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, 2024•over 1 year ago
Amount Raised
£6 Million
Round Type
seed
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers