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Ares Materials

Dallas, US · Founded 2015 · 4 known investors

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Ares Materials develops optical polymers for the display industry, using a proprietary chemistry and AI/machine learning platform to create advanced formulations. Its materials target display components such as films, coatings, and adhesives for devices including mobile phones, foldables, tablets, automotive, transparent displays, and AR/VR.

AI & Machine LearningDeep TechNew Materials

Founders & leadership

Ares Materials was founded in 2015 by Adrian Avendano and David Arreaga.

AAAdrian Avendano
Adrian AvendanoChief Product Officer / FounderAdrian Avendano completed a Ph.D. in Materials Science and Engineering at the University of Texas at Dallas, with dissertation research on flexible electronics and thin film transistors. He has prior industrial experience as an intern at General Electric and brings expertise in materials science, electronics fabrication, and characterization.
DADavid Arreaga
David ArreagaCo-founder & CEODavid Arreaga is CEO of Ares Materials, which develops optical polymers and advanced materials formulations for displays and consumer electronics using computational chemistry and machine learning.
HJHyun Joong Kim
Hyun Joong KimChief Marketing Officer

Investors · 4

L'ATTITUDE Ventureslisted by L'ATTITUDE VenturesLos Angeles · $1M – $3M
Moneta Ventureslisted by Moneta VenturesFolsom · $1M – $5M

How we know: Moneta Ventures's portfolio page · the VCSheet dataset · Not right? Tell us

SV Latam Fundlisted by SV Latam FundSan Franciscovia Consuelo Valverde · inferred

How we know: SV Latam Fund's portfolio page · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$219K disclosed across 1 round · 2015

▶$219KraisedJan 2016 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Adrian AvendanoExecutive Officer, Director
  • David ArreagaExecutive Officer, Director
Amount sold
$219K
Minimum investment
$20K
Proceeds to insiders
$60K
First sale
Dec 2015
Incorporated
Corporation, Delaware, 2015
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 2

Ares InteractiveAres Interactive is a game developer and publisher, founded in 2024, that builds and operates free-to-play games for global audiences. It also provides publishing and live operations support to external development partners and IP holders bringing titles to market.
Ares IndustriesAres Industries designs and manufactures precision missiles (Maverick and Goose) for military defense, built at volume with five-figure unit costs for use by the U.S. and allied forces.

Companies working in the same space as Ares Materials.

Non-dilutive funding · 3 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. Air ForceAir ForcePhase I2020$50K
National Science FoundationPhase II2019$750K
National Science FoundationPhase I2017$225K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does Ares Materials do?
Ares Materials develops optical polymers for the display industry, using a proprietary chemistry and AI/machine learning platform to create advanced formulations. Its materials target display components such as films, coatings, and adhesives for devices including mobile phones, foldables, tablets, automotive, transparent displays, and AR/VR.
Who founded Ares Materials?
Ares Materials was founded by Adrian Avendano, David Arreaga in 2015.
Who are Ares Materials's investors?
Ares Materials's investors include Endurance28, L'ATTITUDE Ventures, Moneta Ventures, SV Latam Fund.
How much funding has Ares Materials raised?
Ares Materials has disclosed $219K raised across 1 round.
Where is Ares Materials headquartered?
Ares Materials is headquartered in Dallas, US.