Goldman Sachs · Fortune Technology
Apoha, a company building AI models for creating new materials, emerges from stealth with $36 million Series A funding round
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Apoha, a deep tech startup that is building AI models for creating new kinds of substances—from proteins to food products to paints—based on a new kind of data about how materials behave, is emerging from stealth today with $36 million in venture capital funding.
Key facts
- Srivastava, a former Goldman Sachs banker, cofounded Apoha in 2021 alongside Shamit Shrivastava, a mechanical engineer who did post-doctoral research at the University of Oxford after completing
- The company says a multi-year research partnership with German pharmaceutical firm Boehringer Ingelheim has shown Apoha identifying high-risk antibody candidates with greater than 90% precision
- Apoha, a deep tech startup that is building AI models for creating new kinds of substances—from proteins to food products to paints—based on a new kind of data about how materials behave, is emerging
- Apoha says it has completed a total of about 40 customer projects to date
Summary
Apoha is betting that the key to unlocking many new kinds of materials rests in a kind of data that does not exist yet at scale: measurements of the wave forms these materials generate when suspended in a liquid and then acted on by outside forces. “Machines have learned to see what matter looks like and to read what we say about it,” Anshika Srivastava, Apopha’s cofounder and chief operating officer, said. Srivastava, a former Goldman Sachs banker, cofounded Apoha in 2021 alongside Shamit Shrivastava, a mechanical engineer who did post-doctoral research at the University of Oxford after completing a PhD at Boston University.