Dunia, a pioneering force in AI-driven material discovery, today announced it has secured €10.6 million in funding co-led by Elaia and redalpine. Other backers include the EIC, Pace Ventures, Kindred Capital, Deep Science Ventures, and Anglo American as well as industry expert angels.
Founded in 2022, Dunia uniquely combines novel science-based AI algorithms with a proprietary self-driving lab to massively accelerate the discovery of new advanced materials.
Focusing on power-to-x electrocatalysts used for green hydrogen or ammonia generation, as well as the conversion of CO2 into more advanced chemical products, Dunia’s platform addresses the critical bottleneck in realizing the global energy transition towards low-carbon fuels and chemicals.
Michael Sidler, Founding Partner at redalpine, said: “With humanity’s fast-growing need for power and the reliance on petrochemicals, the discovery of novel ways to create sustainable fuels and chemicals has become crucial. We need radical disruption to the existing R&D processes to create novel catalyzing agents for the efficient synthesis of such fuels. Dunia’s AI-driven lab approach is the foundation of the discovery of these world-changing catalysts.”
Catalysts crucially drive 90% of today’s chemical processes and play a vital role in the energy transition. The global market for electrochemical technologies is projected to reach 1.5 trillion dollars by 2050 (ERV), highlighting a significant commercial opportunity. With conventional innovation cycles lasting decades, Dunia’s self-driving lab aims to reduce this timeframe to under three years, providing a compelling market opportunity with immense environmental benefits.
“You can’t solve this problem with software alone but by combining machine learning with chemical robotics, we can iterate faster and generate high-quality data, drastically cutting down the time needed to discover new materials,“ said Dr. Alexander Hammer, Co-Founder of Dunia.
Traditional chemical research relies on slow and inefficient “design, make, test, analyze” (DMTA) cycles. Dunia rethinks this process by using advanced chemical-robotic workflows and proprietary quantum chemistry-derived material representations. These representations together with their in-house proprietary datasets give Dunia’s machine learning (ML) systems a competitive edge over other black-box ML approaches, allowing for faster material discovery.
Dunia’s cutting-edge technology addresses the urgent need for sustainable innovation and positions the company at the forefront of a trillion-dollar market opportunity in the race to Net Zero. Dunia has also been awarded with significant grants from the IBB and the EIC Accelerator and lauded by prestigious programs like the NZTC’s TechX Clean Energy Accelerator, Henry Royce Institute, and RMI’s Third Derivative Accelerator.
The founding team consists of scientists and engineers with deep expertise in chemistry, machine learning, and robotics, and the company is backed by angels including Dr Udo Jung (founder and long-term leader of both the chemicals and petrochemicals divisions at BCG), Dr Chris Gibson (CEO and co-founder of Recursion), Prof. Lee Cronin (Regius Chair of Chemistry and CEO of Chemify), and Dr Carlos Haertel (Former Executive at GE and ex-CTO of Climeworks) who will serve as Chairman of the company board. Over the past two years, Dunia has validated its technology in a proof-of-concept on accelerated electrocatalyst ink formulation where the platform outperformed human researchers in both speed and performance.
Céline Passedouet, Investment Director at Elaia, said: “We were first drawn to the Dunia adventure by the vision and ambition of the founders and were convinced by their ability to execute quickly while retaining a strategic perspective. New materials discovery requires deep scientific backgrounds for which the Dunia team is well-positioned with many years of experience and published research.”
Read the orginal article: https://www.eu-startups.com/2024/10/berlin-based-dunia-ai-raises-e10-6-million-to-accelerate-clean-energy-innovations/
