Seed · AI & Machine Learning · Edinburgh, United Kingdom · Founded 2023 · 11–50 employees
Malted AI builds domain-specific Small Language Models tailored for the financial services sector and regulated enterprise workflows. The company leverages advanced knowledge distillation to transfer capabilities from large foundation models into compact, highly accurate SLMs. This approach allows enterprise clients to execute specialized tasks with enhanced security and a 10 to 100 times reduction in compute costs. The Edinburgh-based firm secured a 6 million pound seed funding round in May 2024 led by Hoxton Ventures. Founded in 2023 by Iain Mackie, Carlos Gemmell, and Federico Rossetto, the startup offers on-premise and single-tenant deployment models.
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