Solvay Ventures invests in Artificial Intelligence with Silicon Valley’s Noble.AI
San Francisco, March 15, 2019 --- Solvay has invested in Noble.AI, a leading developer of software that helps R&D organizations speed up their innovation efforts. Noble’s software, which incorporates physics-based principles into an artificial intelligence engine, will enable Solvay to accelerate its innovation.
Solvay research activities generate huge volumes of data from both the company’s numerous labs across the world and from external sources. Using Nobel.AI tools will enable the creation of high-quality data assets that can be turned into smart recommendations that are viable in the real world.
“Noble.AI has the potential to be a real game changer for Solvay in the way it enables us to utilize data from our 150 year history with new AI tools, resulting in a unique lever to accelerate our innovation,” said Stéphane Roussel, Solvay Ventures Managing Director.
The investment in San Francisco-based startup Noble.AI was made through Solvay Ventures, which invests in breakthrough technologies in advanced materials and formulations. Solvay is increasingly leveraging digital technology to solve scientific problems in a range of fields.
“Working with Solvay has been an extraordinary experience. Innovation is occurring there on so many levels, and Solvay’s focus on data quality and access as the foundation for future AI efforts is very forward looking," said Matthew C. Levy, CEO and co-founder of Noble.AI.
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Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers worldwide in many diverse end markets. Its products are used in planes, cars, batteries, smart and medical devices, as well as in mineral and oil and gas extraction, enhancing efficiency and sustainability. Its lightweighting materials promote cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 27,000 employees in 62 countries. Net sales were €10.3 billion in 2018, with 90% from activities where Solvay ranks among the world's top 3 leaders, resulting in an EBITDA margin of 22%. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris Bloomberg: SOLB.BB - Reuters: SOLB.BR), and in the United States its shares (SOLVY) are traded through a level-1 ADR program. Financial figures take into account the planned divestment of Polyamides.
Noble.AI focuses on building AI tools that lower the cost of enterprise R&D. It partners with R&D organizations to accelerate their process of innovation, and help them bring products to market more quickly and smartly. By structuring and centralizing access to data, and automatically ruling out experiments that could never occur in the real world, the Noble platform enables R&D teams to work with vastly higher productivity, facilitating breakthrough innovation.