# Phaseshift Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phaseshift-technologies

- Industry: Materials
- Headquarters: Toronto, Canada
- Website: www.phaseshift.ai
- Total disclosed funding: $3M
- Latest round: Seed (Oct 21, 2024)
- Investors on record: 4

## About

Founded in 2019 and based in Toronto, Ontario, Canada, Phaseshift Technologies provides advanced materials engineering, utilizing AI and Multi-Scale Simulations to design bespoke alloys faster and more efficiently. Fazal Mahmood is leading the firm as CEO as of 2024. In October 2024, Phaseshift Technologies raised USD 3 million in seed funding led by investor Innospark Ventures, with participation from returning investor First Star Ventures. Investors Draper Associates and Angel Squad also participated in the round.

The company’s flagship product, the RAD™ platform, leverages AI technologies like MatterMind™ and Cascade™ Simulations to design new materials. It enables the creation of customized alloys for a variety of applications, including aerospace, automotive, energy, and medical devices. These alloys are tailored to meet specific engineering needs such as enhanced strength, corrosion resistance, or biocompatibility.

The company plans to use the October 2024 funding to expedite the research, development, and commercialization of novel materials that tackle pressing industrial issues in a variety of industries, such as advanced manufacturing, mining, aerospace, and automotive.

## Funding rounds

- Seed, Oct 21, 2024, $3M — Draper, First Star Ventures, Innospark Ventures, Angel Squad

## Investors

- Draper (https://capitalatlas.ai/funds/draper) — Seed
- First Star Ventures (https://capitalatlas.ai/funds/first-star-ventures) — Seed
- Innospark Ventures (https://capitalatlas.ai/funds/innospark-ventures) — Seed
- Angel Squad (https://capitalatlas.ai/funds/angel-squad) — Seed