# Malted AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/malted-ai

- Industry: Software
- Headquarters: Edinburgh, UK
- Website: https://malted.ai/
- Total disclosed funding: $8.9M
- Latest round: Seed (Mar 22, 2024)
- Investors on record: 2

## About

Based in Edinburgh, UK, and founded in 2023 by CEO Iain Mackie, CTO Carlos Gammel, and Federico Rossetto, Malted AI Ltd, a.k.a. Malted AI operates as a software company that focuses on providing artificial intelligence-based software that helps create AI models for knowledge distillation. In April 2024, Malted AI Ltd. raised GBP 6 million in seed funding led by Hoxton Ventures, with participation from the Creator Fund.

The company provides small language models (SLMs) by leveraging advanced knowledge distillation technology, enabling enterprises to perform domain tasks with better accuracy and efficiency. Malted AI’s solutions encompass various use cases, including domain-specific search, automated report generation, real-time information extraction, and personalized content creation.

The company plans to use its proceeds from April 2024 funding to support the development of its products, research, and manpower expansion.

## Funding rounds

- Seed, Mar 22, 2024, $7.6M — Hoxton Ventures, Creator Fund
- Seed, Aug 3, 2023, $1.3M — Creator Fund

## Investors

- Creator Fund (https://capitalatlas.ai/funds/creator-fund) — Seed
- Hoxton Ventures (https://capitalatlas.ai/funds/hoxton-ventures) — Seed