Quantum computing startup Multiverse bags $570M at $2.3B valuation: The story behind its 96x growth in 4 years — TFN

Multiverse Computing has closed a $570 million Series C round, boosting its valuation to $2.3 billion. This is five times higher than its Series B valuation.

Forgepoint, BNP Paribas Solar Impulse Venture Fund, and Bullhound led the round. Qatar Development Bank and HP also took part.

Revenue increased 96 times year-over-year in the first quarter of 2026. The company has now raised $800 million across two rounds.

Multiverse Computing completed a $570 million Series C round at a $2.3 billion post-money valuation, which is five times its Series B valuation.

Forgepoint Capital International, BNP Paribas Solar Impulse Venture Fund, and Bullhound Capital co-led the round, with participation from Santander Alternative Investments, Tikehau Capital, HP Inc., Orange Ventures, Scania Invest, NAventures, Qatar Development Bank, Zouk Capital, SETT, the EIC Fund, the Basque Government’s Hazten Scale-Up Fund, and Kutxa Fundazioa.