Multiverse Computing, a Spain-based deeptech company focused on “efficient AI,” announces it is raising up to $570 million (€500 million) in a Series C funding round. The company says the round is designed to support efforts to reduce AI costs while enabling deployments across environments, spanning from the edge to the cloud. Reports cite leadership and participation from major investment firms, including Forgepoint Capital International, BNPP Solar Impulse Venture Fund, and Bullhound Capital, as well as a wider group of global technology firms, sovereign funds, and strategic investors.

One outlet frames the fundraising as a bet that AI efficiency—rather than model scale alone—will drive the next phase of investment. Another reports that the company is seeking capital at a valuation of about $1.7 billion, aligning the funding target with expectations for its growth prospects. The company’s announcement is dated July 27, 2026, and is circulated via a press release distributed by Globe Newswire.