Citrine Informatics Raises $20M in Series B Funding
Summary
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Citrine Informatics, the developer of the first materials artificial intelligence (AI) operating platform, announced today $20M in Series B funding. The financing will help support commercial growth of the Citrine Platform, the company’s core product, as well as the expansion in business development and sales efforts in the United States, Europe, and Asia. We are proud to partner with investors who share our mission to push the industry forward and to continue to enable the next generation of sustainable innovation.” Citrine was founded by a team of seasoned materials scientists. Citrine’s approach - combining new and under-leveraged sources of data, advanced computation, and engineering - dramatically reduces the time and cost of materials development in an industry ripe for change,” said Scott Brady, Partner at Innovation Endeavors. The firm’s central investment thesis, the Super Evolution, combines data, leading-edge computation, and advanced engineering to transform industries, from agriculture and logistics to life sciences, transportation and more.
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