Multiverse Computing targeting up to $570M in latest round

A Spanish scaleup looking to make AI cheaper and more efficient for enterprises says it is targeting up to $570m in its latest funding round, at an elevated $1.7bn valuation. Multiverse Computing is working at the intersection of AI and quantum, providing tech which it claims can reduce the size of LLMs amid demands for cheaper AI compute. The funding round in Multiverse Computing is co-led by Forgepoint Capital International, BNPP SIVF, and Bullhound Capital.