California-Based Discovered Materials Scores $9M in Seed Funding

Discovered Materials, a San Francisco, CA-based provider of an AI agent platform that discovers and accelerates the adoption of new materials for semiconductor chips, has raised $9 million in a Seed funding round led by Lightspeed India Partners.

The round also saw participation from Y Combinator and Peak XV Partners, as well as angel investors including Paul Graham, Gokul Rajaram, and Thariq Shihipar.

The company plans to use the funding to expand its team, grow its laboratory capabilities, and scale its AI research agents.

Funding Snapshot

About Discovered Materials

Founded in 2026 by Akash Ramdas and Advaith Sridhar, Discovered Materials is building an AI agent platform for materials discovery, with a focus on semiconductor chips.

The company aims to address one of the major challenges facing the semiconductor industry: quickly finding and commercializing new materials to keep pace with advances in chip performance and AI computing.

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The startup's technology combines AI research agents with simulation, synthesis, and experimental testing to help shorten the time required to move materials from scientific discovery to industrial adoption.

Core offerings include:

• AI agents for materials discovery
• Semiconductor material research
• Materials simulation and synthesis
• Experimental validation
• Material Discovery Bench

Core Technologies / Products / Services