Ares Materials closes $12M Series B first tranche - Oct 2025 Led by Black Diamond Ventures with Moneta, L'Attitude, 1200VC & Hunt Holdings Pylux platform: AI + thiol-click chemistry Solvent-free, PFAS-free adhesives & films Up to 90% lower CO2 vs incumbent materials +Pylux MCW targets foldable displays UT Dallas spin-out - HQ in Plano, Texas Ares Materials closes $12M Series B first tranche - Oct 2025 Led by Black Diamond Ventures with Moneta, L'Attitude, 1200VC & Hunt Holdings Pylux platform: AI + thiol-click chemistry Solvent-free, PFAS-free adhesives & films Up to 90% lower CO2 vs incumbent materials +Pylux MCW targets foldable displays UT Dallas spin-out - HQ in Plano, Texas
Company Profile · Advanced Materials

Ares Materials.

The Plano, Texas company teaching artificial intelligence to design the polymers inside the world's foldable and flexible screens.

Founded 2016 Plano, Texas ~33 employees Series B B2B Materials
Ares Materials logo mark
The Ares mark, rendered in the company's own optical clarity. Ares Materials, Inc. - named for the Greek god of war, built for materials meant to endure the bend, the fold and the roll.

The Dispatch

A materials company that starts with an algorithm, then heads to the lab

The plastic layers inside a modern display - the clear films, the adhesives that hold panels together, the hard coatings that resist scratches - mostly descend from chemistry invented decades ago. Ares Materials, Inc. was built on a wager that those materials can be reinvented, and that the fastest way to do it is to let machines propose the recipes.

Founded in 2016 as a spin-out from the University of Texas at Dallas, Ares develops what it calls AI-designed optical polymers. Its work sits at an unglamorous but decisive layer of consumer electronics: the physical materials that decide whether a foldable phone creases, whether a rollable screen fatigues, and whether an AR lens stays clear after a year in a pocket.

The company's answer is a platform it named Pylux. It pairs materials informatics - machine-learning models trained specifically on polymer chemistry - with thiol-click chemistry, a reaction family that lets Ares cure films with ultraviolet light instead of solvents. The model narrows a vast space of candidate formulations; an in-house lab in Plano confirms the few that matter. Prediction and beaker, working in a loop.

The result is a portfolio aimed at the flexible-electronics era: transparent substrates that stay clear while they bend, adhesives that bond without solvents, coatings that harden under UV, and a monolithic cover window built for foldable displays.

$12M
Series B first tranche
4
Countries with labs / offices
<1µm
Panel alignment precision
~90%
Claimed CO2 reduction
Advancing humanity's future with sustainable materials to power the digital evolution.
- Ares Materials, company mission
Products & Services

What Pylux actually ships

Ares is a B2B supplier. It sells and co-develops proprietary polymers with display makers and electronics manufacturers, organized around one platform and four material families.

Platform · 2019

Pylux

The all-encompassing technology platform uniting AI-driven materials informatics with thiol-click chemistry to design advanced optical polymers.

Substrates · 2018

Pylux Substrates

Transparent polymer substrates combining optical clarity with high surface hardness and flexibility for flexible and rollable displays.

Adhesives · 2020

Pylux Adhesives

Solvent-free, PFAS-free optical adhesives offering tack-free bonding, mechanical strength and near-zero shrinkage.

Coatings · 2021

Pylux Coatings

Room-temperature or UV-cured hard coatings that deliver high hardness with low shrinkage for display surfaces.

Cover Window · 2025

+Pylux MCW

A monolithic cover window material for foldable displays - a primary focus of the Series B scale-up.

Process · 2018

Easybond

A mechanical lift-off technology introduced for flexible OLED production.

The Difference

Where Ares parts ways with the incumbents

Established display-materials suppliers - names like SKC, Sumitomo Chemical, Kolon, Toray and DuPont - largely optimize known polyimide and film chemistries. Ares takes a different route on two fronts at once.

The method. Rather than iterating one formula at a time, Ares runs machine-guided, high-throughput experiments. Its models are trained specifically for polymer science and paired with in-house data generation and molecular simulation, compressing years of trial-and-error into targeted searches.

The chemistry. By building on thiol-click reactions and UV curing, Ares removes solvents and PFAS from the process - and claims up to a 90% CO2 reduction versus incumbent technologies. The pitch is that cleaner and better can point the same direction, so adoption isn't a sustainability concession.

Market & Customers

Who buys it, and where it fits

The customers

Display panel makers, OLED and flexible-electronics manufacturers, and consumer-electronics OEMs. The end products span foldable phones, AR/VR devices, wearables, automotive displays and rollable or architectural electronics - primarily large B2B accounts across the US and Asia.

The market position

Ares sits at the materials layer of the display supply chain - upstream of the panel, decisive to its performance. Its distributed footprint mirrors that market: a polymer lab in Plano, a virtual chemistry lab in Guadalajara, and business development in Seoul and Tokyo, close to the world's display manufacturing.

The problems it solves

Flexible electronics demand a material that is clear, hard and bendable at once - a combination traditional chemistry struggled to deliver. Ares targets the crease, the fatigue and the scratch, while cutting the solvents and PFAS that make legacy processes dirtier.

The business model

A B2B advanced-materials supplier: develop and manufacture proprietary polymers, then sell or co-develop them with manufacturers through strategic partnerships and joint development - supplemented by government/SBIR-backed research funding.

The Raise · October 2025
$12 million to scale a monolithic cover window for foldable displays and commercialize solvent-free, PFAS-free adhesives and films.
- Series B first tranche, led by Black Diamond Ventures
Timeline

From a UT Dallas lab to Series B

2015

Research spun out of UT Dallas

David Arreaga and Adrian Avendano begin commercializing flexible-electronics materials research from the University of Texas at Dallas.

2016

Ares Materials incorporated

The company is formally founded in Plano, Texas after securing venture capital.

2018

Easybond and Pylux substrates

Ares introduces a mechanical lift-off technology for flexible OLED production and its substrate work.

2020

Machine learning integrated

Ares adds a machine-learning platform to accelerate polymer development cycles and formulation precision.

2025

$12M Series B first tranche

Black Diamond Ventures leads a $12M raise to scale +Pylux MCW and commercialize PFAS-free adhesives and films.

The Founders

Researchers who decided the lab wasn't the finish line

David Arreaga, Ph.D. - Co-founder & CEO. With a doctorate in materials science and engineering from UT Dallas, Arreaga focused his research on tunable mechanical properties for bendable, rugged electronics before turning it into a company.

Adrian Avendano, Ph.D. - Co-founder & COO. Co-originated the research addressing a gap in microelectronics: the lack of adjustable mechanical properties without sacrificing optical performance.

The leadership team also includes marketing lead Hyun Joong Kim and specialists across data, process development and computational chemistry - reflecting the company's stated value of empowering overlooked technical talent.

Watch

Demos & interviews

Pylux Polysulfide Polymers for Flexible ElectronicsYouTube · product overview David Arreaga & Ares Materials interviewsYouTube · search results
Questions

Frequently asked

What does Ares Materials make?

AI-designed optical polymers - films, adhesives, substrates, coatings and cover windows - used in flexible and foldable displays and other consumer electronics.

What is Pylux?

Pylux is Ares Materials' technology platform that combines materials informatics (AI/ML) with thiol-click chemistry to design and formulate advanced polymers.

Where is Ares Materials located?

It is headquartered in Plano, Texas, with a virtual chemistry lab in Guadalajara, Mexico and business development in Seoul, Korea and Tokyo, Japan.

Who founded Ares Materials and when?

It was co-founded by David Arreaga (CEO) and Adrian Avendano (COO) as a University of Texas at Dallas spin-out, incorporated in 2016.

How much funding has Ares Materials raised?

The company reports about $16.5M in total funding, including a $12M first tranche of a Series B round led by Black Diamond Ventures in October 2025.

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Profile compiled from public sources including Ares Materials' website, OLED-Info, Crunchbase and PitchBook. Figures such as revenue and CO2 reduction are company-stated or estimated and marked approximate where noted.