Citrine Informatics, a Redwood City, CA-based provider of artificial intelligence software for materials, chemicals, and manufactured product development, raised $16M in Series C funding.
The round was led by Prelude Ventures and Innovation Endeavors, with participation from Drive Catalyst, Alumni Ventures, ISAI Cap Venture, and Presidio Ventures.
The company intends to use the funds to further accelerate the growth and development of its AI-driven materials and chemical design platform.
Led by CEO Greg Mulholland, Citrine Informatics is a provider of a materials informatics platform for data-driven and chemicals development. The platform uses materials-specific data infrastructure and machine learning workflows to design, modify, and optimize products for specific applications. This domain-specific approach works well on small, sparse datasets common in product development, and Citrine’s customers span a range of industries including specialty chemicals, CASE (coatings, adhesives, sealants, and elastomers), batteries & energy, CPG, food & beverage, metals & alloys, and aerospace. The list includes LyondellBasell, Eastman, Ubiquitous Energy, LANXESS, and some of names in the materials and chemicals industry in Asia, North America, and Europe.
FinSMEs
05/01/2023