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Spanish startup Multiverse Computing has announced a major milestone with a Series B round of €189 million (about $215 million) for their innovative technology known as “CompactifAI.”
## Revolutionary Technology
CompactifAI is a cutting-edge compression technology inspired by quantum computing, capable of reducing the size of LLMs by up to 95% without compromising model performance. Multiverse offers compressed versions of well-known open source LLMs, providing faster and more cost-effective solutions.
## Impressive Partnerships
Led by co-founders Román Orús and Enrique Lizaso Olmos, Multiverse boasts technical expertise and strategic partnerships. The Series B funding round was spearheaded by Bullhound Capital, with participation from notable investors like HP Tech Ventures and Santander Climate VC.
## Global Impact
With 160 patents and a diverse client base including Iberdrola, Bosch, and the Bank of Canada, Multiverse is making waves in the tech industry. Their goal of reducing AI costs and enhancing efficiency has garnered widespread attention and support.
Overall, Multiverse Computing’s innovative approach to AI technology is reshaping the landscape of machine learning and setting a new standard for performance and affordability.
