Apoha, a deep tech startup focused on developing AI models for innovative substances, has secured $36 million in venture capital. This funding comprises a seed round from 2024 and a recent unlettered round in the spring, both aimed at enhancing its operations in London and San Francisco. The financing was primarily led by Singular, a European venture firm, with contributions from Draper Associates and ongoing support from Redalpine, Seedcamp, Wilbe, and Nucleus.
Founded in 2021 by Anshika Srivastava and Shamit Shrivastava, Apoha aims to leverage unique wave form data generated by materials in liquid to revolutionize material creation. This innovative approach, termed “liquid intelligence,” allows the company to analyze properties such as reactivity and sensory attributes including smell and taste. Shamit Shrivastava, who serves as the CEO, holds patents related to liquid wave form analysis and the specialized hardware essential for the company's research.
Although the startup has received a grant from Innovate UK, it has not disclosed its current valuation. Apoha's technology seeks to transform how materials are perceived and manipulated, distinguishing itself from conventional AI models that primarily focus on text and images.