Citrine Informatics, a Redwood City, Calif.-based chemicals and materials artificial intelligence (AI) platform, closed a $7.6m Series A funding.
The round was led by Eric Schmidt’s Innovation Endeavors, DCVC (Data Collective), and Prelude Ventures with participation from Jerry Yang’s AME Cloud Ventures and XSeed Capital. In conjunction with the funding, Scott Brady from Innovation Endeavors and Mark Cupta from Prelude Ventures have joined the Citrine Board.
The company will use the funding to accelerate growth and customer adoption.
Led by Mr. Greg Mulholland, CEO, Dr. Bryce Meredig, Chief Science Officer, and Dr. Kyle Michel, Chief Technology Officer, Citrine combines AI with a large materials database to accelerate the product development cycle and bring products to market faster by providing a data-driven approach to predict and optimize materials behavior.
The platform leverages experimental data both from sources internal to companies and from academic sources and journals. This enriched data then feeds AI systems that can create new materials quickly.