The problem
New materials take 10-20 years to go from lab to industry
What they do
AI scientist plus autonomous labs to discover new materials, starting with semiconductors
Traction Headcount ~4x in a year; reported in talks at $7-7.5B valuation (Forbes, May 2026); no revenue disclosed
Hiring trend
- Open roles
- 34
- Ops roles
- 2
- Headcount
- ~80
20+ staff at launch (Oct 2025) to ~80-90 (Harmonic/Tracxn)
Hiring in
- Menlo Park
- Montréal
- Remote
Funding
- Last round
- $300M
- Stage
- Seed
- Date
- Sep 2025
Led by Andreessen Horowitz
- Hiring+234 open roles on the live job board (30+ roles = +2)
- Funding recency+1Seed · $300M, Sep 2025 (13 months ago): 12–24 months = +0.5, $100M+ round +0.5
- Traction+1.5Strong growth: Headcount ~4x in a year; reported in talks at $7-7.5B valuation (Forbes, May 2026); no revenue disclosed
- Red flags0None found in the last 24 months
- Total4.52 + 1 + 1.5 − 0 = 4.5 → Race (4.25–4.74)
Distance (Unproven) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Unproven · edge: learns from use
Proprietary lab data could compound, but discoveries and revenue aren't public yet.
Sources: Mercury News/Bloomberg: Periodic Labs $7B talks (Mar 2026) ↗
Last checked Oct 25, 2026