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Malted AI raised £6m in a seed round led by Hoxton Ventures and Creator Fund to build smaller, more focused AI models for enterprises at a fraction of the cost.

May 15, 2024over 1 year ago

Amount Raised

£6 Million

Round Type

seed

EdinburghMachine LearningArtificial Intelligence

Investors

Creator FundHoxton Ventures

Description

Edinburgh-based artificial intelligence start-up Malted AI has secured £6m in seed investment. The funding round was led by Hoxton Ventures, joined by Creator Fund and several angel investors. The company plans to use the new funding to invest in research, product development and recruitment.

Company Information

Company

Malted AI

Location

Edinburgh, Scotland, United Kingdom

About

Malted AI is an Edinburgh-based artificial intelligence start-up that helps enterprises to build smaller, more focused AI models at a fraction of the cost.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers