Phaseshift Technologies, a company operating in the materials science sector, recently secured a significant financial boost in the form of a $3 million seed funding round. This influx of capital is earmarked for the accelerated development and commercialization of innovative materials for industries ranging from aerospace to energy.
The company uses its proprietary AI-driven computational platform, known as Rapid Alloy Design, or RAD, to produce specialized materials that are durable, efficient and sustainable. Phaseshift Technologies says its solution is designed to speed up engineering and yield materials tailored to address industry-specific challenges.
The funding round was spearheaded by Innospark Ventures and saw contributions from Draper Associates and First Star Ventures. Additionally, the round included investments from angel investors associated with the Hustle Fund Angel Squad, further broadening the financial base supporting Phaseshift’s projects.
Innospark Ventures partner Matt Fates has also joined the board of directors at Phaseshift Technologies to help guide the company’s path forward.
