Citrine Informatics Raises $16M in Series C Financing

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 company intends to use the funds to further accelerate the growth and development of its AI-driven materials and chemical design platform. 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.