a year ago

Malted AI Raises €6.9 Million to Build Smaller, More Focused AI Models

  • Malted AI, a Scottish AI firm specializing in building smaller, more focused AI models, has secured €6.9 million in seed funding led by Hoxton Ventures and joined by Creator Fund

  • The company's technology distils large language models (LLMs) into smaller models, enabling enterprises to apply small language models (SLMs) that solve domain-specific problems with significant cost savings

  • Malted AI's technology is already being used by financial and legal firms, and the company plans to use the new funding for research, product development, and recruitment.

      • ProblemTechnology

      "Error rates and high computing costs associated with Large Language Models (LLMs) are hindering their adoption in enterprises."

      Solution

      "Malted AI's technology distills the output of LLMs into smaller, more focused models with greater performance at a fraction of the cost, enabling enterprises to apply small language models (SLMs) to specific problems with significant cost savings."

      Covered on