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: €650 million in project financing (2024) at €1.7B valuation; seeking €1B additional. Latest round: Venture Round. Key investors include G42, Eurizon Investimenti, NovaCapital, Blacksheep MadTech Fund, Angel Capital Management.
- Founded
- 2016
- Headquarters
- Milan, Italy
- Team size
- 201-500
- Total funding
- €650 million in project financing (2024) at €1.7B valuation; seeking €1B additional
Value proposition
To provide responsible and secure AI solutions for mission-critical operations in regulated industries, including secure, air-gapped deployments.
Products and solutions
Large Language Models (LLMs), AI Gigafactories, Multilingual threat intelligence triage, Secure, air-gapped deployments for decision support, Streamlined reporting and automated compliance analysis
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
Notable customers
BPER Banca, Allianz, Customers in regulated industries such as financial services, government, and defense
Major milestones
Rebranded from iGenius to Domyn in 2025., Announced plans to build 'AI gigafactories' in Europe., Launched proprietary Large Language Models (LLMs) tailored for enterprise use., Building one of the world's largest AI supercomputers in partnership with NVIDIA., Appointed former BlackRock executive Stefano Pasquali to lead its financial AI division., Achieved a valuation of over $1 billion.
Growth metrics
While official figures are not disclosed, sources suggest Domyn generates tens of millions in annual recurring revenue. The company has a team of over 200 employees.
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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Official website: https://www.domyn.com