Total amount raised
$125.9 Million
Latest funding date
03/01/2025
Location
Multiverse Computing has successfully raised funds over 11 rounds, with the latest being a Series B involving 10 investors, including Bullhound Capital as one of the lead investors. The company is backed by notable investors such as Toshiba Corporation, Gaingels, and Sociedad Española para la Transformación Tecnológica, E.P.E. (SETT).
Keep reading to explore the intricacies of Multiverse Computing's fundraising journey and the investors backing this innovative quantum AI software company.
What Is Multiverse Computing?
Multiverse Computing, founded in 2019, is a quantum software company based in Donostia-san Sebastián, Pais Vasco, Spain. The company specializes in leveraging quantum technology to revolutionize AI and optimization solutions.
With a workforce of 101-250 employees, Multiverse Computing serves various industries, including finance, energy, manufacturing, health & life sciences, and aerospace. Their flagship products, CompactifAI and Singularity, aim to make AI systems more efficient and cost-effective.
How Much Funding Has Multiverse Computing Raised?
- Pre-Seed Round
- Amount Raised: EUR 1,500,000
- Date: June 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Seed Round
- Amount Raised: EUR 10,000,000
- Date: October 2021
- Lead Investors: JME Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series Unknown
- Amount Raised: EUR 10,000,000
- Date: December 2021
- Lead Investors: European Innovation Council
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop quantum computing solutions and expand market reach.
- Grant
- Amount Raised: EUR 2,500,000
- Date: December 2021
- Lead Investors: European Innovation Council
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support research and development in quantum computing.
- Grant
- Amount Raised: GBP 100,056
- Date: October 2023
- Lead Investors: Innovate UK
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund specific research projects in quantum computing.
- Series A Round
- Amount Raised: EUR 25,000,000
- Date: March 2024
- Lead Investors: Columbus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series A Round
- Amount Raised: Not publicly disclosed
- Date: December 2024
- Lead Investors: CDP Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and enter new markets.
- Undisclosed Round
- Amount Raised: EUR 67,000,000
- Date: March 2025
- Lead Investors: SETT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To position Spain as a leader in energy-efficient AI technology.
- Series B Round
- Amount Raised: EUR 189,000,000
- Date: June 2025
- Lead Investors: Bullhound Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand and solidify the company's market position.
Total Amount Raised: EUR 305,100,056
Current Valuation: Not publicly disclosed
Key Investors
- Bullhound Capital
- Details: Bullhound Capital is a venture capital firm known for investing in technology and innovation. They have a strong presence in the tech industry and are recognized for their strategic investments.
- Investment Focus Areas: Technology, innovation, software.
- Notable Investments: Not publicly disclosed.
- SETT (Spanish Society for Technological Transformation)
- Details: SETT is an initiative by the Spanish government aimed at driving technological transformation in the country. They focus on supporting innovative companies and projects.
- Investment Focus Areas: Technological transformation, AI, quantum computing, energy-efficient technologies.
- Notable Investments: Not publicly disclosed.
- CDP Venture Capital
- Details: CDP Venture Capital is an investment firm that supports startups and innovative companies. They aim to foster growth and development in various sectors.
- Investment Focus Areas: Technology, startups, innovation.
- Notable Investments: Not publicly disclosed.
- Columbus Venture Partners
- Details: Columbus Venture Partners is a venture capital firm that invests in high-potential companies. They focus on providing strategic support and funding to drive growth.
- Investment Focus Areas: Technology, healthcare, innovation.
- Notable Investments: Not publicly disclosed.
- Innovate UK
- Details: Innovate UK is the United Kingdom's innovation agency. They support business-led innovation in all sectors, helping companies to grow and scale.
- Investment Focus Areas: Innovation, technology, research and development.
- Notable Investments: Not publicly disclosed.
What's Next for Multiverse Computing?
Multiverse Computing stands at the cusp of significant growth, buoyed by a €67 million co-investment from the Spanish government. This funding, along with future grants totaling over €200 million, positions the company to lead in AI model compression, making AI more efficient and accessible across various sectors.
With substantial financial backing, Multiverse Computing is poised for further fundraising opportunities. New grants from ERDF funds and specific allocations for AI integration in the health sector highlight the potential for continued investment. These funds will enable the company to expand its product offerings and market reach.
However, challenges remain. Ensuring the scalability and adoption of their AI compression tools across different industries will be crucial. Additionally, maintaining performance while reducing AI model sizes presents a technical hurdle. Navigating the competitive landscape of AI and quantum computing will require strategic planning and innovation.
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