Aropha, a Bedford, OH-based laboratory focused on advancing biodegradable material discovery and testing through lab automation and AI predictive modeling, raised $1m in Seed funding round.
The round was led by Comeback Capital, with participation from Lightbank and Right Side Capital Management (RSCM).
The company intends to use the funds to expand its current laboratory operations, increase industry awareness, and fund the development of its biodegradation prediction model, ArophaAI.
Led by Travis Johnston, Co-Founder, COO, and CRO, and Kuan Huang, Co-founder, CEO, and CTO, Aropha works directly with companies to provide rapid biodegradation testing and implement AI screening into their product development processes. To date, the company has helped more than 80 customers with their biodegradation testing through both in-lab and in-silico testing. Year-over-year booked revenue at the end of Q4 saw 190% growth. The company also recently published a free version of its predictive model, ArophaAI-2.
FinSMEs
24/03/2024