Spanish deeptech firm Multiverse Computing is making a bold move in the AI landscape, aiming to raise $570 million in a Series C funding round. This ambitious target places the company's valuation at a significant $1.7 billion, a substantial leap from its previous valuation, signaling strong investor confidence in their innovative approach. The core of Multiverse's pitch lies in its groundbreaking technology, CompactifAI. This proprietary tool is designed to dramatically compress large language models, claiming reductions of up to 95% with minimal impact on accuracy. By leveraging principles from quantum physics, specifically tensor networks, the technology effectively strips away redundancy within AI models. This results in a tangible reduction in memory usage, computational cost, and the energy consumed by each query, addressing a critical bottleneck in the current AI boom.
The company is strategically positioning itself by offering these compressed, more efficient AI models. These slimmed-down versions of popular open-source models, such as Meta's Llama, are packaged to run on more affordable hardware or even on-premises, providing an attractive alternative to relying solely on hyperscale cloud providers. This 'edge-to-cloud' strategy is particularly pertinent as the cost of running AI models – known as inference – is rapidly eclipsing the initial training expenses for many users. Multiverse's value proposition is clear: delivering comparable AI outputs at a fraction of the cost and resource expenditure.
Beyond AI, Multiverse has demonstrated the versatility of its core technology. Originating from quantum software development, the company has applied its compression methods to diverse problems, including the development of a flood prediction system. The u nderlying principle remains consistent: achieving more with less, whether applied to neural networks or environmental challenges. The current funding round is co-led by prominent investors including Forgepoint Capital International, the BNPP Solar Impulse Venture Fund, and Bullhound Capital. Should the round close at its upper target, Multiverse's total funding will approach $800 million. The company, founded in 2019 by CEO Enrique Lizaso and Chief Scientific Officer Román Orús, is part of a broader European push into quantum technologies, which has received considerable public investment. Multiverse boasts an impressive client roster, including major corporations like Iberdrola, Bosch, Telefónica, Allianz, and PwC, and reports substantial revenue growth, further bolstering its appeal to investors betting on a future of more accessible and cost-effective AI.
Fuente Original: https://thenextweb.com/news/multiverse-computing-570m-series-c-1-7bn-valuation
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