# Discovered Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/discovered-materials

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.discoveredmaterials.com/
- Total disclosed funding: $9M
- Latest round: Seed (Aug 10, 2026)
- Investors on record: 3

## About

Based in California, US, and founded in 2026, Matforge Inc. trading under the name Discovered Materials, develops AI-driven material discovery software that helps semiconductor companies identify alternatives to improve performance and efficiency.Based in the US, Matforge Inc. trading under the name Discovered Materials, develops AI-driven material discovery software for semiconductor applications.Based in California, United States, and founded in 2025 by Advaith Sridhar and Akash Ramdas, Matforge Inc. (doing business as Discovered Materials) provides AI-driven materials discovery solutions for the semiconductor industry. The company develops AI agents that help discover and evaluate novel materials for semiconductor chips, with a focus on accelerating the transition from laboratory research to commercial fabrication.In August 2026, Discovered Materials raised USD 9 million in seed funding led by new investor Lightspeed India Partners, with participation from other new investors Y Combinator and Peak XV Partners.The company works with semiconductor manufacturers, advanced materials researchers, chip designers, fabrication facilities (fabs), research institutions, and industrial technology organizations to provide AI-powered materials discovery solutions for the semiconductor industry. Discovered Materials develops artificial intelligence agents that help customers identify, evaluate, and optimize novel materials for semiconductor applications, reducing the time and cost associated with traditional materials research and development.Based on the information available from the company's website, Discovered Materials does not explicitly disclose its commercial revenue model, pricing model, customer contracts, subscription offerings, licensing arrangements, or paid service engagements. The website primarily describes the company's technology, mission, AI materials discovery platform, research activities, and funding announcement, but it does not state how the company monetizes its products or services.The company will use the August 2026, funding to speed up materials discovery to meet AI’s growing compute demands.

## Funding rounds

- Seed, Aug 10, 2026, $9M — Y Combinator, Lightspeed India Partners, Peak XV Partners

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Lightspeed India Partners (https://capitalatlas.ai/funds/lightspeed-india-partners) — Seed
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Seed