Summary:
- Multiverse Computing, a quantum-inspired AI model compression company based in Donostia, Spain, raised $215M in funding.
- The funding round was led by Bullhound Capital and included participation from several prominent investors.
- Multiverse Computing specializes in compressing AI models by up to 95% with minimal precision loss, enabling new use cases for AI across industries.
Article:
Multiverse Computing, a cutting-edge company based in Donostia, Spain, recently secured a significant funding round of $215M. This funding, led by Bullhound Capital and joined by investors such as HP Tech Ventures, SETT, and Santander Climate VC, will be instrumental in accelerating the adoption of their quantum-inspired AI model compression technology.
Led by CEO Enrique Lizaso Olmos, Multiverse Computing is at the forefront of innovation in the field of AI model compression. Their proprietary technology, CompactifAI, is capable of compressing large language models (LLMs) by up to 95% while maintaining an impressive level of precision. This breakthrough allows for reduced computing requirements and opens up new possibilities for AI applications in various industries.
With an extensive portfolio of over 160 patents and a global customer base that includes major players like Iberdrola, Bosch, and the Bank of Canada, Multiverse Computing has established itself as a leader in the field. The company’s success has enabled them to raise approximately $250M to date, fueling their expansion across Europe, the US, and Canada.
In conclusion, Multiverse Computing’s innovative approach to AI model compression is poised to revolutionize the industry and unlock new opportunities for AI applications worldwide. Their recent funding round is a testament to the potential of their technology, and it will undoubtedly propel them to even greater heights in the future.
