Spain's Multiverse raises $217 million for compressing AI models
Spanish AI
firm
Multiverse Computing
said on Thursday it has raised 189 million euros ($217 million) from investment firm Bullhound Capital,
HP Inc
, Forgepoint Capital and Toshiba, to compress AI language models.
The company said it has developed a compression technology capable of reducing the size of
large language models
(LLMs) by up to 95% without hurting performance and reducing costs by up to 80%.
It combines ideas from quantum physics and machine learning in ways that mimic quantum systems but doesn't need a quantum computer.
by Taboola
by Taboola
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The latest funding round makes
Multiverse
the largest
Spanish AI startup
, joining the list of top European AI startups such as
Mistral
, Aleph Alpha, Synthesia, Poolside and Owkin.
Multiverse has launched compressed versions of LLMs such as Meta's Llama, China's DeepSeek and France's Mistral, with additional models coming soon, the company said.
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"We are focused just on compressing the most used open-source LLMs, the ones that the companies are already using," Chief Executive Officer Enrique Lizaso Olmos said.
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"When you go to a corporation, most of them are using the Llama family of models."
The tool is also available on Amazon Web Services AI marketplace.
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