iGenius to Become the First Italian AI Unicorn

iGenius, a deep-tech company established in 2016, aims to raise €650 million in funding. Known for its AI models tailored for highly regulated industries, iGenius has gained substantial momentum.

The company recently launched "Italia", an open-source foundational Large Language Model (LLM) specifically designed for organizations in Finance and Government. Angel Capital Management and Eurizon Asset Management are among the first investors to join, propelling iGenius to unicorn status with a valuation exceeding $1 billion. iGenius' AI models prioritize data reliability and security, ensuring their safe use in production environments. The company's commitment to providing trustworthy and scalable AI solutions has attracted Fortune 500 customers and earned recognition from Gartner as a Cool Vendor in AI Core Technologies.

The company boasts an international team operating across North America and Europe, with offices in New York and Milan as its headquarters. It is investing hundreds of millions of euros to build AI models that organizations can trust and adopt on a large scale. “Today, we take a giant leap forward with additional capital to drive our AI advancements in regulated sectors. Our goal is to make data human, redefine the future of work, and close the skills gap, empowering individuals and businesses to reach new heights," said Uljan Sharka, CEO of iGenius.

iGenius’ open-source LLM series, Italia, offers the ideal solution for organizations to maintain full ownership and oversight of their data by hosting and operating the models within their own secure infrastructure. This approach mitigates the risks associated with data transfer and allows auditing, customization, and adaptation to meet specific operational workflows. The company emphasizes the importance of organizations owning the AI models to protect intellectual property and avoid vendor lock-in. Italia, provided under the MIT license, empowers organizations to create their own private virtual brain, enabling every company to turn AI investments into strategic assets.