Kebotix Raises $11.4 Million in Series A Funding for Rapid Discovery of Chemicals, Materials to Address Global Challenges
Summary
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Kebotix Inc., a technology platform company for new AI-discovered chemicals and materials, today announced it has raised $11.4 million in Series A funding led by Novo Holdings, a leading international life science investor. “In a short period, Kebotix has managed to successfully develop a world-class engine for materials discovery, secured substantial partnerships and collaborations, and demonstrated a scalable business model,” said Novo Holdings Principal Kartik Dharmadhikari. “Finding the cure for deadly diseases or the next game-changer for zero emissions comes down to discovering the right combination of molecules, and Kebotix stands out to us as leading the charge.” For Kebotix’s CEO, an added level of pride is derived from the timing of Novo Holdings’ investment. For Koura (formerly Mexichem Fluor), in one of several partnerships with leading multinational industrial companies, Kebotix discovered environmentally friendly high-performance materials in remarkably less time and cost – 3 months instead of the average 3-plus years, and at a reduction of hundreds of thousands of dollars. Kebotix (www.kebotix.com) partners with the private and public sector in harnessing the power of its breakthrough platform that combines artificial intelligence and robotic automation to discover chemicals and materials significantly faster and more affordably.