Albert Invent Secures $22.5 Million in Series A Funding to Revolutionize Chemical Innovation with AI-Powered Breakthrough Platform

Albert Invent, a leading materials science R&D platform, has recently secured significant funding to further its mission of accelerating chemical innovation. The company, based in Oakland, California, has announced a $22.5 million Series A funding round led by Coatue, with participation from TCV, Index Ventures, F-Prime, and Homebrew[1].

This funding round marks a significant milestone for Albert Invent, which has been steadily building its platform and customer base over the past few years. The company’s end-to-end R&D platform is designed specifically for chemistry and materials science, utilizing AI and machine learning to optimize complex experiments, predict molecular properties, and generate novel formulations.

As part of the announcement, Albert Invent also introduced Albert Breakthrough, the first-ever AI solution built specifically for chemists. Breakthrough combines centralized, structured data with specialized, user-friendly AI to dramatically speed up innovation cycles and time-to-market for industry-leading companies worldwide. This unique solution enables chemical companies to develop new products with unprecedented speed and performance.

The funding will be used to expand the engineering team, enhance the platform’s capabilities, and scale operations to meet growing demand. David Schneider, General Partner at Coatue, expressed excitement about supporting Albert Invent, stating, “It is exciting to support Albert as the company seeks to transform how chemistry research is performed by implementing the latest AI technology for greater efficiencies and overall business benefit.”

Albert Invent’s platform has already gained significant traction, with thousands of scientists around the world leveraging its solution to accelerate innovation and get products to market faster. The company has added prominent customers such as Chemours, Solenis, Keystone Industries, and Applied Molecules, while also expanding its relationship with Henkel and Nouryon.

The company’s journey began in a small neighborhood in the San Francisco Bay Area, where co-founders Nick Talken, Neelesh, and Zack built a software platform specifically for scientists like themselves. The platform became an integral part of their business, which eventually grew to become one of the largest producers of SLA/DLP photopolymers before being sold to Henkel in 2019[4].

Since then, Albert Invent has continued to evolve, incorporating AI and machine learning to predict outcomes and simulate experiments. The platform provides scientists with meaningful data on more than 50,000 raw materials and industry standards, enabling them to make informed decisions across every stage of the innovation process.

The recent funding round builds on the company’s momentum over the past six months, during which it added new customers and expanded its relationships with existing ones. The capital will be used to further grow the digital offering and onboard more chemistry and materials science companies, expanding the company’s influence within the $4.7 trillion chemicals and materials science industry.

Paris Heymann, a Partner at Index Ventures, previously commented on Albert Invent’s potential, stating, “Albert exemplifies the type of software company we seek to back. The platform was developed by a team with deep industry expertise, built specifically for customers who are digitally transforming their R&D efforts and developing the lab of the future.”

With this latest funding round, Albert Invent is poised to continue transforming the materials science industry by leveraging AI and machine learning to accelerate chemical innovation. The company’s commitment to delivering products 2x faster at tremendous cost savings underscores its mission to make a significant impact in the industry.

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