Good Info from Circular5 Jan 2022 11:48
DeepMatter is a big data and analysis company focused on enabling reproducibility and predictability in
chemistry. DeepMatter develops hardware and software to deliver applications resulting in new optimised
chemicals in areas that are commercially significant for the Group such as pharmaceutical research, fine
chemicals, scientific publications and teaching.
DeepMatter's long term strategy is to integrate chemistry with technology, thereby enabling a greater use
of artificial intelligence and reaching a point where chemicals can be autonomously synthesised through
robotics. In the near term this involves the provision of an integrated software, hardware and artificial
intelligence enabled platform, DigitalGlassware™, to scientists across research and process
development sectors.
DigitalGlassware™, is a cloud-based software, proprietary hardware and machine learning-enabled
platform which eradicates reproducibility issues. Experiments are accurately and systematically recorded,
coded and entered into a shared data cloud, allowing scientists to collaborate effectively, sharing details
of their experiments from anywhere and in real-time.
DeepMatter operates in a growing market with CAGR of 4.7 per cent. from 2021 to 2028 - driven by
technology (digitalisation), compliance and economic necessity. Estimates suggest the market size of
this market is as follows:
• $486bn generated annually by the business of chemistry;
• $10bn invested in R&D by chemical companies in 2020; and
• $27bn in capital investments in the business of chemistry 2020.
The Group’s interim results published on 22 September 2021 highlighted the increase in commercial
traction with active users up 47 per cent and customers up to approximately 37. It stated that DeepMatter
is also working with five of the 20 largest pharmaceutical companies. Revenue increased to £0.6m and
the Group saw a strengthened sales pipeline and continued growth in users and trials. As at 30 June
2021, DeepMatter had cash of £1.8m.
As announced on 17 December 2021, DeepMatter is now in advanced discussions to provide its
DigitalGlassware® platform and data to Standigm Inc., a leading workflow artificial intelligence (AI) drug
discovery company, based in South Korea with an increasing international footprint. Based on current
discussions, the agreement is expected to generate mid six-figure revenue in the first 12 months. The
Group expects to now finalise the agreement in early 2022
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As stated before great product and in a better commercial customer position than last 1.50 placing July 2020