Discovered Materials, a startup focused on identifying novel materials, has raised $9 million. According to the report, the funding will support the company’s efforts to find new materials that could be used to build more efficient chips.
Why it matters
More efficient chips depend in part on the materials used to make them, and dedicated efforts to discover new materials could contribute to that goal.
Who should care
Investors, chip designers, and materials researchers tracking early-stage efforts in the semiconductor and hardware space may find this development relevant.