Osium AI, a France-based startup that is using artificial intelligence (AI) to help research and develop materials science, with a focus on sustainability, raised $2.6 million in seed funding.
SaaS Investors
The investment round was from investors including Y Combinator, Singular, Kima Ventures, and Collaborative Fund. Several business angels Julien Chaumond, Thomas Clozel, Isaac Oates, Liz Wessel, Ebert Hera Group, Patrick Joubert, Sequoia Scout, and Atomico Angel also participated in the round.
Y Combinator is an accelerator firm based in Mountain View, California. Founded in 2005, the firm prefers to invest in b2b software and services, education, consumer, healthcare, real estate and construction, financial technology, industrials, and government sectors.
Founded in 2019, Singular is a venture capital firm based in Paris, France. The firm prefers to invest in seed-stage, early-stage, and later-stage companies based in the European region.
Kima Ventures is a venture capital firm that seeks to invest in companies operating in the hardware, robotics, e-commerce, SaaS, marketplace, marketing, ad tech, big data, sharing economy, entertainment, finance, education, media, mobile, security, social, travel, tourism, health, retail, industry, API, food, agrotech, lifestyle, cleantech, and gaming sectors. Founded in 2010 and is based in Paris, France.
Collaborative Fund is a venture capital investment firm based in New York, New York. Founded in 2010, the firm seeks to invest in the climate, kids, food, health, and financial services sectors.
About Osium AI
Founded by Sarah Najmark and Luisa Bouneder, Osium AI develops state-of-the-art AI technologies for materials properties predictions, inverse design of materials, and accelerated microscopy image analysis. Its product is AI-powered software with an intuitive interface making it easy to use by any material R&D engineer with no data science background. With Osium AI's proprietary tech, industrial companies can predict the physical properties of new materials based on a list of criteria. Osium AI can also help refine and optimize those new materials while avoiding common mistakes involved with trial and error.
Funding Details
Company: Osium AI
Raised: $2.6M
Round: Seed Round
Funding Month: November 2023
Lead Investors: Y Combinator, Singular, Kima Ventures and Collaborative Fund
Additional Investors: Julien Chaumond, Thomas Clozel, Isaac Oates, Liz Wessel, Ebert Hera Group, Patrick Joubert, Sequoia Scout, and Atomico Angel
Company Website: https://osium.ai/
Software Category: Materials Development Cycles Solution
Source: https://techcrunch.com/2023/11/22/osium-ai-uses-artificial-intelligence-to-speed-up-materials-innovation/