News

May 15, 2024

Scottish AI startup cofounded by Meta graduate raises £6m to build GenAI apps for business

The company says its language model technology could end up being much cheaper than alternatives that are currently on the market


Tim Smith

3 min read

Malted AI — a startup HQ’d in Edinburgh — has raised £6m to scale up its development of “distilled” GenAI models for businesses. The round was led by Hoxton Ventures and joined by Creator Fund and angel investors. 

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Tim Smith

Tim Smith was news editor at Sifted. He covered deeptech and AI, and produced Startup Europe — The Sifted Podcast . Follow him on X and LinkedIn

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The people, companies and trends shaping European AI and deeptech.