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Venture Capital News: Albert Invent Raises $7.5M Seed Round

2023-06-13
OAKLAND, CA, Albert Invent, the company empowering global organizations to accelerate innovation with its state-of-the-art R&D platform, today announced $7.5 million in seed funding.
Index Ventures led the investment in Albert Invent, whose platform is already helping thousands of scientists worldwide dramatically expedite time to market. Homebrew, F-Prime Capital and prominent angel investors also participated in the round. With the additional financial resources, the company will onboard even more chemistry and materials science companies, helping one of the largest industries in the world develop the products that touch consumers' everyday lives. Albert is already utilized by some of the largest and prominent companies, along with emerging startups, around the world, including Henkel, the world's leading producer of adhesives, sealants and functional coatings; 3D Systems, one of the largest 3D printing technology companies; and Applied Molecules, fast growing manufacturer of formulated coatings and adhesives.

Albert is on a mission to help companies invent the future faster. Built for chemistry and materials science, the Albert R&D platform removes barriers to innovation caused by siloed and disconnected systems. Used by thousands of scientists worldwide to innovate faster, the end-to-end R&D platform delivers data-driven insights powered by AI and machine learning plus productivity and collaboration tools to expedite the discovery of new materials, automate regulatory compliance and more.
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