Scottish AI startup raises £6m for bespoke LLMs

Malted, a startup based in Edinburgh, has secured £6 million in funding to transform large language models (LLMs) into specialized smaller models tailored for businesses. The company collaborates with clients to condense the output of LLMs into smaller models customized for specific purposes, offering a more targeted and cost-efficient service. They are currently testing their small language models with financial and legal firms and plan to use the new funding to enhance their product and expand their team. The initial investment was led by Hoxton Ventures and included contributions from the Creator Fund and individual investors.

Source: UK tech news



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