2 years ago
Materials Nexus Secures £2 Million Seed Funding to Revolutionize Materials Discovery
Cambridge-based AI and quantum mechanics spinout Materials Nexus has raised £2 million in a seed round led by Ada Ventures
The startup leverages datasets and machine learning tools to predict the performance of new material compositions, aiming to reduce R&D costs in materials science
The funding will be used to partner with companies to discover and patent new materials.
ProblemTechnology
"Developing new materials for critical technologies like clean energy and electronics requires extensive and expensive physical experimentation."
Solution
"Materials Nexus offers AI and quantum mechanics-powered tools to predict the performance of new material compositions, reducing the need for physical experiments and accelerating the development of advanced materials."