Discovered Materials, a deeptech startup co-founded by IIT-Madras alumni has raised $9 million in a seed round of funding led by Lightspeed India Partners, with participation from Y Combinator, Peak XV Partners and angel investors including Paul Graham, Gokul Rajaram, and Thariq Shihipar.
Discovered Materials in building AI agents to discover and accelerate the adoption of new materials for semiconductor chips.
The startup said it has also released hundreds of new AI-discovered materials along with Material Discovery Bench, a benchmark for agentic materials discovery on real-world semiconductor chip problems.
According to the startup, AI chips generate extraordinary amounts of heat making thermal management the biggest bottleneck for the industry.
New materials have the potential to fundamentally improve chip efficiency by enabling advanced packaging technologies such as 3D stacking while also dissipating heat more effectively.
