February 4, 2022

Mat3ra Raises $3M in Seed Funding Led by Tim Draper to Accelerate Rise of New Era of Digitally-Engineered Materials + Chemicals

The funding follows the surge including a 3X customer growth ...

The funding follows the surge including a 3X customer growth, two awards from the US Dept of Energy, and over 2,000 scientists worldwide using Mat3ra to model new materials and chemicals

San Francisco – WEBWIRE – Friday, February 4, 2022.

Mat3ra, the software platform unlocking the rapid development of new materials for Global 2000 companies, announces $3M in Seed funding led by Tim Draper’s Draper Associates with participation from Serguei Beloussov, enterprise software guru and founder of Parallels, Acumatica, and Acronis, along with Albert Wenger, a managing partner at Union Square Ventures, participating personally. The funding comes as Mat3ra experiences 3X growth with over 2,000 scientists and dozens of companies across electronics, energy, manufacturing, and other industries using the company’s platform.

Mat3ra’s technology enables scientists at its enterprise customers, like Intermolecular, a Merck KGaA company, government institutions, like the Air Force Research Laboratory, and universities, like Tokyo University of Science, to innovate faster than the competition.

“I want my Iron Man suit!” declares Tim Draper, founder and Managing Partner of Draper Associates. “Just like Tony Stark’s J.A.R.V.I.S. in the movie (Iron Man), Mat3ra is bringing together the latest advances in modeling and AI/ML to allow the design and development of new materials based on fundamental chemistry and physics revolutionizing the speed at which new products can hit the market.”

“At UC Berkeley I worked with some of the world’s smartest people solving some of the world’s most important problems - new energy, next-generation electronics, space exploration - and we were still using software built in the 1970s,” explains Timur Bazhirov, Mat3ra founder and CEO, as well as a UC Berkeley Ph.D. “Our mission at Mat3ra is to empower scientists with state-of-the-art digital tools to catalyze innovation in critical industries such as semiconductor, chemical engineering, aerospace- and automotive manufacturing, and bring new products to market faster.”

Mat3ra is the only collaborative, end-to-end materials modeling platform that consolidates state-of-the-art simulation tools and data allowing users to design new compounds and run physics-based and machine-learning models. The company’s platform virtually models new compounds, starting from the interaction between individual atoms, and shows how they perform together as a new material, with a goal of reducing the research and development time by half.

“Advanced materials are essential to solving many problems humanity faces today. It is one of the key research topics at SIT that combines physics, computer science, and business to find advanced solutions", says Serguei Beloussov, technology entrepreneur and investor. "I see massive potential in Mat3ra, and will contribute with my expertise and expertise of SIT ecosystem to the growth of this emerging leader in new materials development”

About Mat3ra

Mat3ra (formerly Exabyte.io) is a cloud-based software company that unlocks the rapid development of new materials and chemicals for Fortune 2000 companies. The company’s modeling platform allows engineers in academic and industrial sectors, including energy, semiconductor, and manufacturing to rapidly adopt and deploy a wide variety of modeling techniques to create higher-performing products. Mat3ra is the only collaborative end-to-end platform for materials design and development from the nanoscale. It streamlines access to state-of-the-art simulation tools and organizes the synthesized data, allowing to prototype new compounds using physics-based models and machine learning. Mat3ra users collaborate and build collective intelligence accelerating the pace of materials R&D. Learn more at: mat3ra.com

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