We’ve raised $10 million to turn AI-predicted materials into industrial reality

We’re very excited to announce our $10m seed round led by Alven, with support from Contrarian Ventures, Bpifrance Digital Venture, Emblem & Entrepreneurs First.

A big step towards turning AI-predicted materials into industrial reality.

This milestone brings us 1 step closer to substituting critical materials at industrial scale, ensuring resilience and performance for Western supply chains.

This round will help us scale our automated synthesis and characterisation laboratories, recruit additional AI and materials science talent, and, most importantly, get ready to push our first breakthrough materials to market at industrial scale. We aim to reach kilo-scale production of AI-designed materials, moving rapidly from grams to industrially relevant volumes, within the next two years.

Our partners

This round was led by Alven, with Bpifrance Digital Ventures as a follow. Pre-existing investors in Altrove include Contrarian, Emblem, Entrepreneurs First, and notable angels including Thomas Clozel (Owkin), Julien Chaumond (Hugging Face), Thomas Plantenga (Vinted) and Michal Valko (former principal engineer at Meta).

This new funding follows our $4 million pre-seed in July 2024 and brings total capital raised to $14 million.

Technology milestones and first-of-a-kind achievements

We have already demonstrated that our platform moves beyond theory to practice, delivering first-of-a-kind results in:

• Rare-earth-free magnetic materials for high-performance motors, including high-temperature, cobalt-free formulations, reducing reliance on both rare earths and cobalt - metals that are expensive, reliant on child labour and geopolitically risky to source.

• Non-toxic, lead-free materials for sensors and actuators, providing sustainable alternatives to traditional lead-based compounds.

• Compelling computational discoveries now validated in the lab: Our AI predictions have already advanced to experimental testing with a number of major equipment manufacturers, with the first physical prototype due in the coming months.

• Proven performance parity with a critical imported material in laboratory tests.

Building on these technical breakthroughs, we are in active discussions with key industrial operators across sectors such as automotive, electronics and energy - signing over a dozen deals to date with major players.

These early conversations aim to translate our AI-designed materials into large-scale production partnerships, paving the way for deployment in strategic supply chains.