What does Multiverse Computing do?
Multiverse Computing is a quantum-inspired AI model compression company that specializes in compressing large language models by up to 95% with minimal precision loss, thereby reducing computing requirements and unlocking new AI use cases.
How much did they raise?
The company raised $215M in funding, led by Bullhound Capital with participation from HP Tech Ventures, SETT, Forgepoint Capital International, CDP Venture Capital, Santander Climate VC, Quantonation, Toshiba, and Capital Riesgo de Euskadi – Grupo SPRI.
What are their plans for the money?
The funds will be used to accelerate the widespread adoption of its technology by addressing the high costs associated with deploying large language models, which could significantly impact AI scalability across industries.
What have they achieved so far?
Multiverse Computing has already made significant strides with its product CompactifAI, securing over 160 patents, serving 100 customers globally including notable names such as Iberdrola, Bosch, and the Bank of Canada, and raising approximately $250M to date.