Multiverse Computing Secures $215M in Series B Funding, Expands into AI Sector

Spain’s quantum software startup Multiverse Computing raises $215 million in Series B funding, led by Bullhound Capital, valuing the company at over $500 million. Expansion into the AI sector with CompactifAI aims to address large language model rollout costs. Partnership with AWS to introduce new revenue stream. Significant traction with hyperscalers. Quantum computing industry records a 138% increase in funding for venture capital-backed startups in 2024.