Discovered Materials
About Discovered Materials
Discovered Materials is a Semiconductors startup based in San Francisco, California, USA that has raised $9M in venture capital across 1 funding round since 2026. The company reached Seed stage in August 2026 with a $9M round led by Lightspeed India Partners. Discovered Materials's investor base includes 6 institutional funds, with Lightspeed India Partners leading the most recent equity round.
Discovered Materials is a San Francisco-based AI startup that builds autonomous AI agents to accelerate the discovery of new materials for semiconductor chips. Founded in 2026 by Advaith Sridhar and Akash Ramdas — two IIT Madras alumni who met over a decade ago — the company emerged from Y Combinator's Spring 2026 cohort with a mission to compress the materials-discovery timeline from over a decade to months. Co-founder Akash Ramdas holds a PhD in Materials Science from Stanford University and spent 11 years researching semiconductor materials; co-founder Advaith Sridhar studied AI at Carnegie Mellon and built video models and AI agents at Persona AI (acquired) and Luma Labs. The company deploys swarms of AI scientists to handle the full lab-to-fabrication pipeline in rapid succession: candidate generation using frontier foundation models, in-silico simulations, and physical lab testing. Discovered Materials has released hundreds of novel AI-discovered materials targeted at datacenter cooling and chip fabrication challenges, alongside Material Discovery Bench — the first benchmark designed to evaluate AI agents on real-world semiconductor materials-discovery problems. The company raised a $9 million seed round in August 2026 led by Lightspeed India Partners, with participation from Y Combinator, Peak XV Partners, and angel investors including Paul Graham, Gokul Rajaram, and Thariq Shihipar, to expand its AI agent platform and accelerate materials adoption across the semiconductor supply chain.
Discovered Materials Funding Rounds Timeline
1 rounds · $9M raised · since 2026
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Seed | August 2026 | $9M | — | Lightspeed India Partners | Y Combinator, Peak XV Partners, Paul Graham, Gokul Rajaram, Thariq Shihipar |
Investors in Discovered Materials
6 institutional investors across 1 rounds
Lead investors
Co-investors
Recent news about Discovered Materials
Questions about Discovered Materials
How much has Discovered Materials raised?
Discovered Materials has raised $9M across 1 funding round since 2026.
Who are the investors of Discovered Materials?
Discovered Materials's investors include Lightspeed India Partners, Y Combinator, Peak XV Partners, Paul Graham, Gokul Rajaram, Thariq Shihipar.
When was Discovered Materials's last funding round?
Discovered Materials's most recent round was a $9M Seed in August 2026, led by Lightspeed India Partners.
Where is Discovered Materials headquartered?
Discovered Materials is headquartered in San Francisco, California, USA, and was founded in 2026 by Advaith Sridhar, Akash Ramdas.