Spanish AI Startup Multiverse Eyes €500M Round at Unicorn Valuation
The LLM efficiency startup has hit €100M ARR and wants €500M more to keep shrinking AI's power bill.
Multiverse Computing is hunting for serious cash. The Spain-based startup is in talks to raise roughly €500 million, which would value the company north of €1.5 billion.
What do they do? They make large language models smaller and cheaper to run. In a world where AI companies are burning through electricity like it's going out of style, Multiverse sells the promise of efficiency.
The numbers back up the hype. The company has already crossed €100 million in annual recurring revenue—a milestone that puts them firmly in scale-up territory rather than scrappy startup land.
If the round closes, Multiverse joins the growing club of European AI unicorns. And with compute costs becoming everyone's favorite headache, shrinking LLMs is suddenly a very lucrative business.