Cosmos Innovation raised $19.7 M Series A funding from Xora Innovation, Temasek
Cosmos Innovation, a leader in artificial intelligence (AI) and developer of the next-generation PST solar cell technology, disclosed that it had raised a total of $19.7 million.
In a statement, Cosmos Innovation said that Temasek, a global investment firm with its headquarters in Singapore, led the Series A round, which was led by Xora Innovation, an early-stage, deep-tech investment platform.
Innovation Endeavors, which led the seed round, Two Sigma Ventures, DeepMind CEO Demis Hassabis, renowned MIT professor Tomaso Poggio, a pioneer of computational neuroscience, Richard Socher, a leading expert in natural language processing (NLP), Chief Executive Officer of You.com and Managing Partner at AIX Ventures, and Western Technology Investments, one of the top venture debt funds in Silicon Valley, are among the investors who have joined the round.
The funding, according to the announcement, will support the company’s fundamentally unique strategy for creating perovskite silicon tandem solar cell technology.
The funding comes as Cosmos Innovation introduces Mobius, the first platform for artificial intelligence-based recipe optimization in the market.
Mobius has been demonstrated in a number of industries, including silicon carbide, advanced data center chips, advanced packaging, and solar.
The construction of the first self-learning fab in the solar and semiconductor industries, a bold initiative by Cosmos Innovation, is made possible by this platform.
Cosmos Innovation is reimagining the historically manual, trial-and-error-based development process for semiconductors by using AI to optimize and hasten the experimental design, test, and iterate loop.
The business is at the forefront of utilizing AI to create physically based, science-based technologies that are radically superior.
The world’s first self-learning fab will be built by Cosmos Innovation in this area, and the company anticipates that its strategy will produce perovskite silicon tandem solar cells that perform at the top of their class.
PST, which has the potential to outperform pure silicon, the current industry standard, has drawn attention from the solar industry, claims the statement.
However, it claimed that in order to commercialize this innovative design, significant obstacles must be overcome.
In particular, the multilayer architecture generates countless design variations, making it time-consuming and expensive to find the best “recipe” for maximum cell efficiency and stability.
According to the statement, Cosmos Innovation is using Mobius to fully utilize perovskite silicon tandem technology.
The goal of Cosmos Innovation is to create the most affordable, high-efficiency solar cells in the world using cutting-edge AI.
It is stated that the Mobius platform is already producing outstanding results for Cosmos Innovation.
With top semiconductor companies, the company has demonstrated a ten-fold acceleration in process recipe development time and step-function improvements in target performance metrics.
The fact that Mobius can find a combination of components that produces the most effective solar cells in a smaller amount of time and at a lower cost than traditional techniques is also noted.
