Home Spanish AI Firm Multiverse Computing Raises €500M At €1.5B Valuation

Spanish AI Firm Multiverse Computing Raises €500M At €1.5B Valuation

Share
Spanish AI Firm Multiverse Computing Raises €500M At €1.5B Valuation
News
Share

Multiverse Computing, the global leader in efficient AI, announced a $570 million worth €500M Series C funding round at a $1.7 billion amounting to €1.5B pre-money valuation, a 5x step-up from its Series B.

The round is co-led by Forgepoint Capital International, BNPP SIVF, and Bullhound Capital, with additional commitments to date from investors including Santander Alternative Investments, Tikehau Capital, HP Inc., Orange Ventures, Scania Invest, NAventures  and Qatar Development Bank among others.

The round, advised by JP Morgan and Santander CIB, is expected to bring total funding to $800 million, inclusive of prior rounds, and may remain open to select additional strategic investors.

Multiverse Computing is also applying an end-to-end software layer for next-generation AI factories and data centers that brings model compression, GPU orchestration, AI services, and sovereign-grade controls into a unified platform.

For enterprises, this means that rather than having to route every workload through a hyperscaler and replacing existing infrastructure, Multiverse adds an efficiency layer above it that enables them to match each workload with the right model and backend, also saving hundreds of millions in the process.

Source: multiversecomputing.com

 

 

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

Share
Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

Leave a comment

Leave a Reply

Latest News

Researcher Predicts XRP & XLM Could Dominate Institutional Cross-border Payments
News

Crypto Exploits Continue As Garden Finance, Triple-A & WEMIX Report Security Incidents

Garden Finance temporarily suspended its app when an attacker hacked an independent solver’s off-chain database, leading to a reported $450,000 USDT exploit....

Researcher Predicts XRP & XLM Could Dominate Institutional Cross-border Payments
News

Researcher Predicts XRP & XLM Could Dominate Institutional Cross-border Payments

A pseudonymous crypto market researcher, SMQKE, has suggested that the XRP and XLM tokens represent complementary blockchain-based payment ecosystems in development to...

Decentralized Cloud Storage Firm Storj Labs Files For Chapter 11 Bankruptcy
News

Decentralized Cloud Storage Firm Storj Labs Files For Chapter 11 Bankruptcy

Decentralized cloud storage company Storj Labs has voluntarily filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Northern...

Anthropic & OpenAI Prepare For August AI Model Faceoff Between Fable 5.1 & GPT-6
News

Anthropic & OpenAI Prepare For August AI Model Faceoff Between Fable 5.1 & GPT-6

The artificial intelligence race is set to heat up this August, as OpenAI and Anthropic prepare to release their next flagship models,...

Related Articles

Narrative Rotation Playbook: How Traders Spot The Next Hot Sector Early

Crypto does not usually move in a straight line. It moves in...

Bitcoin Mining Pool Poolin Files Chapter 11 As Customer IOU Debt Tops $163M

Poolin has filed for Chapter 11 bankruptcy in the United States, with...

5 Best Ways To Monetize Your Idle Crypto Via Liquid Staking

Imagine you have been holding Ethereum for years. You think its price...

How To Start An AI Faceless YouTube Channel & Get Monetized

Do you want to make money from YouTube, but you don’t make...