutes this dilemma, because it is able to reduce a large language model without prejudice to performance-which is more energy-saving, inexpensive and profitable for edge devices such as smartphones and drones.”
In addition, he claims that Compactifai can reduce the model by up to 95% with only 2% -3% loss of accuracy. Multiverse introduced technology for initial customers in 2024. His goal is that widespread adoption will help to deal with “huge costs” prohibiting the introduction of large language models.
Olmos refused to disclose data on revenues, dividing only that the company “doubled” its revenues every 12 months. Currently, Multiverse has about 160 employees.
Computing Multiverse currently serves over 100 customers around the world, including IberdrolaIN Bosch and Bank of Canada. Currently, his fundamental generator of revenues is fees, but he has recently announced a latest one cooperation With AWS To organize the API interface, which, as Olmos said, will add a token revenue line.
“Huge” possibilities
Per RomanCo -founder and managing partner of Bullhound Capital told Crunchbase News that Compactifai opens “huge” possibilities.
“Some of their work brought the best compressed models on the edge, and through partnership with a number of companies they will charge the distribution of local LLM into many devices: from cars and laptops, IoT and satellites,” he said.
Roman also believes that multiwerse adhesion with the hypersonar is also significant.
“Reducing the costs of propellers, lower delay and reduced energy consumption that offer their compressed models are part of these cloud suppliers to the market strategy,” he said. “The reduced cost for the token will help increase the overall computing use, while making it easier to make less and more and potentially implementing in a sovereign or private cloud.”
Last 12 months, he set a latest high level of Venture invested in quantum – the level of calculations is much faster and higher than traditional computers that may perform many complex calculations at the same time.
In 2024, quantum startups supported by the Venture capital collected $ 1.9 billion in 62 rounds, According to Crunchbase data. The dollar is a 138% jump from 789 million dollars collected in 67 rounds in 2023.