a year ago

Malted AI Secures £6 Million to Tailor LLMs for Enterprise Applications

  • Malted, an Edinburgh-based AI startup, has raised £6 million in a seed funding round led by Hoxton Ventures

  • The company specializes in creating smaller, more focused language models from large language models (LLMs) like ChatGPT

  • Malted argues that its distilled models are more cost-effective and better suited for the complex needs of enterprises

  • The funding will be used to further develop its product and expand its team.

      • ProblemTechnology

      "Large language models (LLMs) like ChatGPT are too broad and general with answers, making them unsuitable for the complex challenges enterprises face."

      Solution

      "Malted distills the output of LLMs into smaller models for bespoke purposes, providing users with a more focused service and making them far more cost-effective."

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