Tech Company Financing Transactions
Malted AI Funding Round
Hoxton Ventures, Creator Fund and private investors participated in a $7.6 million Seed funding round for Malted AI. The round was announced by the company on 5/15/2024.
Transaction Overview
Company Name
Announced On
5/15/2024
Transaction Type
Venture Equity
Amount
$7,600,000
Round
Seed
Investors
Hoxton Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to invest in research, product development, and recruitment as it doubles the team size.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
33 Melville Street
Edinburgh, EH3 7JF
Scotland
Edinburgh, EH3 7JF
Scotland
Phone
Undisclosed
Website
Email Address
Overview
High-quality data from a "teacher" system is used to train a network of proprietary "student" SLMs that are optimised for a single problem. Opposed to general AI that does thousands of tasks moderately well, Malted AI's SLMs do one task near perfectly.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Iain Mackie
Chief Technical Officer
Carlos Gemmell
VP - Engineering
Federico Rossetto
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