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Software may be eating the world but there’s still quite a bit left to digest! Many large industrial companies are taking a hard look at what benefits can be gained from the wave of AI-driven software, especially as it impacts research and development, their core driver of innovation. Fortunately startups are rising to this challenge and in the chemical engineering industry that startup is Albert.
After using its seed round to build a robust product and prove market demand, Albert saw opportunities to put more resources behind its efforts, raising a $22.5 million Series A from Coatue. Its platform takes best-of-class SaaS tools and integrates proprietary AI models. In the words of cofounder/CEO Nick Talken, “you don’t want to just take the corpus of data on the internet. You need to take domain-specific knowledge. And so we’ve taken pretty much the entire public information space around chemistry, around 15 million molecules, built a foundational model, and that’s what powers Albert Breakthrough.”
It’s been a joy to work with the Albert team since their seed financing and Homebrew continues our support in the Series A. If you want to join a smart, global, focused team on hard software and science problems, Albert is hiring.