Spanish AI Startup Multiverse Computing Raises $570M, Hits $1.7B Valuation With Tech That Shrinks AI Models By 95%

Spanish AI startup Multiverse Computing raises $570M at a $1.7B valuation, unveiling quantum-inspired technology that shrinks AI models by up to 95%, potentially enabling powerful AI to run directly on smartphones without cloud infrastructure.

• Multiverse Computing, a Spanish AI startup, raises $570m in a Series C round at a $1.7bn valuation, bringing its total funding to $800m.
• Its quantum-inspired compression technology, CompactifAI, uses tensor networks to shrink large language models by up to 95% with minimal accuracy loss, enabling AI to run on devices like smartphones without cloud infrastructure.
• The funds will be used to expand its library of pre-compressed AI models, invest in sovereign AI infrastructure, and grow its presence in East Asia, Southeast Asia, the Middle East, Canada and the US.