Corporate R&D spending in 2018 reached $782 billion among the top 1000 companies, representing a 14% increase relative to 2017 and the largest figure deployed firms to R&D ever. Despite this, most AI-as-a-service is designed and targeted toward marketing and commerce.
Enter MaintainPR client Noble.ai (https://noble.ai/), AI software that helps enterprises do R&D with 10x lower cost. Since founding the company in 2017, Matthew C Levy and his team have worked with many of the largest and most forward-thinking enterprises – across verticals like chemistry, automotive, and materials science – using their unique technology to help them lower the cost of R&D and invent faster.
We are excited about the future announcements from this stellar SF-based startup. You can read more about the seed fundraise from Prime Movers Lab and Solvay Ventures (the venture arm of world-leading chemical company Solvay) on TechCrunch below.