Citrine Informatics

Citrine Informatics

AI-driven platform for materials R&D

About Citrine Informatics

Simplify's Rating
Why Citrine Informatics is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Series C

Total Funding

$66.9M

Headquarters

Redwood City, California

Founded

2013

Overview

Citrine Informatics provides a software platform that uses artificial intelligence to assist in materials and chemicals research and development. Their main products include Citrine DataManager, which helps manage materials data, Citrine VirtualLab, which simulates and predicts material properties, and Citrine Catalyst, which optimizes R&D processes. These tools enable clients, such as product developers and materials engineers, to make better use of their data, leading to faster innovation and improved product performance. Unlike many competitors, Citrine focuses specifically on the advanced materials and chemicals sector, offering tailored solutions that enhance efficiency in product development. The goal of Citrine Informatics is to help organizations accelerate their innovation cycles and achieve superior results in their R&D efforts.

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Simplify's Take

What believers are saying

  • Citrine's $16M Series C funding shows strong investor confidence in its platform.
  • Partnerships like with Sion Power highlight Citrine's role in accelerating R&D processes.
  • Experienced executives like Scott Carlyle enhance Citrine's strategic growth and operations.

What critics are saying

  • Emerging AI-driven platforms could increase competition and erode Citrine's market share.
  • Rapid AI advancements may require significant investment for Citrine to stay competitive.
  • Economic downturns could reduce spending on R&D platforms, affecting Citrine's revenue.

What makes Citrine Informatics unique

  • Citrine Informatics specializes in AI-driven materials and chemicals R&D solutions.
  • The company offers a comprehensive AI SaaS platform for materials data management and simulation.
  • Citrine's platform includes tools like DataManager, VirtualLab, and Catalyst for R&D optimization.

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Funding

Total Funding

$66.9M

Below

Industry Average

Funded Over

6 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Figma
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Flexible Work Hours

Paid Holidays

401(k) Company Match

Paid Parental Leave

Company Equity

Phone/Internet Stipend

Professional Development Budget

Mentorship Program

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

3%

2 year growth

-4%
Iterators HQ
Nov 4th, 2024
Citrine Informatics -Implementation of MLOps Platform and Infusion of New Scala Developers

In summary, Iterato at Iterators take immense pride in partnering with Citrine Informatics, contributing to their journey to revolutionize materials informatics.

Business Wire
Sep 12th, 2023
Sion Power Partners with Citrine Informatics on Multi-Year Agreement to Accelerate Battery Technology Development Using AI-Assisted R&D

Sion Power partners with Citrine Informatics on multi-year agreement to accelerate battery technology development using ai-assisted R&D.

Business Wire
Jan 23rd, 2023
Citrine Informatics Appoints Cco Scott Carlyle | Business Wire

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Citrine Informatics is proud to announce the appointment of Scott Carlyle as Chief Customer Officer. Scott brings over 20 years of experience in selling and commercial operations to the team, and will be responsible for leading Citrine's sales, partnerships, customer engagement, and success strategy."We are thrilled to have Scott join the team at Citrine. His experience and expertise in commercial leadership will be invaluable as we continue to grow and scale our business," said Citrine CEO, Greg Mulholland.Scott joins Citrine from aPriori, where he served as Chief Revenue Officer. During his tenure, he helped grow the company over 400% and establish aPriori as the leading manufacturing simulation platform."I am excited to join the team at Citrine and to work with the company's innovative technology to help customers to reduce the time and investment to develop high performance sustainable materials," said Scott Carlyle.The Citrine Platform combines smart materials data infrastructure and AI, which accelerates development of cutting-edge materials, facilitates product portfolio optimization, and codifies research IP, enabling its reuse and preventing its loss. Citrine’s customers include LyondellBasell, Eastman, Ubiquitous Energy, Morrow Batteries, and some of the biggest and most respected names in the materials and chemicals industry in Asia, North America, and Europe.For more information about Citrine Informatics, please visit the company's website at http://citrine.io

Business Wire
Jan 23rd, 2023
Citrine Informatics Appoints Cco Scott Carlyle

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Citrine Informatics is proud to announce the appointment of Scott Carlyle as Chief Customer Officer. Scott brings over 20 years of experience in selling and commercial operations to the team, and will be responsible for leading Citrine's sales, partnerships, customer engagement, and success strategy."We are thrilled to have Scott join the team at Citrine. His experience and expertise in commercial leadership will be invaluable as we continue to grow and scale our business," said Citrine CEO, Greg Mulholland.Scott joins Citrine from aPriori, where he served as Chief Revenue Officer. During his tenure, he helped grow the company over 400% and establish aPriori as the leading manufacturing simulation platform."I am excited to join the team at Citrine and to work with the company's innovative technology to help customers to reduce the time and investment to develop high performance sustainable materials," said Scott Carlyle.The Citrine Platform combines smart materials data infrastructure and AI, which accelerates development of cutting-edge materials, facilitates product portfolio optimization, and codifies research IP, enabling its reuse and preventing its loss. Citrine’s customers include LyondellBasell, Eastman, Ubiquitous Energy, Morrow Batteries, and some of the biggest and most respected names in the materials and chemicals industry in Asia, North America, and Europe.For more information about Citrine Informatics, please visit the company's website at http://citrine.io

American Chemical Society
Jan 13th, 2023
Business Roundup

Dorf Ketal has acquired Canada’s Fluid Energy Group for an undisclosed sum.

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