Large language models face a challenge: their size. Multiverse Computing, a startup from Spain, is tackling this with models that are compressed, aiming to bridge the gap between the capabilities of frontier models and what companies can afford to implement.
The key innovation is CompactifAI, a compression technology inspired by quantum computing, applied to OpenAI models. Developers can now access an updated version of Multiverse’s HyperNova 60B model for free on Hugging Face. The company also intends to open-source more compressed models in 2026 for various applications.
According to Multiverse, their models, although smaller, remain nearly as effective and accurate. HyperNova 60B, at 32GB, is about half the size of OpenAI’s gpt-oss-120B, with lower memory usage and latency. The new version, HyperNova 60B 2602, also enhances support for tool calling and agentic coding, where inference costs can be significant.
Multiverse claims HyperNova 60B has outperformed models such as Mistral Large 3 from Mistral AI, a French decacorn. Despite their competition, these two European AI companies share many similarities.
Like Mistral, Multiverse has expanded its presence beyond Spain, with offices in the US, Canada, and throughout Europe. Both companies serve enterprise clients; Multiverse counts Iberdrola, Bosch, and the Bank of Canada among its customers.
While not yet a unicorn, Multiverse is rumored to be securing a new €500 million funding round, pushing its valuation over €1.5 billion. The company confirmed discussions with investors, but it’s too early to comment on valuation or funding details. Multiverse also declined to verify reports of its €100 million ARR in January.
If confirmed, this would be significantly less than OpenAI’s $20 billion ARR but close to Mistral’s €400 million, boosted by demand for alternatives to US tech. Multiverse promotes itself as a provider of “sovereign solutions across the AI stack.”
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These geopolitical factors recently aided Multiverse in securing a partnership with the regional government of Aragón, Spain. The Spanish Agency for Technological Transformation participated in Multiverse’s $215 million Series B last year. Since its launch, Multiverse has received support from the Basque region, potentially becoming its first unicorn soon.