Canvas Category: Software : Information Technology : Chemical
Citrine Informatics was founded in 2013 and since then has been laser focussed on AI for Materials and Chemicals. Working on projects across material types, formulations, specialty, and commodity chemicals; partnering with commercial, government and academic organizations, Citrine has gained a reputation as the world leader in this field. Awards from CB Insights, the World Economic Foundation, and the Clean Tech group, along with Series B funding from Prelude Ventures and Innovation Endeavors amongst others, and 3 technology patents have further secured Citrine’s position.
Closed-loop fully-automated frameworks for accelerating materials discovery
Our work shows that a fully-automated closed-loop framework driven by sequential learning can accelerate the discovery of materials by up to 10-25x (or a reduction in design time by 90-95%) when compared to traditional approaches. We show that such closed-loop frameworks can lead to enormous improvement in researcher productivity in addition to reducing overall project costs. Overall, these findings present a clear value proposition for investing in closed-loop frameworks and sequential learning in materials discovery and design enterprises.
Citrine Informatics Raises $16M in Series C Financing
Citrine Informatics, the leading provider of artificial intelligence software for materials, chemicals, and manufactured product development, announced the successful close of a $16 million Series C funding round. The round was led by Prelude Ventures and Innovation Endeavors, with participation from Drive Catalyst (Far Eastern Group), Alumni Ventures, ISAI Cap Venture, Presidio Ventures, and others.
This latest round of funding will be used to further accelerate the growth and development of Citrine’s AI-driven materials and chemical design platform, which is already in use by leading companies across materials, chemicals, formulated products, and manufacturing industries to improve the efficiency and effectiveness of their product development processes.