--- title: Milan’s Domyn raises over $1bn Europe’s largest AI... description: Milan-based Domyn has raised roughly $1.1bn, about 90% of it debt, to expand Colosseum, a supercomputer built with Nvidia and Vertiv in southern Italy running... canonical: https://daily.dev/posts/milan-s-domyn-raises-over-1bn-europe-s-largest-ai-round-mostly-in-debt-36xas6w8q twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Milan’s Domyn raises over $1bn Europe’s largest AI round, mostly in debt | daily.dev og:description: Milan-based Domyn has raised roughly $1.1bn, about 90% of it debt, to expand Colosseum, a supercomputer built with Nvidia and Vertiv in southern Italy running... og:url: https://daily.dev/posts/milan-s-domyn-raises-over-1bn-europe-s-largest-ai-round-mostly-in-debt-36xas6w8q og:image: https://api.daily.dev/og/posts/36xAS6W8Q.png og:image:alt: Milan’s Domyn raises over $1bn Europe’s largest AI round, mostly in debt og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Milan’s Domyn raises over $1bn Europe’s largest AI round, mostly in debt **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Milan-based Domyn has raised roughly $1.1bn, about 90% of it debt, to expand Colosseum, a supercomputer built with Nvidia and Vertiv in southern Italy running 80 Nvidia GB200 NVL72 systems and rated at 115 exaflops. The debt-heavy structure mirrors Mistral's $830m debt raise for a Paris data centre, reflecting a pattern where lenders finance GPU infrastructure on terms venture funds won't match for models. Founded as iGenius in 2016 by Uljan Sharka and rebranded to Domyn, the company sells sovereign AI models to banks, insurers, pharma and defence clients via Microsoft's Foundry platform, and has benchmarked its own models against GPT-4o and Claude 3.5 Sonnet without independent verification. Domyn wants to invest $10bn over three years and hit €1bn revenue, though current ARR is reported in the tens of millions. Key terms, investors, valuation and lenders remain undisclosed. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much did Domyn raise and what portion was debt versus equity? Domyn raised roughly $1.1bn, with about 10% equity and 90% debt. The debt-heavy structure reflects a broader pattern in European AI where lenders will finance GPU hardware on terms venture funds won't offer for models, similar to Mistral's $830m debt-financed data centre outside Paris. _Track how European AI companies are financing compute buildouts by following funding news on daily.dev._ ### What hardware specs does the Colosseum supercomputer in Italy have? Colosseum runs 80 Nvidia GB200 NVL72 systems, close to 6,000 Grace Blackwell chips, drawing about 7MW and rated at 115 exaflops. Built with Nvidia and Vertiv in southern Italy, it's described as purpose-built for models above a trillion parameters. _Developers evaluating AI infrastructure choices can follow supercomputer and GPU capacity news on daily.dev._ ### What models has Domyn released and how do they compare to GPT-4o? Domyn has shipped two models: a small one for general enterprise work and a larger mission-critical system benchmarked against GPT-4o and Claude 3.5 Sonnet. These are the company's own comparisons and have not been independently reproduced, so the results should be treated with caution. _Compare emerging enterprise AI models and their benchmark claims through daily.dev._ ## Similar posts on daily.dev - [Mistral is in funding talks at a €20bn valuation](https://daily.dev/posts/mistral-is-in-funding-talks-at-a-20bn-valuation-jaeasymor) · The Next Web · 0 upvotes · 0 comments - [Premium: The Hater's Guide To AI Debt \(Part 1\)](https://daily.dev/posts/premium-the-hater-s-guide-to-ai-debt-part-1--p9dmod0fg) · Where's Your Ed At · 3 upvotes · 0 comments - [Nvidia, Deutsche Telekom strike €1B partnership for a data center in Munich](https://daily.dev/posts/nvidia-deutsche-telekom-strike-1b-partnership-for-a-data-center-in-munich-hlg0z4xtm) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#venture-capital](https://daily.dev/tags/venture-capital), [#nvidia](https://daily.dev/tags/nvidia), [#gpu](https://daily.dev/tags/gpu), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure) [View this post on daily.dev](https://daily.dev/posts/milan-s-domyn-raises-over-1bn-europe-s-largest-ai-round-mostly-in-debt-36xas6w8q) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Milan’s Domyn raises over $1bn Europe’s largest AI round, mostly in debt","url":"https://daily.dev/posts/milan-s-domyn-raises-over-1bn-europe-s-largest-ai-round-mostly-in-debt-36xas6w8q","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/milan-s-domyn-raises-over-1bn-europe-s-largest-ai-round-mostly-in-debt-36xas6w8q"},"datePublished":"2026-08-20T16:01:43.122Z","dateModified":"2026-08-20T16:02:09.800Z","description":"Milan-based Domyn has raised roughly $1.1bn, about 90% of it debt, to expand Colosseum, a supercomputer built with Nvidia and Vertiv in southern Italy running...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/8d065ff287c6ec7dddf833e847f0fe0b?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/8d065ff287c6ec7dddf833e847f0fe0b?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/milan-s-domyn-raises-over-1bn-europe-s-largest-ai-round-mostly-in-debt-36xas6w8q","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"venture-capital,nvidia,gpu,ai-infrastructure","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Milan’s Domyn raises over $1bn Europe’s largest AI round, mostly in debt"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/milan-s-domyn-raises-over-1bn-europe-s-largest-ai-round-mostly-in-debt-36xas6w8q#faq","mainEntity":[{"@type":"Question","name":"How much did Domyn raise and what portion was debt versus equity?","acceptedAnswer":{"@type":"Answer","text":"Domyn raised roughly $1.1bn, with about 10% equity and 90% debt. The debt-heavy structure reflects a broader pattern in European AI where lenders will finance GPU hardware on terms venture funds won't offer for models, similar to Mistral's $830m debt-financed data centre outside Paris. Track how European AI companies are financing compute buildouts by following funding news on daily.dev."}},{"@type":"Question","name":"What hardware specs does the Colosseum supercomputer in Italy have?","acceptedAnswer":{"@type":"Answer","text":"Colosseum runs 80 Nvidia GB200 NVL72 systems, close to 6,000 Grace Blackwell chips, drawing about 7MW and rated at 115 exaflops. Built with Nvidia and Vertiv in southern Italy, it's described as purpose-built for models above a trillion parameters. Developers evaluating AI infrastructure choices can follow supercomputer and GPU capacity news on daily.dev."}},{"@type":"Question","name":"What models has Domyn released and how do they compare to GPT-4o?","acceptedAnswer":{"@type":"Answer","text":"Domyn has shipped two models: a small one for general enterprise work and a larger mission-critical system benchmarked against GPT-4o and Claude 3.5 Sonnet. These are the company's own comparisons and have not been independently reproduced, so the results should be treated with caution. Compare emerging enterprise AI models and their benchmark claims through daily.dev."}}]} ```