Undisclosed · Industrial tech
Chemelex makes minority investment in Algo8
The investment builds on Chemelex’s existing use of Algo8 software and adds its chief executive to Algo8’s advisory board.
A customer relationship becomes an investment
Chemelex’s April 16, 2026 announcement combines a minority investment with closer industrial collaboration. The companies already worked together commercially; the new backing gives Algo8 capital for product development and access to Chemelex’s global manufacturing base.
Chemelex chief executive David Prystash will join Algo8’s Board of Advisors. The announcement positions the relationship around wider deployment in manufacturing, linking the investor’s operating facilities to the software company’s development plans. Financial terms were not disclosed.
Funding history
Undisclosed · This roundUndisclosed