Munich-based ExoMatter closed a €1.7M pre-seed funding round to ramp up its R&D of sustainable materials utilizing AI

With €1.7M in pre-seed funding from Vanagon Ventures and additional investors, Munich’s ExoMatter plans to accelerate AI-driven R&D for sustainable materials.

ExoMatter, a pre-seed startup from Munich has established €1.7 million of pre-seed investments with the support of Vanagon Ventures. More backers included: Bayern Kapital, 212 NexT, ZAKA VC, Bloomhaus Ventures, and four women super angel from encourageventures. This funding will enhance ExoMatter’s goal of using AI and quantum chemical modeling to transform materials science research from materials discovery to optimization.

Intensifying the Rate of Sustainable Material Finding:

ExoMatter’s technology employs artificial intelligence and performs quantum-level calculations to cut down the materials research process by up to 90%. I claim that this approach not only allows for faster identification of novel materials that are better suited to perform, cost less, and have fewer negative impacts on the environment than their predecessors but also reduces the release of greenhouse gases. Design and materials optimization allow ExoMatter to help firms successfully address sustainability and regulatory concerns, including the EU Ecodesign Directive.

Managing Some Important Challenges of Material R&D:

Conventional materials research may take up to six years, and many times (they) are slowed down by lengthy research and testing processes. While there are higher stakes for sustainability worldwide, the development of materials to meet this demand becomes protracted. To address these issues, ExoMatter directly approximates a nearly infinite volume of material possibilities, more numerous than all stars in the universe, and relies on artificial intelligence for modeling and specifying specific metric goals such as cost and sustainability.

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Founded by Dr. Josua Vieten and Barbara Bachus, ExoMatter has already found product-market fit, with the company’s clients including Airbus and Infineon. Moreover, it earns six figures plus revenues and is establishing itself as the pioneer of Europe’s digital materials market. Additionally, these funds will support improvements to the EXO Matter platform and drive operational growth, with additional investment negotiations planned for next year.

Future Outlook for ExoMatter:

ExoMatter has a clear direction in terms of growth as a company, but it is also most consistent with the stated goal of innovation and environmental responsibility. By automating and expanding its materials R&D platform, it aims to establish the largest digital hub for sustainable material innovation in Europe, empowering businesses to stay relevant and sustainable.

Image Credit: ExoMatter