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From our earliest days working with the Albert founders it felt like there was the potential for something special. And while we can certainly debate whether venture funding is a leading or lagging indication of success (we’d argue the latter), it was great to see them get a strong Series A done last year. Well, we’re back to this blog sooner than we expected to share some additional financing news. Namely, an expansion of the round with $20 million more led by JP Morgan at a $270 million valuation, twice the valuation of the previous close.
The Albert team is spending zero time celebrating though. Instead, they just see this all as the opportunity to move quickly to address overwhelming customer demand for its software. That’s why their own announcement of the financing was more focused on upcoming demo sessions than patting themselves on the back.
Want to see how AI is transforming chemistry and materials science? Join their upcoming webinars:
🔬 How Scientists Invent Faster with Albert
📅 Wednesday, March 12, 2025, with sessions at 10AM PT and 3PM CET
🇺🇸 Register for the USA session: https://lnkd.in/eX5TZTSi
🇪🇺 Register for the EU session: https://lnkd.in/eD2RBvrP
And if working at an exciting, well-funded company like Albert appeals to you, they’re hiring.