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Milan’s Domyn raises over $1bn in a debt financing round, making it Europe’s largest AI round. This structure allows the company to buy hardware for its supercomputer, Colosseum.
Domyn has raised more than $1bn, with about 10% in equity and 90% in debt, marking one of the largest financings for a European AI company. The funds will primarily support the development of the Colosseum supercomputer. Founded in Milan in 2016, Domyn aims to enable regulated industries to adopt AI and own their models. Customers have access to codebases for pre-training on their own data.
Company Information
Company
Domyn
Location
Milan, Lombardy, Italy
About
Domyn, founded in 2016 as iGenius and rebranded last year, is a Milan-based company focused on building supercomputers for regulated industries. Its flagship product, Colosseum, is purpose-built for AI models exceeding a trillion parameters. Domyn provides access to AI technology, allowing customers to own their models and train them on proprietary data. The company aims to achieve €1bn in revenue within three years, targeting banks, insurers, and government entities.
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MilanSoftwareArtificial IntelligenceMachine Learning