NanoForge AI Raises $11 Million for AI Materials Research
NanoForge AI raised $11 million in seed funding led by Mirae Asset Venture Investment, according to WowTale. Existing investors Futureplay and Mashup Ventures participated, alongside new investors DSC Investment, Korea Development Bank and Ecopro Partners.
The South Korean startup develops AI models that predict material properties at the atomic and electronic levels. It uses the technology to identify candidates for semiconductors and batteries before physical testing, and is working with Ecopro BM on battery materials.
NanoForge AI will use the funding to develop its electronic structure prediction technology and build an autonomous lab where robots synthesize and analyze materials. Experimental results will feed back into its AI training process. The company also appointed KAIST mechanical engineering professor Seunghwa Yu as a technical adviser.
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