The company was co-founded by CTO Román Orús, known for his work on tensor networks, and CEO Enrique Lizaso Olmos, who has a background in banking. The Series B round was led by Bullhound Capital, with participation from investors like HP Tech Ventures and Toshiba. Multiverse has 160 patents and 100 customers worldwide, including Iberdrola and the Bank of Canada. With this latest funding, the company has raised approximately $250 million to date.
Key takeaways:
- Multiverse Computing raised €189 million in a Series B round for its quantum-computing inspired compression technology, CompactifAI, which reduces LLM sizes by up to 95% without affecting performance.
- The company's "slim" models are 4x to 12x faster and offer a 50% to 80% reduction in inference costs, with availability on AWS or for on-premise usage.
- Multiverse's technology allows models to be run on various devices, including PCs, phones, cars, drones, and Raspberry PI, due to their small size and energy efficiency.
- The Series B funding was led by Bullhound Capital, with participation from several other investors, and Multiverse has raised about $250M to date, holding 160 patents and 100 global customers.