Albert Invent hopes to revolutionize the chemicals sector with its AI platform [Yahoo! Finance]
HENKEL AG & CO KGAA PFD (HENOY)
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Source: Yahoo! Finance
It makes sense: there's a lot of trial and error involved in research and development, and any tool that can speed up the process for researchers is bound to be useful. The latest is Albert Invent , which offers an AI platform trained on data from past chemical experiments, allowing chemists to interrogate molecular-level data when they are formulating chemicals. Its founders previously ran a 3D printing company, and decided to use that knowledge of materials science to train an AI on chemical processes. The startup has now secured a $22.5 million Series A funding round led by Coatue. The company's platform, dubbed Albert Breakthrough, combines structured data with the company's proprietary AI models. The hope is that chemical companies will be able to use the platform to develop new products faster and better. The company says the platform can, for instance, generate real-time toxicology predictions chemicals and “outperform” standard industry models. Albert Invent's customers
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