About GenMat
GenMat is a company based in Austin (United States) founded in 2021 by Deep Prasad was acquired by Comstock in October 2024. GenMat offers products and services including ZENO. GenMat operates in a competitive market with competitors including PhaseCraft, PASQAL, HQS Quantum Simulations, BosonQ Psi and CuspAI, among others.
- Headquarter Austin, United States
- Founders Deep Prasad
- SectorsIndustrial Goods & ManufacturingTechnology
- Email••••••••
- Phone•••• ••••
- Website genmat.xyz
- Social LinkedIn X
- Acquired by Comstock (Oct 2024)
- Investors
- Acquired byComstock
(Oct 2024)
Products & Services of GenMat
GenMat offers a comprehensive portfolio of products and services, including ZENO.
AI platform for simulating and discovering advanced materials efficiently.
Investors in GenMat
GenMat has secured backing from 1 investor. Prominent investors backing the company include Comstock Inc.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Comstock Inc. is focused on commercializing decarbonization technologies. | 2003 | comstock.inc | Storey County, United States |
Investor details for GenMat
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People of GenMat
2 people are tracked at GenMat (2 in leadership).
| Name | Role | Group |
|---|---|---|
Deep Prasad | Founder & CEO | Leadership |
Tristan Mentec | Director | Leadership |
Complete people profiles for GenMat
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Timeline of GenMat
2 dated milestones of GenMat across 3 years, from founding to its latest funding, stage changes and deals.
- Founded GenMat is founded.
- Exit Acquired by Comstock.
Competitors of GenMat
GenMat operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PhaseCraft, PASQAL, HQS Quantum Simulations, BosonQ Psi and CuspAI, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phasecraft.io | 2019 | Bristol, United Kingdom | $56.42M | 13 | Quantum simulation systems are provided for materials and chemical reactions. | |
| pasqal.com | 2016 | Paris, France | $139.23M | – | Developer of neutral atom quantum computers, offering hardware, cloud access, and software. | |
| quantumsimulations.de | 2017 | Karlsruhe, Germany | $16.15M | 29 | Quantum simulation software for chemical and pharmaceutical sectors is provided. | |
| bosonqpsi.com | 2020 | Bhilai, India | $3.55M | – | Provides quantum algorithms for faster simulations in aerospace and defense sectors. | |
| cusp.ai | 2024 | Cambridge, United States | $130M | – | AI-enabled platform for materials research and applications | |
| goodchemistry.com | 2021 | Vancouver, Canada | – | – | AI and cloud-powered quantum simulations for chemicals are provided. | |
| x-t.ai | 2019 | Latvia | – | – | AI-based design software is provided for industrial manufacturing processes. | |
| materialsnexus.com | 2019 | Cambridge, United Kingdom | $2.57M | 4 | AI-powered quantum simulation platform is developed for material discovery. | |
| multiscale.tech | 2020 | Atlanta, United States | $18.58M | – | AI-based platform for material planning in manufacturing sector is offered. |
Detailed competitors of GenMat
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Web traffic of GenMat
The website of GenMat (genmat.xyz) receives about 4.8K visits a month.
- Monthly visits4.8K
▲ 187.3% vs previous month
Latest news on Genmat
Complete news archive for GenMat
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Similar companies to GenMat
10 companies that operate in the same segment as GenMat (Materials Equipment & Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Technology tools and systems for molecular scale are developed. | 1959 | Abingdon, Oxfordshire, United Kingdom | – | USD 648.1 M | – | |
Schrödinger is recognized for developing physics-based software platforms for molecular discovery. | 1990 | New York, New York, United States | USD 162 M | USD 255.87 M | 891 | |
Tech-interfaced procurement marketplace is operated for metal manufacturers. | 2017 | Kolkata, West Bengal, India | USD 17.19 M | USD 22.11 M | 48 | |
Retailer of various steel products including mild, stainless, and structural | 2020 | Mumbai, Maharashtra, India | USD 91.54 M | – | – | |
Provider of B2B platform for raw material procurement and credit access | 2015 | Ahmedabad, Gujarat, India | USD 776.04 M | USD 1.88 B | 940 | |
Critical minerals are recovered from e-waste via electro-extraction technology. | 2017 | Knoxville, Tennessee, United States | USD 65.23 M | – | – | |
Provider of AI-based solutions for materials informatics | 2013 | Redwood City, California, United States | USD 81.26 M | – | 53 | |
Zhaogang is recognized as a leading steel e-commerce platform. | 2012 | Shanghai, China | USD 393.8 M | – | – | |
Digital microscopes for pathology and telepathology are developed. | 2014 | Thane, Maharashtra, India | USD 1.71 M | USD 229.8 K | 21 | |
Novi is focused on enhancing AI-driven shopping experiences. | 2019 | Larkspur, Colorado, United States | USD 51.65 M | – | 16 |
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Frequently Asked Questions about GenMat
GenMat was founded in 2021.
GenMat is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Deep Prasad is the current CEO of GenMat. They have also founded this company.
GenMat was founded in 2021 in Austin, United States, focusing on materials engineering. AI and quantum computing are applied to develop an ecosystem of solutions and technology. Clients are enabled to conduct materials discovery through quantum-empowered tools. Operations center on integrating these technologies for engineering advancements in the sector.
GenMat's top competitors include HQS Quantum Simulations, CuspAI and PASQAL.
GenMat has 1 investor. Key investors include Comstock Inc.
Yes. GenMat was acquired by Comstock in October 2024.