Euan Blair's AI and tech upskilling platform, Multiverse, has secured a significant funding round of $70 million, achieving a valuation of $2.1 billion. This latest investment, led by Schroders Capital, signifies a substantial step up from its previous Series D round in 2022. The company has experienced impressive growth, with revenue increasing by 50% year-on-year for the third consecutive year, and has even achieved its first cash-positive quarter. This funding is earmarked to fuel Multiverse's ambitious expansion across Europe, solidifying its position as a key player in the AI adoption landscape.
Multiverse is strategically positioning itself not just as a product provider, but as Europe's go-to AI adoption platform. Their core mission is to bridge the gap between businesses acquiring AI tools and the workforce that needs to effectively utilise them. Chief Executive Euan Blair highlights that the critical missing piece in the AI ecosystem isn't another model or agent, but rather a skilled workforce capable of operating these advanced technologies. This philosophy is underscored by their recent acquisition of StackFuel, a German AI training provider, demonstrating their commitment to building this essential human capital.
The company's value proposition resonates strongly with current market trends, addressing a prevalent concern among businesses: while AI investment is surging, the returns are often inconsistent. Multiverse's data indicates that organisations investing heavily in workforce upskilling see significantly better AI adoption outcomes. Customer testimonials and case studies, including clients like the AA and Babcock, point to substantial verified ROI delivered by Multiverse's solutions. With AI coaching platform Atlas seeing a tripling of daily active users and strategic partnerships with tech giants like Microsoft and Palantir, Multiverse is well-equipped to capitalise on the growing demand for AI-driven workforce transformation.
Fuente Original: https://thenextweb.com/news/ultiverse-70-million-schroders-ai-adoption-europe
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