The company plans to automate its lab to test more recipes at once and speed up the feedback loop. Altrove defines itself as a hardware-enabled AI company and plans to sell licenses for its newly produced materials or make those materials itself with third-party partners. The startup aims to build its automated lab by the end of the year and sell its first asset within 18 months.
Key takeaways:
- French deep tech startup Altrove has raised €3.7 million to innovate in the field of new materials development, focusing on inorganic materials and rare earth elements.
- The company uses AI models to generate potential recipes for new materials, and has developed a proprietary characterization technology to test these materials.
- Altrove plans to automate its lab to increase throughput and speed up the feedback loop, with the aim of building the first high throughput methodology.
- The startup plans to sell licenses for its newly produced materials or manufacture them with third-party partners, and aims to build its automated lab by the end of the year and sell its first asset within 18 months.