IP Group leads round in Matter Machine

IP Group leads round in AI-driven materials discovery company Matter Machine

IP Group plc ("IP Group" or the "Group") (LSE: IPO), which invests in breakthrough science and technology companies with the potential to create a better future for all, is pleased to note it has led an oversubscribed £4m pre-series A funding round into Matter Machine, an AI-driven materials discovery company spun out of the University of Liverpool.

Matter Machine is developing AI-powered materials discovery technologies designed to dramatically accelerate the identification and optimisation of novel materials. Dr Gordon Sanghera CBE, co-founder and former CEO of Oxford Nanopore Technologies plc, has joined Matter Machine to lead its commercial strategy.

The full release follows:

Matter Machine raises £4m to accelerate AI-powered

materials discovery

-     Funding round led by IP Group plc with investment from Northern Gritstone

-     Dr Gordon Sanghera CBE, co-founder of Oxford Nanopore Technologies plc, to lead commercialisation strategy

Matter Machine, an AI-driven materials discovery company spun out of the University of Liverpool, has closed a £4m pre-series A funding round to accelerate the commercial development of its inorganic crystalline materials discovery platform, combining deep experimental and materials characterization expertise with AI prediction.

The oversubscribed round was led by IP Group plc and supported by Northern Gritstone alongside the University of Liverpool Enterprise Fund and a syndicate of leading investors including Norrsken Evolve, LYVA Labs and the Northern Universities Venture Fund managed by Parkwalk, IP Group's EIS fund management business.

The funding, the largest investment secured by a newly formed University of Liverpool spin-out, will support the expansion of Matter Machine's technical and commercial team, further development of its technology expertise led, AI-powered discovery platform and engagement with commercial partners across multiple sectors.

Matter Machine is developing AI-powered materials discovery technologies designed to dramatically accelerate the identification and optimisation of novel materials, reducing the time and cost of innovation across industries, addressing the societal needs in energy and sustainability over the next decade.

Matter Machine combines world-leading expertise in materials chemistry, automated experimentation and machine learning to create a new approach to materials discovery. By enabling faster identification of high-performance materials, the company aims to help address some of the world's most significant technological and industrial challenges.

As part of the company's growth strategy, Dr Gordon Sanghera CBE, co-founder and former Chief Executive Officer of Oxford Nanopore Technologies plc, has joined Matter Machine to lead its commercialisation strategy. Dr Sanghera helped build Oxford Nanopore from inception through to its £3.4bn London Stock Exchange listing and brings extensive experience in scaling deep-technology businesses.

Dr Gordon Sanghera CBE said: "Materials innovation underpins progress across multiple sectors from energy to manufacturing and electronics. Matter Machine brings together exceptional scientific expertise, unique technology capabilities and a highly scalable commercial opportunity. I am excited to lead the company's development and growth."

Professor Matt Rosseinsky OBE FRS, Founder of Matter Machine, said: "The combination of advanced materials science and artificial intelligence creates a powerful opportunity to transform how new materials are discovered. Matter Machine has been established to unlock that potential, enabling faster innovation and delivering materials that can support advances across a wide range of industries."

Greg Smith, Chief Executive of IP Group, said: "Matter Machine brings together two exceptional forces in British innovation. The University of Liverpool's inorganic materials group's AI-powered discovery work could dramatically shorten the time required to develop new materials, accelerating innovation across batteries, catalysts and advanced manufacturing. Gordon Sanghera has already demonstrated his ability to build a globally significant deeptech company with Oxford Nanopore, a journey that IP Group was proud to support. Matter Machine exemplifies the kind of ambitious science-led company that IP Group was established to support, and we are delighted to lead this round."

Matter Machine is headquartered at the University of Liverpool's Materials Innovation Factory, a globally recognised centre for materials research and industrial collaboration. The company also contributes to the AI Materials Hub for Innovation (AIM-HI) programme, which is helping position the Liverpool City Region and the UK as a global leader in AI-enabled materials research and innovation.

The investment highlights Liverpool's growing position as a centre of excellence for science, innovation and company creation, building on the city's strengths in materials science, artificial intelligence and technology commercialisation. The university has a multi-year partnership agreement with Northern Gritstone, the investment and venture building company chaired by Lord Jim O'Neill, with Matter Machine marking the first investment since the partnership began.

Notes to editors:

About Matter Machine

Matter Machine is an AI-driven materials discovery company developing technologies that combine materials chemistry, machine learning and automated experimentation to accelerate the discovery and optimisation of next-generation materials. The company was founded to develop novel materials and is based at the Materials Innovation Factory in Liverpool, an £81m centre of excellence for advanced materials discovery co-created with Unilever.

For more information, please contact:

Notes for editors

About IP Group

IP Group accelerates the impact of science for a better future. As the most active UK based, early stage science and technology investor, we develop and support some of the world's most exciting businesses in healthtech, deeptech and cleantech. Including through Parkwalk, the UK's largest growth EIS fund manager, we back world-changing innovation emerging in leading universities and research institutions. Our specialist investment team combines sector expertise with an international approach. Together we have a strong track record of success, having backed high-profile companies including Oxford Nanopore Technologies plc, Hinge Health, Featurespace, First Light Fusion, Hysata, and Oxa. IP Group is listed on the Main Market of the London Stock Exchange under the code IPO.

For more information, please visit our website at www.ipgroupplc.com.

ENDS