Spain-based AI company Multiverse Computing has announced a €500 million ($570 million) Series C financing round at a pre-money valuation of €1.5 billion ($1.7 billion), according to ChainCatcher. The company said the valuation marks a fivefold increase from its Series B round. Multiverse Computing focuses on sovereign and efficient AI. The round was co-led by Forgepoint Capital International, BNPP SIVF, and Bullhound Capital. No additional details were provided in the brief announcement.