Malted AI, a Scotland-based AI startup, has raised EUR 6.9 million (~USD 7.5 million) in a seed funding round led by Hoxton Ventures, with participation from Creator Fund and other angel investors.
The company plans to use the funds for research, product development, and recruitment to expand its team size.
Malted AI technology reduces large language models (LLMs) into smaller, expertly focused language models (SLMs). SLMs diminish costs, enhance the performance of AI-specific tasks, and enable more accurate and efficient solutions to complex enterprise problems.
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