Albert Invent raised $22.5 million in a Series A led by Coatue to expand its engineering team and enhance its AI-based R&D platform for chemical innovation.

Dec 11, 2024•7 months ago

Amount Raised

$22.5 Million

Round Type

series a

Bay AreaMachine LearningArtificial IntelligenceBiotechnology

Investors

HomebrewF PrimeIndex VenturesTcvCoatue

Description

Albert Invent announced a $22.5 million Series A funding round led by Coatue, with participation from TCV, Index Ventures, F-Prime, and Homebrew. The funding will be used to expand the engineering team and scale operations to meet the growing demand for its innovative AI-driven solutions in materials science.

Company Information

Company

Albert Invent

Location

Bay Area, California, United States

About

Albert Invent is a leading materials science research and development platform that accelerates chemical innovation using artificial intelligence. The company focuses on modernizing scientific labs to enhance research capabilities and streamline the development of new products. Their flagship product, Albert Breakthrough™, combines structured data with AI to optimize experiments and predict molecular properties. This innovative approach allows companies to significantly improve their chemical research and development processes.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Albert Invent raised $22.5 million in a Series A led by Coatue to expand its engineering team and enhance its AI-based R&D platform for chemical innovation.

Investors

Description

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