Domyn, a Milan-based artificial intelligence company formerly known as iGenius, is targeting $1 billion in revenue through what it calls a sovereign AI model, which gives banks, governments and defence organisations full ownership and control of the AI systems they deploy.
The company was selected by the European Commission to lead the Europa consortium, tasked with implementing the EU's Frontier AI Grand Challenge: the creation of a foundational model with more than 400 billion parameters, putting it among the most powerful AI systems in the world.
Built to own
Domyn trains foundational models from scratch and distributes them alongside datasets and pre-training recipes, enabling clients to continue developing and running the models on their own servers without remaining dependent on the company.
The approach goes beyond what standard open-weight models offer, which typically allow task-specific fine-tuning but not general training from a base level.
Uljan Sharka, the company's founder and chief executive, who was named among the Time 100 most influential people in AI, has stated the company's case plainly: "When governments support sovereign AI, markets follow," he said at the announcement of Domyn's partnership with Nvidia, which involves deploying close to 6,000 Nvidia Blackwell GPUs across a new sovereign AI infrastructure in Europe.
What sovereignty means here
Sharka distinguishes his company's definition of sovereign AI from the nationalist impulse to replace foreign products with domestic alternatives.
Domyn instead defines sovereignty as the ability for any public or private organisation to control its own data and operational future within an open global market, helping clients seal data and AI systems inside encrypted containers so they can use public cloud infrastructure without sharing information with the underlying hyperscalers.
The company is also developing Colosseum, described as Europe's largest AI supercomputer, capable of supporting models with over a trillion parameters and achieving more than 115 exaflops of performance, built with Nvidia's Blackwell GPU stack.
Revenue model and pipeline
Domyn gives the model itself to clients free of charge and charges via subscription, offering greater cost predictability than the token-based pricing used by frontier labs such as OpenAI and Anthropic.
The company's $1 billion revenue target combines live revenue and contracted revenue, with Sharka noting that contract growth is currently outpacing delivery capacity, constrained primarily by the availability of compute.
Clients run from the Bank of New York to government agencies and defence organisations across Europe.
