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February 10, 2020
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Further Reading
Augury raises $55 million in Series D funding to grow its predictive maintenance platform
News Commentary | November 17, 2020
Augury (Lux Take: Positive) plans to use the funding for new hires, R&D efforts, and customer acquisition; it has already spent some of it to hire a big‑name COO. Since June 2020, Augury has partnered with one of its investors, HSB (Munich Re) to offer $100,000 in warranty for its predictive ... Not part of subscription
Materials informatics startup Materials Zone secures $6 million Series A – focusing on data infrastructure is key!
News Commentary | May 14, 2021
Materials informatics (MI) startups generally struggle with fundraising. Rather than seeking external funding for the startup‑hallmark exponential growth, many of them maintain small profits and do not (or are not able to) seek external funding – making them "small enterprises" rather than "startups... Not part of subscription
Ai Palette's progress and fundraising signal growing traction of leading food companies in ingredient informatics
News Commentary | September 06, 2021
Ai Palette is seeing strong momentum, as it just raised a $4.4 million Series A round and added key customers (like Danone, Kellogg's, and Cargill) covering key markets (like India, China, the U.S., and the EU). Ai Palette is not the only ingredient informatics startup with big names as customers; ... Not part of subscription
by Xiao Zhong
Before the IPO, Schrödinger raised a total of $110 million in capital from prominent investors/institutions including David Shaw and the Bill & Melinda Gates Foundation Trust. The company applies and develops AI and computational tools for drug discovery and started its Materials Science division in 2012 with the goal of expanding its capability to the materials space. This is the first public company that has its core business in chemical and materials informatics. Its performance can be a good indicator of market faith in these spaces. Interested clients should monitor the company but also be mindful that not all MI startups have the same business model as Schrödinger. Citrine and a few others have built unique data infrastructures.
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