Multiverse Computing Secures $215M

Multiverse Computing, a Spanish startup, has secured $215 million in Series B funding, driven by its innovative CompactifAI technology. This technology aims to significantly reduce the computational costs associated with artificial intelligence. CompactifAI employs advanced algorithms to optimise AI models, making them more efficient and less resource-intensive.

The funding will enable Multiverse Computing to further develop and deploy CompactifAI across various industries. By lowering AI costs, the company hopes to democratise access to advanced AI capabilities, allowing more businesses to leverage the technology without incurring prohibitive expenses. This could lead to wider adoption of AI in sectors such as finance, healthcare, and logistics.

Multiverse Computing's approach addresses a critical challenge in the AI landscape: the escalating costs of training and running complex models. CompactifAI offers a potential solution by streamlining AI processes and reducing the hardware requirements, marking a significant step towards sustainable and accessible AI.