Spanish ‘soonicorn’ Multiverse Computing releases free compressed AI model
#Multiverse Computing #HyperNova 60B #Compressed AI #Mistral AI #CompactifAI #Spanish startup #AI compression
📌 Key Takeaways
- Multiverse Computing released a compressed AI model claiming to outperform Mistral's offerings
- The HyperNova 60B model is half the size of its source model while maintaining similar performance
- The Spanish startup is reportedly seeking €500 million in funding at a valuation over €1.5 billion
- Multiverse positions itself as providing sovereign AI solutions, expanding beyond its Basque origins
📖 Full Retelling
Spanish startup Multiverse Computing has released a new version of its HyperNova 60B model on Hugging Face, claiming it outperforms Mistral's model, as the Basque company addresses the challenge of making large language models more accessible and affordable for businesses to deploy. The company's proprietary CompactifAI compression technology, inspired by quantum computing, allows them to create smaller yet powerful versions of existing models like OpenAI's gpt-oss-120B. At 32GB, HyperNova 60B is roughly half the size of its source model while maintaining comparable performance with lower memory usage and latency. The updated version, HyperNova 60B 2602, now offers enhanced support for tool calling and agentic coding, addressing high inference cost scenarios. Multiverse claims its model beats Mistral Large 3, establishing itself as a competitor to the French AI decacorn while sharing similarities in expansion strategies and enterprise clientele. With offices across Europe, North America, and customers including Iberdrola, Bosch, and the Bank of Canada, the company is reportedly seeking a €500 million funding round at a valuation exceeding €1.5 billion, positioning itself as a provider of sovereign AI solutions in an increasingly competitive European tech landscape.
🏷️ Themes
AI Innovation, European Tech, Startup Funding
📚 Related People & Topics
Mistral AI
French artificial intelligence company
Mistral AI SAS (French: [mistʁal]) is a French artificial intelligence (AI) company, headquartered in Paris. Founded in 2023, it has open-weight large language models (LLMs), with both open-source and proprietary AI models. As of 2025 the company has a valuation of more than US$14 billion.
Multiverse Computing
Quantum computing company
Multiverse Computing is an AI model provider headquartered in San Sebastián, Spain, with offices in Paris, Munich, London, Milan, Toronto and San Francisco. The company leads in AI model compression and quantum software. The AI model compression platform, CompactifAI, delivers ultra-efficient AI mo...
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Original Source
Large language models have a problem: they are large. Multiverse Computing , a Spanish startup, is addressing this issue with compressed models that aim to close the gap between what frontier models can do and what companies can actually afford to deploy. The secret sauce is CompactifAI, a compression technology inspired by quantum computing that the Basque company has applied to models released by OpenAI. As of today, developers can access a newer version of Multiverse’s HyperNova 60B model for free on Hugging Face . The company also plans to open-source more compressed models in 2026 to support a wider range of use cases. According to Multiverse, its models are smaller, but nearly as potent and accurate. At 32GB, HyperNova 60B is roughly half the size of the model it derives from — OpenAI’s gpt-oss-120B — while boasting lower memory usage and lower latency. The updated version, called HyperNova 60B 2602 , now also better supports tool calling and agentic coding, where inference costs can be high. One of the competitors Multiverse claims to have beaten with HyperNova 60B is Mistral Large 3 , one of the models released by French decacorn Mistral AI . But beyond the technological rivalry, the two European AI companies also have a lot in common. Like Mistral, Multiverse has expanded beyond its home country, with offices in the United States, Canada, and across Europe. Both companies also have enterprise customers. In Multiverse’s case, it names Iberdrola, Bosch, and the Bank of Canada. And while Multiverse is not officially a unicorn yet, it is now rumored to be raising a fresh €500 million funding round at a valuation of more than €1.5 billion. In a statement shared with TechCrunch, the company confirmed that active discussions with potential investors towards a new funding round are ongoing, but added it would be premature to comment on valuation or funding size at this stage. Multiverse also declined to comment on reports that its annual recurring revenue reached...
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