Latest news with #BullhoundCapital
Yahoo
2 days ago
- Business
- Yahoo
Multiverse raises $215m to advance CompactifAI technology
Spanish quantum software startup Multiverse Computing has raised €189m ($215m) in a Series B funding round to advance its CompactifAI technology. CompactifAI, developed throughout 2024 and now rolled out to initial customers, can reduce the size of Large Language Models (LLMs) by up to 95% while preserving performance. The investment round was led by Bullhound Capital with participation from investors including HP Tech Ventures, SETT, Forgepoint Capital International, CDP Venture Capital and Santander Climate VC, as well as Quantonation, Toshiba, and Capital Riesgo de Euskadi - Grupo SPRI. Multiverse said it plans to leverage the funding to support broader adoption of CompactifAI, targeting the $106bn AI inference market. This technology is claimed to address the high costs of running LLMs, which typically require specialised cloud-based infrastructure. Multiverse Computing founder and CEO Enrique Lizaso Olmos said: 'With a unique syndicate of expert and strategic global investors on board and Bullhound Capital as lead investor, we can now further advance our laser-focused delivery of compressed AI models that offer outstanding performance with minimal infrastructure.' Unlike traditional compression methods such as quantisation and pruning, which often degrade model performance, CompactifAI maintains original accuracy, achieves 4x-12x faster processing, and cuts inference costs by 50%-80%, according to the company. CompactifAI enables compressed models to operate on cloud platforms, private data centres, or devices including PCs, phones, cars, drones, and Raspberry Pi. Compressed versions of Llama, DeepSeek, and Mistral models are available now, with more models expected soon. The technology leverages Tensor Networks, a quantum-inspired approach to neural network simplification, pioneered by Roman Orus, Multiverse's co-founder and chief scientific officer. Orus said: 'For the first time in history, we are able to profile the inner workings of a neural network to eliminate billions of spurious correlations to truly optimise all sorts of AI models.' At the end of 2024, Multiverse Computing received an investment from CDP Venture Capital, an Italian venture capital investor, as part of its Series A funding round. The investment was made through two compartments of the Corporate Partners I fund, ServiceTech and Energytech, which includes participation from major Italian corporations such as Baker Hughes, BNL BNP Paribas, Edison, GPI, Italgas, Snam, and Terna Forward. "Multiverse raises $215m to advance CompactifAI technology" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Spain's Multiverse raises $217 million for compressing AI models
PARIS (Reuters) -Spanish AI firm Multiverse Computing said on Thursday it has raised 189 million euros ($217 million) from investment firm Bullhound Capital, HP Inc, Forgepoint Capital and Toshiba, to compress AI language models. The company said it has developed a compression technology capable of reducing the size of large language models (LLMs) by up to 95% without hurting performance and reducing costs by up to 80%. It combines ideas from quantum physics and machine learning in ways that mimic quantum systems but doesn't need a quantum computer. The latest funding round makes Multiverse the largest Spanish AI startup, joining the list of top European AI startups such as Mistral, Aleph Alpha, Synthesia, Poolside and Owkin. Multiverse has launched compressed versions of LLMs such as Meta's Llama, China's DeepSeek and France's Mistral, with additional models coming soon, the company said. "We are focused just on compressing the most used open-source LLMs, the ones that the companies are already using," Chief Executive Officer Enrique Lizaso Olmos said. "When you go to a corporation, most of them are using the Llama family of models." The tool is also available on Amazon Web Services AI marketplace. ($1 = 0.8709 euros) Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
2 days ago
- Business
- Yahoo
Multiverse Computing Raises $215M to Scale Ground-Breaking Technology that Compresses LLMs by up to 95%
Technology breakthrough attracts international investment. Quantum AI leader to turbo charge AI proliferation, reduce power concerns and bring the technology to the edge Multiverse Computing's Founding Team SAN SEBASTIAN, Spain , June 12, 2025 (GLOBE NEWSWIRE) -- Multiverse Computing, the global leader in quantum-inspired AI model compression, has developed CompactifAI, a compression technology capable of reducing the size of LLMs (Large Language Models) by up to 95% while maintaining model performance. Having spent 2024 developing the technology and rolling it out to initial customers, the company today announces a €189 million ($215 million) investment round. The Series B will be led by Bullhound Capital with the support of world-class investors such as HP Tech Ventures, SETT, Forgepoint Capital International, CDP Venture Capital, Santander Climate VC, Quantonation, Toshiba and Capital Riesgo de Euskadi - Grupo SPRI. The company has brought on widespread support for this push with a range of international and strategic investors. The investment will accelerate widespread adoption to address the massive costs prohibiting the roll out of LLMs, revolutionizing the $106 billion AI inference market. LLMs typically run on specialized, cloud-based infrastructure that drives up data center costs. Traditional compression techniques—quantization and pruning—aim to address these challenges, but their resulting models significantly underperform original LLMs. With the development of CompactifAI, Multiverse discovered a new approach. CompactifAI models are highly-compressed versions of leading open source LLMs that retain original accuracy, are 4x-12x faster and yield a 50%-80% reduction in inference costs. These compressed, affordable, energy-efficient models can run on the cloud, on private data centers or—in the case of ultra compressed LLMs—directly on devices such as PCs, phones, cars, drones and even Raspberry Pi. 'The prevailing wisdom is that shrinking LLMs comes at a cost. Multiverse is changing that,' said Enrique Lizaso Olmos, Founder and CEO of Multiverse Computing. 'What started as a breakthrough in model compression quickly proved transformative—unlocking new efficiencies in AI deployment and earning rapid adoption for its ability to radically reduce the hardware requirements for running AI models. With a unique syndicate of expert and strategic global investors on board and Bullhound Capital as lead investor, we can now further advance our laser-focused delivery of compressed AI models that offer outstanding performance with minimal infrastructure.' CompactifAI was created using Tensor Networks, a quantum-inspired approach to simplifying neural networks. Tensor Networks is a specialized field of study pioneered by Román Orús, Co-Founder and Chief Scientific Officer at Multiverse. 'For the first time in history, we are able to profile the inner workings of a neural network to eliminate billions of spurious correlations to truly optimize all sorts of AI models,' said Orús. Compressed versions of top Llama, DeepSeek and Mistral models are available now, with additional models coming soon. Per Roman, Co-founder & Managing Partner, Bullhound Capital, said: 'Multiverse's CompactifAI introduces material changes to AI processing that address the global need for greater efficiency in AI, and their ingenuity is accelerating European sovereignty. Román Orús has convinced us that he and his team of engineers are developing truly world-class solutions in this highly complex and compute intensive field. Enrique Lizaso is the perfect CEO for rapidly expanding the business in a global race for AI dominance. I am also pleased to see that so many high-profile investors such as HP and Forgepoint decided to join the round. We welcome their participation.' Tuan Tran, President of Technology and Innovation, HP Inc., commented: 'At HP, we are dedicated to leading the future of work by providing solutions that drive business growth and enhance professional fulfillment. Our investment in Multiverse Computing supports this ambition. By making AI applications more accessible at the edge, Multiverse's innovative approach has the potential to bring AI benefits of enhanced performance, personalization, privacy and cost efficiency to life for companies of any size.' Damien Henault, Managing Director, Forgepoint Capital International, said: 'The Multiverse team has solved a deeply complex problem with sweeping implications. The company is well-positioned to be a foundational layer of the AI infrastructure stack. Multiverse represents a quantum leap for the global deployment and application of AI models, enabling smarter, cheaper and greener AI. This is only just the beginning of a massive market opportunity.' Multiverse Computing extends its sincere gratitude to its current investors for their continued trust and support, as well as to the European institutions whose backing has been instrumental in achieving this milestone. For more information about Multiverse Computing and CompactifAI, visit About Multiverse Computing Multiverse Computing is the leader in quantum-inspired AI model compression. The company's deep expertise in quantum software and AI led to the development of CompactifAI, a revolutionary AI model compressor. CompactifAI compresses LLMs by up to 95% with only 2-3% precision loss. CompactifAI models reduce computing requirements and unleash new use cases for AI across industries. Multiverse Computing is headquartered in Donostia, Spain, with offices across Europe, the US, and Canada. The company won DigitalEurope's 2024 Future Unicorn award and was recognized by CB Insights as one of the Top 100 Most Promising AI Companies in 2025. With over 160 patents and 100 customers globally, including Iberdrola, Bosch, and the Bank of Canada, Multiverse Computing has raised c.$250M to date. For more information, visit About Bullhound Capital Bullhound Capital is the investment management arm of GP Bullhound, building with founders creating category-leading technology companies. Launched in 2008 with over €1 billion deployed, it has invested in global leaders like Spotify, Klarna, Revolut, Slack, Unity, ConnexAI and EcoVadis. Operating from 13 offices worldwide, its platform delivers hands-on, founder-focused support across strategy, growth, and execution. From quantum to entertainment, Bullhound Capital backs global leaders applying Artificial Intelligence to solve real-world problems. About SETT The Sociedad Española para la Transformación Tecnológica, Entidad Pública Empresarial, SETT, attached to the Ministry for Digital Transformation and Public Function, is a public entity dedicated to the financing and promotion of advanced and transformative digital technologies. The operation is carried out through the Next Tech fund, whose objective is to encourage private investment and improve access to financing in strategic Spanish sectors such as disruptive technologies. The implementation of the Next Tech, foreseen in the Recovery, Transformation and Resilience Plan, is among the functions of SETT, which also manages two other financial instruments to boost the technological business ecosystem: PERTE Chip, dedicated to microelectronics and semiconductors, and Spain Audiovisual Hub, which promotes the digitization of the audiovisual sector. Contact InformationLaunchSquad for Multiverse Computingmultiverse@ A photo accompanying this announcement is available at in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Multiverse Computing Raises $215M to Scale Ground-Breaking Technology that Compresses LLMs by up to 95%
Technology breakthrough attracts international investment. Quantum AI leader to turbo charge AI proliferation, reduce power concerns and bring the technology to the edge Multiverse Computing's Founding Team SAN SEBASTIAN, Spain , June 12, 2025 (GLOBE NEWSWIRE) -- Multiverse Computing, the global leader in quantum-inspired AI model compression, has developed CompactifAI, a compression technology capable of reducing the size of LLMs (Large Language Models) by up to 95% while maintaining model performance. Having spent 2024 developing the technology and rolling it out to initial customers, the company today announces a €189 million ($215 million) investment round. The Series B will be led by Bullhound Capital with the support of world-class investors such as HP Tech Ventures, SETT, Forgepoint Capital International, CDP Venture Capital, Santander Climate VC, Quantonation, Toshiba and Capital Riesgo de Euskadi - Grupo SPRI. The company has brought on widespread support for this push with a range of international and strategic investors. The investment will accelerate widespread adoption to address the massive costs prohibiting the roll out of LLMs, revolutionizing the $106 billion AI inference market. LLMs typically run on specialized, cloud-based infrastructure that drives up data center costs. Traditional compression techniques—quantization and pruning—aim to address these challenges, but their resulting models significantly underperform original LLMs. With the development of CompactifAI, Multiverse discovered a new approach. CompactifAI models are highly-compressed versions of leading open source LLMs that retain original accuracy, are 4x-12x faster and yield a 50%-80% reduction in inference costs. These compressed, affordable, energy-efficient models can run on the cloud, on private data centers or—in the case of ultra compressed LLMs—directly on devices such as PCs, phones, cars, drones and even Raspberry Pi. 'The prevailing wisdom is that shrinking LLMs comes at a cost. Multiverse is changing that,' said Enrique Lizaso Olmos, Founder and CEO of Multiverse Computing. 'What started as a breakthrough in model compression quickly proved transformative—unlocking new efficiencies in AI deployment and earning rapid adoption for its ability to radically reduce the hardware requirements for running AI models. With a unique syndicate of expert and strategic global investors on board and Bullhound Capital as lead investor, we can now further advance our laser-focused delivery of compressed AI models that offer outstanding performance with minimal infrastructure.' CompactifAI was created using Tensor Networks, a quantum-inspired approach to simplifying neural networks. Tensor Networks is a specialized field of study pioneered by Román Orús, Co-Founder and Chief Scientific Officer at Multiverse. 'For the first time in history, we are able to profile the inner workings of a neural network to eliminate billions of spurious correlations to truly optimize all sorts of AI models,' said Orús. Compressed versions of top Llama, DeepSeek and Mistral models are available now, with additional models coming soon. Per Roman, Co-founder & Managing Partner, Bullhound Capital, said: 'Multiverse's CompactifAI introduces material changes to AI processing that address the global need for greater efficiency in AI, and their ingenuity is accelerating European sovereignty. Román Orús has convinced us that he and his team of engineers are developing truly world-class solutions in this highly complex and compute intensive field. Enrique Lizaso is the perfect CEO for rapidly expanding the business in a global race for AI dominance. I am also pleased to see that so many high-profile investors such as HP and Forgepoint decided to join the round. We welcome their participation.' Tuan Tran, President of Technology and Innovation, HP Inc., commented: 'At HP, we are dedicated to leading the future of work by providing solutions that drive business growth and enhance professional fulfillment. Our investment in Multiverse Computing supports this ambition. By making AI applications more accessible at the edge, Multiverse's innovative approach has the potential to bring AI benefits of enhanced performance, personalization, privacy and cost efficiency to life for companies of any size.' Damien Henault, Managing Director, Forgepoint Capital International, said: 'The Multiverse team has solved a deeply complex problem with sweeping implications. The company is well-positioned to be a foundational layer of the AI infrastructure stack. Multiverse represents a quantum leap for the global deployment and application of AI models, enabling smarter, cheaper and greener AI. This is only just the beginning of a massive market opportunity.' Multiverse Computing extends its sincere gratitude to its current investors for their continued trust and support, as well as to the European institutions whose backing has been instrumental in achieving this milestone. For more information about Multiverse Computing and CompactifAI, visit About Multiverse Computing Multiverse Computing is the leader in quantum-inspired AI model compression. The company's deep expertise in quantum software and AI led to the development of CompactifAI, a revolutionary AI model compressor. CompactifAI compresses LLMs by up to 95% with only 2-3% precision loss. CompactifAI models reduce computing requirements and unleash new use cases for AI across industries. Multiverse Computing is headquartered in Donostia, Spain, with offices across Europe, the US, and Canada. The company won DigitalEurope's 2024 Future Unicorn award and was recognized by CB Insights as one of the Top 100 Most Promising AI Companies in 2025. With over 160 patents and 100 customers globally, including Iberdrola, Bosch, and the Bank of Canada, Multiverse Computing has raised c.$250M to date. For more information, visit About Bullhound Capital Bullhound Capital is the investment management arm of GP Bullhound, building with founders creating category-leading technology companies. Launched in 2008 with over €1 billion deployed, it has invested in global leaders like Spotify, Klarna, Revolut, Slack, Unity, ConnexAI and EcoVadis. Operating from 13 offices worldwide, its platform delivers hands-on, founder-focused support across strategy, growth, and execution. From quantum to entertainment, Bullhound Capital backs global leaders applying Artificial Intelligence to solve real-world problems. About SETT The Sociedad Española para la Transformación Tecnológica, Entidad Pública Empresarial, SETT, attached to the Ministry for Digital Transformation and Public Function, is a public entity dedicated to the financing and promotion of advanced and transformative digital technologies. The operation is carried out through the Next Tech fund, whose objective is to encourage private investment and improve access to financing in strategic Spanish sectors such as disruptive technologies. The implementation of the Next Tech, foreseen in the Recovery, Transformation and Resilience Plan, is among the functions of SETT, which also manages two other financial instruments to boost the technological business ecosystem: PERTE Chip, dedicated to microelectronics and semiconductors, and Spain Audiovisual Hub, which promotes the digitization of the audiovisual sector. Contact InformationLaunchSquad for Multiverse Computingmultiverse@ A photo accompanying this announcement is available at
