July 24, 2017
By Courtney Linder
Citrine Informatics, a Redwood City, Calif.-based artificial intelligence platform for next-generation materials and chemicals, announced Monday it has opened an office in Bakery Square, the company’s first expansion outside of Silicon Valley.
Citrine uses algorithms to combine internal information from a given company on its experimental data, alongside publicly accessible academic journals to help them find the quickest solutions in developing materials or chemicals.
Through that artificial intelligence platform, Citrine creates a stream of predictive analysis data that has potential to revolutionize research and development.
In early June, the company raised $7.6 million in a Series A seed funding round from a group of investors hoping to bring Citrine’s proprietary material science approach to market more quickly to transform industries using archaic chemicals and alloys in production.
Crunchbase, a portal where companies can self-report equity, lists the company’s total funding at $16.36 million from three separate rounds and eight investors, though not all specifics of the deals are disclosed.
The move places Citrine nearby the likes of Google and TechShop, a maker space slated to close at the end of September, which has served as an unofficial incubator for startups working out of the coworking tech and design space.
“Our new Pittsburgh office allows us work more closely with some of our most important customers, helping them to accelerate product development using breakthrough artificial intelligence,” Greg Mulholland, CEO of Citrine Informatics, said in a release.