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Domyn

Category: AI Infrastructure

An AI company that provides large language models (LLMs) and solutions tailored for regulated industries. Domyn was founded in 2016. The company is led by Uljan Sharka. Based in Milan, Italy. Team size: 201-500. Total funding raised: ~$1.1B (Aug 2026; ~10% equity / 90% debt) for Colosseum; prior €650M project financing (2024) at ~€1.7B valuation; BNY & Rabobank strategic equity (Apr 2026); group EV cited >$2B post-Oròbix. Latest round: Debt. Key investors include G42, Eurizon Investimenti, NovaCapital, Blacksheep MadTech Fund, Angel Capital Management, BNY, Rabobank.

Founded
2016
Headquarters
Milan, Italy
Team size
201-500
Total funding
~$1.1B (Aug 2026; ~10% equity / 90% debt) for Colosseum; prior €650M project financing (2024) at ~€1.7B valuation; BNY & Rabobank strategic equity (Apr 2026); group EV cited >$2B post-Oròbix

Value proposition

To provide responsible and secure AI solutions for mission-critical operations in regulated industries, including secure, air-gapped deployments.

Products and solutions

Domyn Large (260B-parameter LLM), Domyn Small (10B open-weight reasoning LLM), Domyn Agentic AI Platform, Domyn Swarm (open-source LLM inference), Colosseum AI supercomputer / AI Gigafactories, Secure air-gapped deployments, Domain-specific AI agents for regulated industries

Unique value

Domyn is focused on building Europe’s AI gigafactories and specializes in developing responsible AI for regulated industries.

Target customer

Enterprises in regulated sectors

Industries served

Financial Services, Government and Defense, Advanced Manufacturing

Technology advantage

Their key advantage is the ability to offer secure, air-gapped deployments and multilingual threat intelligence. The recent appointment of a former BlackRock executive to lead their financial services division also indicates a strong business advantage in the finance sector.

How they differentiate

Domyn differentiates itself by focusing on 'responsible AI' for highly regulated industries such as finance, government, and defense. They emphasize data sovereignty and governance, offering proprietary, fully governable AI solutions. Their plan to build 'AI gigafactories' in Europe also sets them apart, indicating a focus on localized, large-scale AI infrastructure.

Main competitors

Palantir, Dataiku, OpenAI

Key partnerships

Allianz, G42, NVIDIA, Microsoft, BPER Banca, Cisco, Vertiv, BNY, Rabobank, Cognizant, Fraunhofer-Gesellschaft, EU Commission (EUROPA)

Notable customers

BPER Banca, Allianz, Rabobank, BNY, Customers in regulated industries such as financial services, government, and defense

Major milestones

Rebranded from iGenius to Domyn in June 2025., Building Colosseum AI supercomputer (~115 exaflops, NVIDIA Blackwell) in Italy., Launched Domyn Large (260B) and Domyn Small (10B open-weight, May 2026)., Appointed Stefano Pasquali (ex-BlackRock) to lead financial AI division (Sep 2025)., Acquired Oròbix; Luca Antiga named CTO; group EV >$2B (Apr 2026)., BNY and Rabobank strategic investments (Apr 2026)., EUROPA consortium (w/ Fraunhofer) won EU Frontier AI Grand Challenge for 400B+ open-source model (Jun 2026)., Raised ~$1.1B (~10% equity / 90% debt) for Colosseum (Aug 2026)., Uljan Sharka named to TIME100 AI 2026.

Growth metrics

Tens of millions ARR historically; CEO stated (Aug 2026) a few quarters from $1bn ARR. ~200–226 employees (plans to double). Group enterprise value cited >$2B after Oròbix (Apr 2026).

Market positioning

Domyn is positioning itself as a leading European provider of enterprise AI solutions, aiming to be a regional champion in the global AI race. They are often referred to as 'Italy's answer to OpenAI', highlighting their ambition to compete with top-tier AI companies. Their focus on regulated industries gives them a specialized market position.

Geographic focus

Europe (headquartered in Milan, Italy), with plans for a pan-European network of AI supercomputers and data centers.

Patents and IP

Not publicly available

About Uljan Sharka

Uljan Sharka is the founder and CEO of Domyn, which he originally founded as iGenius in 2016. He has led the company's vision and development from a business intelligence focus to its current mission of building sovereign, scalable generative AI infrastructure for regulated industries in Europe.

Latest news about Domyn

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