Multiverse Computing Seeks €500 Million Funding to Achieve €1.5 Billion Valuation
Multiverse Computing SL, a Spanish AI software company, aims to raise €500 million, potentially valuing the firm at over €1.5 billion. The company reached €100 million in annual recurring revenue in January. The funding round is expected to complete in the first half of the year and will introduce new investors. Multiverse, founded in 2019, focuses on efficient AI models and quantum computing, partnering with major quantum hardware manufacturers.
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Multiverse Computing SL, based in San Sebastian, Spain, is negotiating to raise €500 million, which would value the AI firm at more than €1.5 billion. The financing round is anticipated to close in the first half of the year and will attract new backers.
The company reported €100 million in annual recurring revenue as of January. Founded in 2019, Multiverse aims to make AI deployment more efficient and is leveraging interest in quantum computing. Existing investors include HP Tech Ventures, Forgepoint Capital, CDP Venture Capital, and SETT.
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