Materials Zone, a Tel Aviv, Israel-based AI cloud-based materials discovery platform, raised $6m in Series A funding.
The round was led by Insight Partners, with participation from OurCrowd.
The company plans to use the funds to hire additional team members, continue improving its product offering and pursue customers from additional verticals, such as Green Construction, Perovskites, Automotive and Semiconductors.
Led by Dr. Assaf Anderson, Ph.D., founder and CEO, Materials Zone has created an online materials discovery platform that channels 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 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. The company already serves paying customers, including a Fortune 100 company.