Discovered Materials secured $9 million in seed funding, founded by Akash Ramdas who studied at IIT Madras and Stanford.
Key points
Education: B.Tech from IIT Madras; Master’s and PhD from Stanford University
Prior work: worked at Procter & Gamble
Funding: secured $9 million in seed funding
Sources
Anthropic Public Benefit Fund launches with 5% of shares
Anthropic creates the Anthropic Public Benefit Fund, a wholly owned entity for public benefit, funded initially with 5% of company shares. Employees are donating shares, and the fund will grow when the company’s value rises by 50% over a baseline.
Key points
Initial allocation: 5% of Anthropic’s shares to the fund.
Growth trigger: for every 50% increase in company value over a set baseline, additional shares can be allocated.
