Multiverse Computing raised $570m in a Series C round that values the San Sebastian-based AI compression startup at $1.7bn, a 5x step-up from its Series B.

Forgepoint Capital International, BNP Paribas’ Solar Impulse Venture Fund and Bullhound Capital co-led the round.

The company focuses on cutting the cost of running AI systems.

Sources

  • Silicon Republic: funding round amount, valuation, lead investors, and 5x valuation step-up from Series B
  • Bloomberg: Series C amount, valuation, lead investors, and market context on AI cost reduction

Reporting compiled and contextualised by TechScoop Ireland. Figures reconciled across the sources above.

Originally reported by Silicon Republic.