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Multiverse Computing Valuation, Funding & Investors
Multiverse Computing is valued at $2.3B as of July 2026.
Last Multiverse Computing valuation
$2.3B
Series C · Jul 2026
Last Multiverse Computing funding round
$569M
Series C · Jul 2026
Cumulative funding Multiverse Computing raised
$1B
across 8 funding rounds
Key investors in Multiverse Computing
Quantonation
SETT
European Innovation Council
EASO Ventures
Mondragón Corp.
Bullhound Capital
About Multiverse Computing
Multiverse Computing is a Bilbao, Spain-headquartered developer of quantum software for finance, energy, and manufacturing. Its Singularity platform solves portfolio optimization, risk assessment, and Monte Carlo simulations using hybrid quantum-classical algorithms on IBM and D-Wave hardware. Partnerships with BBVA and Repsol validate applications in derivatives pricing and carbon capture modeling. Founded in 2019, Multiverse raised Series A funding in 2022.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$2.3B (Jul 2026)
Multiverse Computing Valuation
Multiverse Computing is currently valued at $2.3B, based on its Series C in July 2026.
The $569M round was led by BNP Paribas Asset Management, Bullhound Capital and Forgepoint Capital International, with participation from European Innovation Council, Zouk Capital, Gestion De Capital Riesgo Del Pais Vasco, Kutxa Fundazioa, Qatar Development Bank and 4 other investors.
Multiverse Computing's valuation has grown 20x from $115M at its Series A in March 2024 to $2.3B in July 2026, across 3 priced rounds.
Multiverse Computing valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2026 | Series C | $2.3B |
| Jun 2025 | Series B | $500M |
| Mar 2024 | Series A | $115M |
Multiverse Computing Funding History
Multiverse Computing has raised a total of $1B across 8 funding rounds.
Multiverse Computing's first fundraising round was a $2M pre-seed round in June 2020. The most recent completed round was a $569M Series C in July 2026.
Multiverse Computing funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2026 | Series C | BNP Paribas Asset Management (lead); Bullhound Capital (lead); Forgepoint Capital International (lead); European Innovation Council; Zouk Capital; Gestion De Capital Riesgo Del Pais Vasco; Kutxa Fundazioa; Qatar Development Bank; Scania Invest; Tikehau Capital; Santander Alternative Investments; SETT | $569M | $2.3B | Multiverse Computing announced a Series C funding round targeting up to $570 million at a $1.7 billion pre-money valuation, with Forgepoint Capital International, BNPP SIVF, and Bullhound Capital co-leading the round alongside strategic investors including 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. The company said the financing would support expansion of its efficient AI model library, continued R&D on proprietary algorithms, strategic investment in sovereign AI gigafactory infrastructure and supporting software, and regional expansion across East Asia, Southeast Asia, the Middle East, Canada, and the United States. Forgepoint said its initial investment was made the prior year and that Multiverse had increased ARR more than 10x since then, while the company said total funding would reach about $800 million including prior rounds. Multiverse Computing is a San Sebastián, Spain-based AI company focused on making AI more efficient at scale, from edge to cloud, using quantum-inspired compression techniques. The company was founded by Enrique Lizaso and Román Orús and had previously raised $215 million in June 2025. |
| Jun 2026 | Undisclosed stage | SETT (lead) | $125M | - | - |
| Jun 2025 | Series B | Bullhound Capital (lead); Toshiba Corporation; HP Tech Ventures; Santander Climate VC; Forgepoint Capital International; Quantonation; GESTIÓN DE CAPITAL RIESGO DEL PAÍS VASCO; CDP Venture Capital; Gaingels; SETT | $223M | $500M | Multiverse Computing, a San Sebastián-based Spanish startup founded in 2019, develops quantum-inspired AI technologies, notably CompactifAI, which compresses large language models (LLMs) by up to 95% while preserving performance, enabling faster, cheaper, and more energy-efficient AI deployment on cloud, edge devices, cars, laptops, IoT, and satellites. Initially focused on quantum solutions for finance, energy, and manufacturing, the company pivoted in 2023 to apply its expertise to AI model compression, holding over 160 patents and serving clients like Bosch and the Bank of Canada, with 100 customers globally. The Series B round, announced around June 12, 2025, raised $215 million (€189 million), comprising $170 million in equity and $45 million in grants/partnerships, bringing total funding to about $250 million. Bullhound Capital led the round, with participation from HP Tech Ventures, SETT, Forgepoint Capital International, CDP Venture Capital, Santander Climate VC, Quantonation, Toshiba Corporation, and Capital Riesgo de Euskadi – Grupo SPRI (also referred to as GESTIÓN DE CAPITAL RIESGO DEL PAÍS VASCO). Sources indicate a post-money valuation exceeding $500 million, a 5x increase from the $108 million valuation after its March 2024 Series A. Funds will scale CompactifAI adoption, accelerate product development, and deploy compressed AI models globally to tackle rising AI computational costs in the $106 billion AI inference market, positioning Multiverse against competitors like SandboxAQ and Classiq while enhancing European AI sovereignty. CEO Enrique Lizaso Olmos and Bullhound's Per Roman highlighted the technology's transformative efficiency for edge AI and global expansion. |
| Mar 2025 | Undisclosed stage | SETT (lead) | $73M | - | Multiverse Computing is a Spanish quantum software startup based in San Sebastian, developing CompactifAI, a quantum-inspired technology that compresses large language models (LLMs) by up to 95% to reduce inference costs, latency, and energy consumption while maintaining performance. The company targets the $106 billion AI inference market, offering slimmed models deployable on cloud (e.g., AWS), private data centers, or edge devices like laptops and drones, with cost savings of 50-80% per token. In March 2025, at MWC Barcelona, Spain's government via SETT (Sociedad Española para la Transformación Tecnológica) announced a €67 million (~$70 million) co-investment in Multiverse Computing, making the government a shareholder to advance energy-efficient AI. This round, led by SETT, positions Spain as a leader in efficient AI tech and supports R&D in areas like health data security and sustainable energy. This SETT investment precedes Multiverse's larger June 2025 Series B of $215 million (€189 million), led by Bullhound Capital with participation from SETT, HP Tech Ventures, Forgepoint Capital International, CDP Venture Capital, Santander Climate VC, Quantonation, Toshiba, and others. The Series B included $170-180M equity and $35-45M in grants/partnerships/GPUs, reportedly boosting valuation over $500 million (5x from $108M post-Series A in March 2024). Multiverse has raised ~$250M total since 2019, with traction among hyperscalers for cost reductions enabling broader AI adoption. Later, in February 2026, it sought €500M at €1.5B valuation. |
| Mar 2024 | Series A | Columbus Venture Partners (lead); European Innovation Council; Redstone.VC; QAI Ventures; Quantonation; Indipartners | $27M | $115M | Multiverse Computing, a San Sebastian-based quantum software startup founded in 2019, develops quantum and quantum-inspired computing solutions for industries including finance, energy, manufacturing, and increasingly AI, with products like CompactifAI for compressing large language models to reduce inference costs, latency, and power consumption. The company raised an oversubscribed €25 million ($27 million) Series A equity round on approximately March 4-5, 2024, led by Columbus Venture Partners, with participation from Quantonation Ventures, European Innovation Council Fund, Redstone QAI Quantum Fund, and Indi Partners. This funding valued the company at €100 million ($108 million) post-money, tripling its prior valuation, and will support expansion into life sciences, biotechnology, AI applications for LLMs, international growth including a new US office, and scaling existing products. The round reinforces Multiverse's position as a leader in quantum software, with a portfolio of 95 patents, over 40 research publications, and awards such as DigitalEurope's 2024 Future Unicorn and recognition as one of the 100 Most Promising AI Companies. CEO Enrique Lizaso-Olmos noted expectations to double revenues year-over-year; the company serves over 100 global customers including Iberdrola, Bosch, and the Bank of Canada, primarily through fees, with new revenue streams via AWS API partnerships. Post-Series A, Multiverse continued rapid growth, raising a $215 million Series B in 2025 led by Bullhound Capital (valuing it over $500 million, a 5x jump from $108 million), bringing total funding to about $250 million, and expanding to 160 employees across Europe, the US, and Canada while advancing AI compression technology for the $106 billion AI inference market. |
| Dec 2021 | Series A | European Innovation Council (lead) | $11M | - | Multiverse Computing, a Spain-based quantum software startup, received €12.5 million ($14.2 million USD) from the European Innovation Council Accelerator program in December 2021, consisting of €10 million in equity and €2.5 million as a grant. This funding followed a €10 million seed round two months prior and supports commercialization of quantum-powered solutions like Singularity, the first quantum computational tool for financial services. The EIC selected Multiverse through a rigorous assessment for excellence, impact, and risk. The investment recognizes Multiverse Computing's potential in quantum technologies for finance, chemistry, and optimization, positioning it as one of Europe's most well-capitalized quantum startups at the time. CEO Enrique Lizaso highlighted Singularity's high performance and ease of use for financial institutions. Chief Scientific Officer Román Orús emphasized the global market readiness and pride as a Spanish leader in the field. |
| Oct 2021 | Seed | JME Ventures (lead); Mondragón Corp.; Penja Strategy; Lks; Quantonation; EASO Ventures; Ikerlan; Clave Mayor; Inveready; Ezten Venture Capital Fund; Seed Gipuzkoa (SPRI) | $12M | - | Multiverse Computing is a Spain-based quantum computing startup founded in March 2019 that developed Singularity, a platform enabling financial professionals to run quantum algorithms on any quantum computer without requiring quantum expertise, addressing complex problems such as portfolio optimization and fraud detection. The company closed a seed funding round of €10 million (approximately $11.55 million USD) in October 2021, led by JME Ventures with participation from Quantonation, EASO Ventures, Inveready, CLAVE Capital, Ikerlan, LKS, Penja Strategy, Seed Gipuzkoa, and Ezten Venture Capital Fund. The funding was allocated to consolidate the company's growth and globalization strategy, advance its technology and marketing, and expand into new markets including energy, mobility, and smart manufacturing. At the time of the seed round, Multiverse Computing had a fully operational office in Toronto and was beginning expansion into Paris and Munich. The company aimed to achieve annual revenues of close to €100 million by 2027 with a staff of 100 people, and has since grown to serve over 100 customers globally including Iberdrola, Bosch, and the Bank of Canada, with its business model expanding beyond quantum computing into AI model compression through its CompactifAI platform. |
| Jun 2020 | Pre-seed | Mondragón Corp.; Penja Strategy; BIC Gipuzkoa Berrilan; Quantonation; Neotec Capital Riesgo; Creative Destruction Lab (CDL); EASO Ventures; Seed Gipuzkoa (SPRI) | $2M | - | - |
Who has invested in Multiverse Computing?
36 investors have backed Multiverse Computing across its funding rounds, including Quantonation, SETT, European Innovation Council, EASO Ventures, Mondragón Corp. and Bullhound Capital.
Lead investors include BNP Paribas Asset Management, Bullhound Capital, Forgepoint Capital International, SETT, Columbus Venture Partners and 2 other investors.
Multiverse Computing Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Jun 2020 | ||
| 4 | Lead | Mar 2025 | ||
| 3 | Lead | Dec 2021 | ||
| 2 | Participant | Jun 2020 | ||
| -- | 2 | Participant | Jun 2020 | |
| 2 | Lead | Jun 2025 | ||
| 2 | Participant | Jun 2020 | ||
| 2 | Lead | Jun 2025 | ||
| 2 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Jul 2026 | ||
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Start Free TrialMultiverse Computing Competitors
Multiverse Computing competitors include listed companies like IonQ, Affle 3i and Ncino, and private ones like Origin Quantum, General Intuition and Liquid AI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3.5B | - | ||
| Publicly listed | $130M | ($531M) | $16B | 40.3x | ||
| Publicly listed | $282M | $67M | $2.3B | 6.7x | ||
| Publicly listed | $595M | $65M | $2.3B | 4.0x | ||
| Private | - | - | $2.3B | - | ||
| Private | - | - | $2.4B | - |
Multiverse Computing Public Comps
Multiverse Computing is still privately-owned, but its public comps include Affle 3i, Ncino, Haizhi, C3.ai, Wenge AI, TRS Information Technology, PCITECH, Fractal Analytics, Presight AI and MiniMax Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $282M | $67M | 7.4x | 6.7x | 31.3x | 29.5x | |||
| $595M | $65M | 4.3x | 4.0x | 39.0x | 15.8x | |||
| $93M | ($30M) | 21.5x | 16.3x | (67.1x) | (440.4x) | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $60M | ($20M) | 27.6x | - | (82.7x) | - | |||
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $1.5B | $53M | 0.8x | 0.9x | 24.1x | - | |||
| $344M | $50M | 3.7x | 3.4x | 25.8x | 21.0x | |||
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Common questions about Multiverse Computing
| When was Multiverse Computing founded? | Multiverse Computing was founded in 2019. |
| Where is Multiverse Computing headquartered? | Multiverse Computing is headquartered in San Sebastian, Spain. |
| Is Multiverse Computing publicly listed? | No, Multiverse Computing is a private, VC-backed company. |
| What is Multiverse Computing's valuation? | Multiverse Computing was last valued at $2.3B in its Series C in July 2026. |
| How much funding has Multiverse Computing raised? | Multiverse Computing has raised $1B across 8 funding rounds. |
| What was Multiverse Computing's last funding round? | Multiverse Computing's last funding round was a $569M Series C in July 2026, led by BNP Paribas Asset Management, Bullhound Capital and Forgepoint Capital International. |
| Who are Multiverse Computing's investors? | Multiverse Computing's investors include Quantonation, SETT, European Innovation Council, Mondragón Corp., Penja Strategy, Forgepoint Capital International, EASO Ventures, Bullhound Capital, Seed Gipuzkoa (SPRI), Toshiba Corporation and 26 others. |
| Which companies are comparable to Multiverse Computing? | Companies comparable to Multiverse Computing include Origin Quantum, IonQ, Affle 3i, Ncino, General Intuition and Liquid AI. |
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