Domyn, the Italian company building large-language models (LLMs), has raised $1.1bn in debt and equity funding over the past two years, according to founder and CEO Uljan Sharka.

The funding comes as the company continues to scale its operations and develop advanced AI technologies. Domyn has been actively expanding its team and infrastructure to support its growing portfolio of AI products and services.

With the new capital, Domyn plans to accelerate its research and development efforts, particularly in the area of natural language processing and machine learning. The company aims to become a leading player in the global AI market, competing with other major players in the space.

Industry experts believe that Domyn's significant funding round highlights the growing interest in AI technologies and the potential for these models to transform various industries. The company's success may also attract further investment into the European AI sector.