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Matter Machine, a Liverpool AI materials discovery spin-out, raises £4m in pre-Series A funding led by IP Group. The company will develop AI-powered materials discovery technologies.
Amount Raised
£4 Million
Round Type
Series A
LiverpoolManufacturingBiotechnologyArtificial IntelligenceMachine LearningInvestors
Description
Matter Machine, an AI-driven materials discovery company spun out of the University of Liverpool, has raised £4m in a pre-Series A funding round led by IP Group and Northern Gritstone. The company aims to develop AI-powered materials discovery technologies that accelerate the identification and optimization of novel materials. Gordon Sanghera, the former chief executive of Oxford Nanopore, has been appointed to lead the company as chief executive. Matter Machine is based at the Materials Innovation Factory, a collaboration between the University of Liverpool and Unilever.
Fundz sees it the moment Matter Machine raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Insights
What this usually meansMatter Machine raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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