Spain-Based Multiverse Raises $217 Million to Compress AI Models

What Happened

Multiverse, a startup headquartered in Spain, has raised $217 million in new funding to advance its proprietary technology for compressing artificial intelligence models. The company aims to make AI models smaller, more energy efficient, and easier to implement without sacrificing performance. This significant investment round underscores the demand for solutions that can reduce the computational and energy costs associated with deploying large AI systems. The funding will support Multiverse in scaling development and expanding market reach as global companies and institutions increasingly seek efficient AI applications.

Why It Matters

This funding round highlights the strategic importance of AI model optimization amid soaring demand for scalable artificial intelligence. More efficient models could lower deployment barriers and democratize advanced AI worldwide. Read more in our AI News Hub