Novyte Materials Raises Rs 4.15 Crore to Speed up AI-Led Material Discovery
- Novyte raises Rs 4.15 crore pre-Seed round led by Theia Ventures, with backing from angel investors
- Funds to strengthen the AI platform and support early industry pilot projects
- Aims to enable faster and more cost-effective discovery of advanced materials
AI-driven material discovery startup Novyte Materials has raised Rs 4.15 crore in a pre-Seed funding round led by Theia Ventures, an early-stage fund focused on AI, deeptech, energy transition, and decarbonization. The round also saw participation from Sandesh Paturi, Co-founder of Venwiz, and Niharika Jain, Director at Chemvera.
Novyte plans to use the fresh capital to advance its AI-powered materials discovery platform and support early pilot projects with industry partners. The goal is to make the discovery and development of new materials faster, more collaborative, and far less resource-intensive.
Material innovation is often slow and expensive, with traditional R&D taking years or even decades due to trial-and-error testing, fragmented lab data, and weak links between simulations and real-world validation. Novyte aims to fix this gap using generative AI combined with physics-based simulations, enabling faster design, validation, and even reverse engineering of materials.
The startup’s platform has potential applications across composites, aerospace, advanced manufacturing, and specialty chemicals, helping industries develop high-performance and sustainable alternatives at lower costs.
Commenting on the investment, Priya Shah, Founder and GP at Theia Ventures, said Novyte’s technology can replace years of lab work with intelligent, AI-led design and real-time validation, unlocking faster innovation across critical sectors.
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Ajaz Khan, Founder and CEO of Novyte Materials, said current innovation is limited by the materials available today. By decoding complex chemical interactions through AI, Novyte is turning materials discovery into a scalable and predictable engineering process.
Incubated at ICT-NICE, the innovation hub of the Institute of Chemical Technology, Mumbai, Novyte works closely with ICT’s research ecosystem while building its own R&D and synthesis lab. Initially, it will partner with specialty chemicals, polymers, paints, adhesives, and coatings companies.
This marks Theia Ventures’ fourth investment from its new fund, which announced its first close in October 2025.
