Funding Round attributes
ExoMatter, a Munich-based AI-driven materials research startup, has successfully raised €1.7 million in pre-seed funding. The round was led by Vanagon Ventures, with additional support from Bayern Kapital, 212 NexT, ZAKA VC, Bloomhaus Ventures, and female super angels from encourageventures. ExoMatter’s platform leverages AI and quantum chemical modeling to speed up the discovery and design of new materials, aiming to cut research time by up to 90%. The platform is especially beneficial for industries under pressure to meet new environmental standards and mitigate supply chain challenges, as it optimizes the selection of materials for sustainability and cost efficiency.
The recent funding will allow ExoMatter to expand its platform capabilities and broaden its application across industries with evolving materials needs, particularly those focusing on sustainable alternatives. Using AI algorithms, ExoMatter enables companies to streamline the R&D phase, reducing costs and speeding up the time to market for new materials that align with stringent regulatory requirements.
ExoMatter's CEO noted that the funding marks a critical step in realizing the startup's vision to revolutionize materials science through technology, stating that the company’s AI tools aim to empower organizations to respond more effectively to modern environmental demands. The investment reflects confidence from notable venture capitalists who recognize the potential impact of ExoMatter's technology on sustainability goals in manufacturing and beyond.
As industries globally seek ways to adapt to stricter sustainability and supply chain regulations, ExoMatter’s solution offers a timely, efficient response, enabling businesses to innovate faster and more effectively. With this new funding, ExoMatter is well-positioned to expand its influence in the materials R&D sector and drive forward the adoption of eco-friendly solutions that meet both regulatory and market expectations.
