Phaseshift Technologies – an advanced materials company specializing in developing and commercializing next-generation alloys and composites through its proprietary AI-based computational platform Rapid Alloy Design (RAD), announced the closing of a $3 million seed financing round. This funding round was led by Innospark Ventures, with participation from Draper Associates and follow-on investment from First Star Ventures. And additional support came from angel investors through Hustle Fund Angel Squad.
This funding will enable Phaseshift to accelerate the development and commercialization of new materials addressing critical industrial challenges across various sectors, including aerospace, automotive, mining, energy, and advanced manufacturing.
Matt Fates (Partner at Innospark Ventures) has joined Phaseshift’s Board of Directors in connection with the funding round. Matt brings 25+ years of valuable experience helping tech companies grow and will be instrumental in guiding Phaseshift’s next steps.
Phaseshift’s Rapid Alloy Design (RAD) platform rethinks how new metallic alloys and composites are designed. Traditionally, creating new materials is a slow and expensive process, often taking years of trial and error without guarantee of success. And RAD uses Artificial Intelligence (AI) to generate new materials and multi-scale simulations to evaluate their performance before any physical experiments are performed. This approach narrows down the search to the most promising candidates, significantly reducing resources spent on unsuccessful experiments and accelerating development timelines.
By reducing upfront investment, improving chances of success, and speeding up development, Phaseshift’s approach enables industries to develop new materials that serve as drop-in replacements quickly. And this helps overcome supply chain limitations, reduce reliance on scarce or costly raw materials, and address practical challenges in efficiency and sustainability across a broad spectrum of applications.
The company was co-founded by:
— Fazal Mahmood, Chief Executive Officer
— Dr. Gurjot Dhaliwal, Chief Technology Officer
— Dr. Abu Anand, Chief Scientific Officer
KEY QUOTES:
“Industries eventually reach a point where existing materials become a bottleneck, making innovation at the materials level essential. Our AI-powered platform allows us to rapidly develop a portfolio of specialized materials that tackle real-world industrial problems often overlooked by others. By focusing on creating more durable, efficient, and sustainable materials across various industries, we’re helping to reduce waste, lower maintenance costs, and push the boundaries of what’s possible in engineering and manufacturing.”
-Fazal Mahmood, Co-Founder and CEO of Phaseshift
“Many industries are constrained by traditional materials that can’t meet modern performance demands. Phaseshift’s unique approach to rapidly designing and testing new materials addresses these often-overlooked challenges. They’re enabling companies to innovate beyond existing constraints, leading to significant advancements and competitive advantages across multiple sectors.”
-Matt Fates (Partner at Innospark Ventures)
“Phaseshift is solving a fundamental bottleneck in industrial innovation. By making advanced materials development faster and more accessible, they’re empowering industries to tackle practical challenges that have been ignored for too long. Their ability to quickly generate a wide array of new materials opens doors to solutions that can transform entire sectors, from transportation and energy production to consumer goods and beyond.”
-Tim Draper, Founder and Managing Partner at Draper Associates
