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July 27, 2026 - Deals
Multiverse Computing Raises $570 Million In Series C Round At $1.7 Billion Valuation
Multiverse Computing, a Spanish AI startup focused on compressing AI models using quantum-inspired techniques, raised $570 million in a Series C round at a $1.7 billion pre-money valuation, making it a unicorn and bringing total funding to about $800 million. Founded by CEO Enrique Lizaso Olmos, the San Sebastian-based company has seen rapid growth driven by its CompactifAI engine, which uses tensor networks to shrink large AI models by up to 93% while maintaining accuracy. The round was co-led by Forgepoint Capital International, BNP Paribas Solar Impulse Venture Fund, and Bullhound Capital, with participation from Qatar Development Bank, HP Inc., and other strategic investors.
FOUNDER: Enrique Lizaso Olmos
INVESTORS: Forgepoint Capital International, BNP Paribas Solar Impulse Venture Fund, Bullhound Capital, Qatar Development Bank & HP Inc
ROUND: Series C
AMOUNT: $570,000,000
VALUATION: $1,700,000,000
HQ: San Sebastián, Spain
#VentureCapital #MultiverseComputing #EnriqueLizasoOlmos #TradedVC
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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts.
FOUNDERS: Ben Lamm & George Church
TARGET VALUATION: $23,000,000,000
HQ: Dallas, Texas
#VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC