SaaS Start-up Polymerize bags $4.2 million in series A funding round led by Elevation capital

• ByStartupStory     |    May 25, 2022

Polymerize, A Singapore-based material informatics platform for R&D in chemical companies has raised $4.2 Million in a Series A funding round. The funding round was led by Elevation Capital. Previous Investor InfoEdge Ventures has also joined the funding round.

Founded by Kunal Sandeep and Dr. Abhijit Salvekar, the firm has decided to use the funds to ramp up recruitment and expand its geographical presence. Polymerize’s platform enables R&D teams to interact across geographies while also successfully managing all of their historical and present experimental data, designing new tests, and receiving AI-based suggestions for new formulations or alternative constituents with desired attributes (such as elasticity, hardness, viscosity, etc.).

Abhijit quoted that “Both Kunal & I were struck by the inefficiencies in R&D for materials formulation. Not only are the current methods inefficient and don’t leverage data from previous iterations of experiments, but they also run the risk of missing out on the formulation of materials with unique properties. Polymerize’s deep tech solution not only allows companies to save on time and money, but it also ensures the best possible end-level output”.

Founded in 2020, Polymerize is a SaaS platform that enables chemical R&D teams to streamline the formulation creation and data management process. The platform’s key value proposition is to lower overall R&D expenses and shorten enterprises’ time-to-market for new goods.

Despite being in a sector with extensive sales cycles, polymerize has been able to quickly recruit notable clients in three markets: Japan, Singapore, and India, as buyers recognized the value of Polymerize’s material informatics software. It is presently concentrating on businesses in the automotive, adhesives, paints and coatings, specialty chemicals, and packaging industries.

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