Spain Invests €107M in AI Firm Multiverse Computing

Spain's commitment to advancing artificial intelligence and quantum computing capabilities is underscored by a significant capital injection into Multiverse Computing. The Sociedad Española para la Transformación Tecnológica (SETT), acting under the auspices of the Ministry for Digital Transformation and Public Function, has greenlit an investment of up to €107 million. This substantial funding aims to propel the San Sebastián-based firm, a European leader in quantum software, to further develop its groundbreaking AI solutions.

Founded in 2019, Multiverse Computing is at the forefront of creating energy-efficient AI software inspired by quantum computing principles. Their technology focuses on enhancing productivity and sustainability across critical sectors including finance, energy, logistics, space, healthcare, and defense. This latest commitment builds upon a previous investment of €59.2 million from SETT in June 2025, which was instrumental in advancing the company's unique approach to compressing large language models, particularly those powering popular chatbots.

The core innovation lies in Multiverse Computing's ability to drastically reduce the size and energy consumption of AI models, achieving reductions of up to 95%. This efficiency breakthrough allows for the deployment of sophisticated AI on smaller devices, ranging from smartphones and laptops to satellites. Leveraging quantum-inspired tensor networks to simplify neural networks, the company's technology delivers AI that is 4 to 12 times faster and boasts cost reductions between 50% and 80%. These advancements are crucial for bolstering Spain's and Europe's strategic autonomy in the vital AI domain.

Since the initial public investment, Multiverse Computing has experienced a period of accelerated growth and strategic partnerships. The company has forged alliances with key players in the global AI ecosystem, including Canadian AI firm Cohere, European AI hardware provider Axelera AI for edge computing solutions, and Spanish firm Plain Concepts to expand its market reach. Collaborations with consulting giants EY and PwC are also in place to expedite the adoption of more efficient and sustainable enterprise AI.

The company has recently unveiled a new generation of highly optimized AI models, including an open-source offering and a family of compressed models designed for advanced AI capabilities with significantly reduced computational demands. These models are engineered to execute complex tasks in hardware-constrained environments, making efficient AI more accessible where cost, latency, and energy usage are paramount. Multiverse Computing is also actively democratizing AI access, enabling developers to run optimized models locally on their devices.

This strategic investment is being channeled through SETT's Next Tech initiative, utilizing funds from the Recovery, Transformation, and Resilience Plan, supported by the European Union's NextGenerationEU funds. This program is dedicated to financing deep-tech startups and scale-ups. SETT also manages other key initiatives like PERTE Chip for microelectronics and Spain Audiovisual Hub for the audiovisual sector, demonstrating a broad commitment to technological sovereignty.