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Mettle Capital and Peak XV Partners collaborate on a $20 million investment in AI startup Empirical Machines.

PRIVATEOct 17, 2026

Amount Raised

$20 Million

Round Type

Venture

IndiaBiotechnologyArtificial IntelligenceMachine Learning

Description

Mettle Capital has formed a partnership with Peak XV Partners to co-invest in Empirical Machines, raising $20 million. This investment marks Mettle Capital's first initiative since its founding earlier this year by former Peak XV partners. The round was upsized from $15 million following changes in the investor mix.

Quick answer

Empirical Machines raised $20 Million in a funding round, dated October 17, 2026. Empirical Machines is based in India.

How much did Empirical Machines raise?
Empirical Machines raised $20 Million in a funding round on October 17, 2026.
What does Empirical Machines do?
Empirical Machines is an AI startup focused on accelerating scientific discovery with applications around chemical compounds.
Where is Empirical Machines based and how big is it?
Empirical Machines is based in India.

Source: Fundz verified event record.

Who else raised in Biotechnology and Artificial Intelligence around the same time

Companies in the same sectors as Empirical Machines that raised within 45 days of this round, from Fundz verified event records.

  • Kardi Ai raised $5.9M (Series A) on November 11, 2026.
  • Alterra Labs raised $13M (Seed) on November 10, 2026.
  • Venomics AI raised $2.7M (Pre-Seed) on November 5, 2026.
  • Potential Sciences raised an undisclosed amount (Seed) on November 5, 2026.
  • Laza Medical raised $160M (Series B) on November 4, 2026.
  • Octopath AI raised $2M (Seed) on November 3, 2026.

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Company Information

Company

Empirical Machines

Location

India

About

Empirical Machines is an AI startup focused on accelerating scientific discovery with applications around chemical compounds. Founded by Shyamal Hitesh Anadkat, an ex-OpenAI researcher, the company works on bridging the gap between AI models and reliable real-world products. The startup is raising $15 million in its maiden institutional fundraise at an $80 million valuation.

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Empirical Machines raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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