Orbital Industries, a startup using AI to design advanced materials, has raised a $50 million Series B funding round led by the venture capital firm Plural. Nventures, the venture arm of AI chip company Nvidia, which had previously invested in Orbital, joined the round along with other prior investors Radical Ventures, Compound and Fly Ventures.
The company, which has offices in London and San Francisco, recently rebranded from Orbital Materials. It said the new capital will scale commercial deployment of its first two products—both of which are aimed at the data center industry—and grow its 50-person team. It also plans to develop its AI platform for industrial applications beyond data centers.
