Funding · AI & Deep Tech

Novyte secures $500K pre-seed funding

By Startup Enthusiast · 4 February 2026

What they do

Novyte develops AI-powered platforms for discovering new chemical materials and advanced compounds

The company raised $500,000 in pre-seed funding from Theia Ventures, led by founder Ajaz Khan

Its AI models identified 39 new materials, with 24 validated as stable, a 68% hit rate versus the industry average of 5%

Novyte raised $500,000 in pre-seed funding to advance its deep-tech capabilities.
The investment was led by Theia Ventures, supporting the startup's growth trajectory.
Founder Ajaz Khan is a 23-year-old chemical engineer with a degree from ICT Mumbai.
The company focuses on material discovery using AI to accelerate scientific research outcomes.
Novyte has developed an AI platform that identifies new materials with high accuracy.
The startup recently won the Student Startup of the Year award for its innovation.
Early enterprise pilots are currently underway with potential clients in the specialty chemicals sector.
Plans include exploring a larger funding round around May-June 2026.

Novyte's AI models identified 39 new materials with a validation success rate of 68%.
This performance significantly outperforms the typical industry average hit rate of approximately 5%.

Novyte develops NovyteQ, an AI-powered R&D platform for specialty chemicals and advanced materials.
The platform is domain-agnostic and uses agentic AI to learn from experimental data.
It pulls context from academic literature and provides live citations for verified information.
NovyteQ offers synthesis pathways and next-experiment recommendations to guide researchers effectively.
The system optimizes competing properties and predicts failures before physical testing occurs.
It includes scale-up analysis with physics-validated thermal and economic projections.
A secondary product called Novyte ψ (Psi) sits on top of NovyteQ.
Novyte ψ functions as a quantum chemistry and inverse design engine.
The main product launch is expected within two months from February 2026.

Novyte plans to explore a larger funding round around May-June 2026.
The company expects to launch its main product within two months of February 2026.
Early enterprise pilots are currently underway to test market reception.