Go EuropeAIdirectory

Evidence-backed European AI register

Almawave S.p.A.

Reviewed identity, roles, model listings, pricing and evidence for Almawave S.p.A..

Dataset compiled 2026-08-27 · evidence over inference

model labinference provider4 model listings0 token-price rows

Reviewed identity

Headquarters scope
EU headquarters
Headquarters record
Rome
Legal entity
S.p.A.
Ownership
Wholly owned subsidiary of Almaviva S.p.A. — DELISTED. Almawave IPO'd on Euronext Growth Milan on 3 Nov 2021 at €4.25/share (€30M private placement), traded as AIW.MI / ISIN IT0005434615. In 2025 Almaviva ran a voluntary tender offer reaching 97.91% of share capital, then deposited €2.7M to squeeze out the remaining 2.09%; Borsa Italiana revoked the shares from trading and Almawave was delisted (completed around December 2025).
Founded
2015
Confidence
high
Last verified
2026-08-22

Links

Official website

Open interactive profile

Evidence boundaries

Organisation listings identify a reviewed canonical record. Model listings show an association in the source register; they do not by themselves establish model creation, current API availability, hosting location or infrastructure ownership.

Model listings

  1. Velvet-14Bcatalogued with this organisation · origin not asserted
    Type
    text
    Parameters
    14B (50 transformer layers, Grouped Query Attention)
    Context
    128,000 tokens
    Languages
    Italian, English, German, Spanish, French, Portuguese
    Licence
    Apache-2.0
    Release
    2025-01-31
  2. Velvet-2Bcatalogued with this organisation · origin not asserted
    Type
    text
    Parameters
    2B
    Context
    unknown
    Languages
    Italian, English + major EU languages
    Licence
    Apache-2.0 (family)
    Release
    2025-01
  3. Velvet 25Bcatalogued with this organisation · origin not asserted
    Type
    text
    Parameters
    25B
    Context
    unknown
    Languages
    all 24 official EU languages
    Licence
    unknown
    Release
    2026
  4. Velvet Speech 2Bcatalogued with this organisation · origin not asserted
    Type
    tts
    Parameters
    2B
    Context
    unknown
    Languages
    multilingual
    Licence
    unknown
    Release
    2026

Profile note

The clearest Italian corporate open-weights story: Velvet 14B/2B under Apache-2.0, trained from scratch in Italy on CINECA's Leonardo, plus a 2026 generation (Velvet 25B covering all 24 EU languages, and Velvet Speech 2B TTS). CORRECTION TO THE BRIEF: Almawave is no longer listed — the Euronext Growth Milan ticker AIW was revoked after parent Almaviva's 2025 squeeze-out at 97.91% then 100%. Record it as 'subsidiary of Almaviva', with the former ticker as history. No per-token API price is published.

Record sources

  1. https://www.almawave.com/news/almawave-develops-velvet-an-open-source-multilingual-multimodal-italian-ai-mode…
  2. https://www.almawave.com/news/new-generation-of-velvet-family-multilingual-ai-for-europe-launched/
  3. https://huggingface.co/Almawave/Velvet-14B
  4. https://huggingface.co/Almawave
  5. https://www.almawave.com/investors/ipo-en/
  6. https://live.euronext.com/en/product/equities/IT0005434615-EXGM/company-information
  7. https://www.tipranks.com/news/company-announcements/almaviva-completes-squeeze-out-of-almawave-and-finalises-…
  8. https://www.aiwave.ai/
  9. https://www.almawave.com/news/velvet-now-supported-in-oracle-cloud-infrastructure-ai-quick-actions/
  10. https://www.almawave.com/