What is Citrine Informatics?
Founded in 2013 and headquartered in Redwood City, California, Citrine Informatics offers a scalable, secure software platform designed to accelerate materials and chemical development. Leveraging cutting-edge machine learning and data management technology, the platform provides an intuitive interface for product developers, scientists, and data managers. Citrine Informatics aims to revolutionize how new materials and chemicals are discovered and brought to market by harnessing the power of data and AI, positioning itself as a key player in the digital transformation of R&D within the chemical and materials industries.
How much funding has Citrine Informatics raised?
Citrine Informatics has raised a total of $44.6M across 4 funding rounds:
Series A
$7.6M
Series B
$20M
Debt
$1M
Series C
$16M
Series A (2017): $7.6M with participation from Innovation Endeavors, AME Cloud Ventures, DCVC Management, Prelude Ventures, and XSeed Capital
Series B (2019): $20M led by Prelude Ventures, Next47, Moore Strategic Ventures, and Innovation Endeavors
Debt (2020): $1M supported by PPP
Series C (2023): $16M featuring Prelude Ventures, DRIVE Catalyst, Alumni Ventures, and Innovation Endeavors
Key Investors in Citrine Informatics
Innovation Endeavors
Innovation Endeavors is an early-stage venture capital firm that invests in visionary founders, transformational technologies and emergent ecosystems. 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.
Prelude Ventures
Prelude Ventures is an investment firm that focuses on supporting early-stage startups with significant potential to mitigate climate change. The company prioritizes various sectors including built environment, carbon management, compute, food and agriculture, energy, manufacturing, and mobility.
DRIVE Catalyst
DRIVE Catalyst is the venture capital arm of Far Eastern Group, focused on investing in innovative startups that aim to create a significant impact in various sectors. The company emphasizes sustainability and deep technology, supporting advancements in precision manufacturing, AI, robotics, and circular economy initiatives.
What's next for Citrine Informatics?
The recent major strategic investment in Citrine Informatics signals a pivotal moment for the company, likely enabling accelerated expansion of its platform capabilities and market reach. This capital infusion is expected to fuel further innovation in its AI-driven materials development solutions, potentially leading to new product offerings or enhanced features. The strategic nature of this financing suggests a focus on deepening partnerships, expanding into new industry verticals, or solidifying its competitive advantage in the rapidly evolving landscape of materials science and chemical engineering. Citrine Informatics is poised to further solidify its position as a leader in accelerating innovation through advanced data analytics and machine learning.
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