French AI Startup Entalpic Raises €8.5 Million Seed Funding to Revolutionize Materials Discovery
Paris, France – September 9, 2024 – Entalpic, a French artificial intelligence (AI) startup focused on accelerating materials discovery, has secured €8.5 million in seed funding. The round was led by prominent investors including Kima Ventures, Breega, and Felicis.
Entalpic is leveraging the power of AI to revolutionize the chemical industry by enabling the rapid discovery, generation, and evaluation of new materials and molecules. The company’s innovative AI platform integrates cutting-edge technologies such as large language models (LLMs), active learning, and graph neural networks.
This powerful combination allows Entalpic to automate the process of formulating and testing chemical hypotheses, significantly speeding up the traditional materials discovery process. The platform also integrates diverse databases, including numerical quantum simulations, physical laboratory experiments, academic literature, and patents, providing a comprehensive and robust foundation for its AI-driven research.
We are thrilled to have secured this funding from such esteemed investors, said Mathieu Galtier, co-founder and CEO of Entalpic. This investment will allow us to further develop our AI platform and expand our team,enabling us to accelerate the discovery of new materials that can address critical challenges in various industries.
Entalpic was founded by a team of experienced French scientists with a deep understanding of AI and machine learning. Co-founders Mathieu Galtier, Victor Schmidt, and Alexandre Duval previously held key positions at Amazon and Owkin,a leading AI unicorn. Their combined expertise has been instrumental in building Entalpic’s advanced AI platform.
The company’s focus on materials discovery holds significant potential for various industries, including pharmaceuticals, energy, and manufacturing. By accelerating the development of new materials with improved properties, Entalpic aims to contribute toa more sustainable and innovative future.
Entalpic’s approach to materials discovery is truly groundbreaking, said a spokesperson from Kima Ventures. Their AI platform has the potential to transform the way new materials are developed, leading to significant advancements in various sectors.
The €8.5 million seed funding willbe used to further develop Entalpic’s AI platform, expand its team of engineers and scientists, and explore new applications for its technology. The company is also planning to establish strategic partnerships with industry leaders to accelerate the adoption of its AI-driven materials discovery solutions.
Entalpic’s success in securing thissignificant seed funding highlights the growing interest in AI-driven solutions for materials discovery. As the company continues to develop its platform and expand its reach, it is poised to become a major player in the rapidly evolving field of materials science.
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