Multiverse Raising Funds at $1.7 Billion Value to Cut AI Costs

Multiverse Computing SL is raising $570 million in a funding round that would lift its valuation to $1.7 billion, aiming to reduce the cost of using artificial intelligence. The recap highlights investor demand for companies focused on making AI more affordable, an area that has attracted capital across the industry. While the company’s exact use of the funds is not detailed in the provided text, the stated objective is to cut AI operating expenses. The article also names investors involved in the round, including Forgepoint Capital International, BNPP Solar Impulse Venture Fund, and Bullhound Capital, among others.