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Dunia Innovations scores $11.5M for its ‘self-driving lab’ to speed up discovery of new materials
Dunia Innovations, a Berlin-based deeptech startup specialising in AI-driven material discovery, has secured $11.5 million in funding co-led by French VC Elaia (which recently invested in Qantev and dottxt) and Swiss VC redalpine (which recently backed Basecamp Research and Legalfly). Other backers included the EIC, Pace Ventures, Kindred Capital, Deep Science Ventures, Anglo American, and industry expert angels.
The German startup is using AI-driven technology and its automated lab to speed up the discovery of advanced materials. The company aims to reduce the time it typically takes to develop new materials, which can often be decades. This is part of a broader focus on helping the clean energy transition. By 2050, the global market for electrochemical technologies, which play a key role in energy storage and conversion, is projected to reach $1.5 trillion. Dunia’s approach is intended to accelerate innovation in this field, contributing to the advancement of clean energy solutions.
Traditional chemical research relies on slow and inefficient “design, make, test, analyse” (DMTA) cycles. Dunia rethinks this process 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.
Proxima Fusion bags €20 million seed to accelerate timeline to fusion power
Proxima Fusion, the first spin-out from the Max Planck Institute for Plasma Physics (IPP), has raised €20 million in seed funding to propel the Munich-based startup towards building the first generation of fusion power plants based on quasi-isodynamic (QI) stellarators with high-temperature superconductors. Proxima Fusion’s seed round, led by redalpine, was preempted and oversubscribed, with participation from the Bavarian government-backed Bayern Kapital, German government-backed DeepTech & Climate Fonds, and the Max Planck Foundation. Existing investors, including Plural, UVC Partners, High-Tech Gründerfonds, Wilbe, and TOMORROW of Visionaries Club have doubled down on their pre-seed investments.
Founded in 2023, the company builds on groundbreaking results from the Wendelstein 7-X (W7-X) experiment, the world’s largest stellarator at the Max Planck IPP, resulting from €1.3B of visionary public investment by the German Government and the European Union.