Multiverse Computing eyes $570 million funding round that would value Spanish firm at $1.7 billion

Europe's enterprise AI market is getting a significant new boost. Multiverse Computing, a Spanish scaleup, is preparing to raise a funding round of up to $570 million, according to Tech.eu. If the deal closes at the announced size, the company's valuation would rise to $1.7 billion — a figure that would place the Spanish startup among the most valuable European tech companies in the field.

What Multiverse Computing actually does

The company has carved out a niche with strong growth potential: cutting the cost and complexity of deploying artificial intelligence in the corporate world. Rather than building its own AI models from scratch, Multiverse Computing develops technology that makes existing models more computationally efficient, translating into lower operating costs for clients.

This approach addresses a real challenge facing many organizations: the infrastructure needed to run AI models at scale can be extremely costly, both financially and in terms of energy consumption. By optimizing these processes, the Spanish company aims to make AI adoption accessible even to firms that lack resources comparable to those of major tech corporations.

A valuation reflecting investor appetite

The $1.7 billion valuation, described as "elevated" — above typical levels for a European scaleup — reflects growing investor confidence in companies offering efficiency solutions for AI, rather than new foundation models themselves. The current global climate, marked by massive investment in AI infrastructure and mounting pressure to optimize costs, favors exactly this type of company.

A round of this scale would strengthen Multiverse Computing's position in the European market, providing additional resources for international expansion and technology development. The deal could also send an important signal to the startup ecosystem in Spain and across Europe more broadly, demonstrating that solutions focused on efficiency — not just raw computing power — can attract significant capital.

It remains to be seen whether the round will close at the announced terms and which investors will back this ambitious valuation, at a time when competition for capital in the AI sector is fiercer than ever.