Materials Zone, the AI cloud-based materials discovery platform disrupting the way materials-based products are developed and manufactured, announced that it raised $6 million in Series A funding led by Insight Partners, with participation from OurCrowd.
“In order to develop new technologies and physical products, companies must first understand the materials that comprise those products, as well as those materials’ properties. Understanding the science of materials has therefore become a driving force behind innovation. However, the data behind materials R&D and production has traditionally been poorly managed, unstructured, and underutilized, often leading to redundant experiments, limited capacity to build on past experience, and an inability to effectively collaborate, which inevitably wastes countless dollars and man-hours,” says Dr. Assaf Anderson, Ph.D., founder and CEO of Materials Zone.
Materials Zone has created an online materials discovery platform that funnels R&D and manufacturing data into an interoperable and structured database, enabling users to achieve meaningful AI/ML insights, reduce R&D research times, and efficiently collaborate with others. The platform is domain-agnostic and can serve customers from different verticals, such as energy storage, renewables, and nano-materials, supporting both simple and complex materials architectures.
Materials Zone plans to use the investment funds to hire additional team members, continue improving its product offering and pursue customers from additional verticals.
For more information: Materials Zone
