Innospark Ventures
Assembly Line
Phaseshift Technologies Closes US $3 (CA $4.1) Million Seed Financing to Design Next-Generation Materials Using AI
Phaseshift Technologies, an advanced materials company specializing in the development and commercialization of next-generation alloys and composites through its proprietary AI-powered computational platform, Rapid Alloy Design (RAD)™, announced the closing of a US $3 (CA$4.1) million seed financing round. The round was led by Innospark Ventures, with participation from Draper Associates and follow-on investment from First Star Ventures, which had previously contributed to Phaseshift’s pre-seed round. Additional support came from angel investors through Hustle Fund Angel Squad.
The funding will enable Phaseshift to accelerate the development and commercialization of new materials addressing critical industrial challenges across a wide range of sectors, including aerospace, automotive, mining, energy, and advanced manufacturing.