QDB Invests in Multiverse Computing

Qatar Development Bank announced a strategic investment in Multiverse Computing, a Spain-founded technology firm specializing in efficient and sustainable artificial intelligence solutions. The investment represents QDB's participation in Multiverse Computing's EUR 500 million Series C funding round. As part of the partnership, QDB will facilitate the establishment of Multiverse Computing's regional headquarters in Doha, bringing the company's expertise in AI language models and compression technologies to the local market.

Abdulrahman bin Hesham Al Sowaidi, Chief Executive Officer of QDB, characterized the investment as aligned with the Startup Qatar Investment Program's objective to attract high-growth technology enterprises that strengthen Qatar's innovation ecosystem. He emphasized that the move reinforces QDB's commitment to developing future industries within Qatar while creating opportunities for partnerships, knowledge exchange, and regional commercial expansion.

Multiverse Computing develops proprietary AI language models and offers compression services for third-party models, enabling AI applications to operate on standalone devices without dependence on large-scale cloud infrastructure. This capability provides users with greater sovereign control over their AI systems. The investment forms part of the broader Startup Qatar initiative, which launched in 2024 and has since channeled QDB funding into more than 40 startups from 15 countries. QDB announced earlier this year an expansion of the Startup Qatar Investment Program, targeting a portfolio value of QAR 1 billion by 2030 to establish Qatar as a globally competitive hub for startups and innovation.