Cosmos Innovation, a company that relies on its AI platform called Mobius for "revolutionizing the approach to solar and semiconductor process development", has announced raising $19.7 million in total funding. The funding will support the company's different approach to developing perovskite silicon tandem solar cell technology.
The funding coincides with Cosmos Innovation's unveiling of Mobius, its pioneering AI recipe optimization platform. Mobius has reportedly been demonstrated across various sectors, including solar, silicon carbide, advanced data center chips and advanced packaging. This platform fuels Cosmos Innovation's ambitious endeavor: construction of the world's first self-learning fab in the solar and semiconductor space.
The Series A round was led by Xora Innovation, an early-stage, deep-tech investment platform of Temasek, a global investment company headquartered in Singapore. Other investors joining the round include Innovation Endeavors, which led the seed round; Two Sigma Ventures; DeepMind CEO Demis Hassabis; noted MIT professor Tomaso Poggio, a founder of computational neuroscience; Richard Socher, leading natural language processing (NLP) researcher, CEO of You.com and managing partner at AIX Ventures; and Western Technology Investments, one of the leading venture debt funds in Silicon Valley.
Cosmos Innovation says that it is already seeing remarkable results from the Mobius platform. The company claims to have demonstrated a 10x acceleration in process recipe development time and step-function improvements in target performance metrics with leading semiconductor companies. Mobius can potentially discover a combination of materials, processes and architectures that yields the most efficient solar cells in a fraction of the time and at a fraction of the cost of conventional methods.
"Mainstream silicon solar technology is reaching its technological limits. Our innovative AI process optimization platform enables us to accelerate the once-in-a-lifetime platform shift to perovskite silicon tandem technology in the solar industry," said Vijay Chandrasekhar, CEO and co-founder, Cosmos Innovation. "Our use of AI-driven experimental design will enable Cosmos Innovation to arrive at the optimal solution with far fewer experiments. This approach will enable us to build highly efficient, cost-effective solar cells in a much shorter time, which is key to meeting the ambitious net zero targets being set around the world."
