Total amount raised
$125.9 Millions
Latest funding date
03/01/2025
Location
Multiverse Computing has successfully raised significant funding over multiple rounds, attracting a diverse group of investors including SETT and CDP Venture Capital. The company specializes in Quantum AI software, offering advanced solutions like CompactifAI and Singularity to address complex challenges in various sectors.
Keep reading to explore the intricacies of Multiverse Computing's fundraising journey and the investors backing this innovative platform.
What Is Multiverse Computing?
Founded in 2019, Multiverse Computing is a quantum software company based in Donostia-San Sebastián, Spain. The company specializes in creating advanced quantum AI software solutions to tackle complex challenges across various industries.
Multiverse Computing offers innovative products like CompactifAI, an AI model compressor, and Singularity, a platform for delivering AI and optimization algorithms. These tools are designed to optimize portfolio management, risk analysis, and market simulation, benefiting sectors such as banking, energy, and manufacturing.
The company was founded by Alfonso Rubio Manzanares, Enrique Lizaso, Mehdi Bozzo-Rey, Román Orús, and Samuel Mugel. Currently, Multiverse Computing employs between 101 and 250 people, driving forward the second quantum revolution.
How Much Funding Has Multiverse Computing Raised?
- Amount Raised: €1.5M
- 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.
- Amount Raised: €10M
- 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.
- Amount Raised: €2.5M
- 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.
- Amount Raised: €10M
- Date: December 2021
- Lead Investors: European Innovation Council
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Amount Raised: Not publicly disclosed
- Date: November 2022
- Lead Investors: EIT Digital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI and quantum computing technologies.
- Amount Raised: £100.1K
- Date: October 2023
- Lead Investors: Innovate UK
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support innovation in quantum computing.
- Amount Raised: €25M
- Date: March 2024
- Lead Investors: Columbus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product capabilities.
- Amount Raised: Not publicly disclosed
- Date: December 2024
- Lead Investors: CDP Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development.
- Amount Raised: €67M
- 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 technologies.
Total Amount Raised: €116.1M
Current Valuation: Not publicly disclosed
Key Investors
- SETT
- Details: SETT is a venture capital firm focused on technological transformation. They have been instrumental in supporting Multiverse Computing's growth.
- Investment Focus Areas: Technology, innovation.
- Notable Investments: Not publicly disclosed.
- CDP Venture Capital
- Details: CDP Venture Capital is a venture capital firm that invests in early-stage startups and innovative companies. They have played a key role in funding Multiverse Computing.
- Investment Focus Areas: Early-stage startups, innovative companies.
- Notable Investments: Not publicly disclosed.
- Columbus Venture Partners
- Details: Columbus Venture Partners is a venture capital firm specializing in life sciences and technology. They have significantly contributed to Multiverse Computing's funding.
- Investment Focus Areas: Life sciences, technology.
- Notable Investments: Not publicly disclosed.
- Innovate UK
- Details: Innovate UK is the UK's innovation agency, supporting science and technology innovations. They have provided grants to Multiverse Computing.
- Investment Focus Areas: Science, technology innovations.
- Notable Investments: Not publicly disclosed.
- EIT Digital
- Details: EIT Digital is a leading European digital innovation and entrepreneurial education organization. They have invested in Multiverse Computing to support digital technology advancements.
- Investment Focus Areas: Digital technology.
- Notable Investments: Not publicly disclosed.
What's Next for Multiverse Computing?
Multiverse Computing stands at the cusp of significant opportunities, bolstered by a €67 million co-investment from the Spanish government. This funding aims to enhance AI model compression, making algorithms more efficient and environmentally friendly. Future grants, including a €130 million call from ERDF funds and a €50 million call for the health sector, present substantial growth prospects.
With the increasing focus on AI and quantum computing, Multiverse Computing is well-positioned for further fundraising. The company's innovative technologies and strategic importance may attract additional investments and potential acquisitions. However, challenges such as scalability, competition, and regulatory hurdles remain.
In summary, Multiverse Computing's future looks promising, with ample opportunities for growth and expansion, supported by significant government backing and industry trends favoring AI and quantum computing advancements.
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