Citrine Informatics Raises $7.6 Million

Artificial intelligence startup Citrine Informatics announced it has secured $7.6 million in Series A financing. Innovation Endeavors, Prelude Ventures, AME Cloud Ventures, Data Collective, and XSeed Capital participated in the funding.

Citrine’s machine learning-based platform mines vast quantities of data about materials, chemicals, and processes to help users reach research, design, and manufacturing goals in half the time of conventional processes.

In its announcement, the company said it will use the funding to accelerate its early successes with Fortune 1000 customers.

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