Citrine Informatics, a Redwood City, CA-based developer of a materials AI operating platform, raised $20M in Series B funding.
The round was co-led by Prelude Ventures and Innovation Endeavors with participation from Moore Strategic Ventures, Next47, and other investors.
The company intends to use the funds for support commercial growth of the Citrine Platform, the company’s core product, as well as for the expansion in business development and sales efforts in the United States, Europe, and Asia.
Led by Greg Mulholland, CEO, and Dr. Bryce Meredig, Chief Science Officer, Citrine Informatics provides an artificial intelligence (AI) operating platform that accelerates the materials development cycle by combining materials-specific data handling and storage, scalable compute for AI and data processing, along with modular composable AI units optimized to predict materials behavior.
The company’s technology has been deployed at some of the largest global chemicals and materials companies including Panasonic, LANXESS and BASF.