From left: Multiverse Computing co-founders, Román Orús, Enrique Lizaso and Samuel Mugel. Image: Multiverse Computing
The Spanish AI compression start-up’s funding round is co-led by Forgepoint Capital International, BNPP SIVF and Bullhound Capital, and values the company at a 5x step-up from its Series B.
Multiverse Computing, based in San Sebastien, Spain, has announced a $570m (€500m) Series C funding round at a $1.7bn (€1.5bn) pre-money valuation, marking a 5x step-up from its Series B.
The round was co-led by Forgepoint Capital International, BNPP SIVF and Bullhound Capital, with commitments from Santander Alternative Investments, Tikehau Capital, HP Inc, Orange Ventures, Scania Invest, NAventures, Qatar Development Bank, Zouk Capital, SETT, EIC Fund, the Basque Government’s Hazten Scale-Up Fund and Kutxa Fundazioa.
Advised by JP Morgan and Santander CIB, the round is expected to bring Multiverse’s total funding to $800m and may remain open to further strategic investors.
