AI Firm Multiverse Said to Hit €1.5 Billion Value With New Funds

Multiverse Computing SL, a Spanish artificial intelligence software company, is in discussions to raise about €500 million ($595 million) in fresh funding, according to people familiar with the matter.

The round is expected to value the company at more than €1.5 billion, the people said, asking not to be identified as the information is private. The financing is expected to complete during the first half of the year and will bring in new backers, one of the people said.