Friday, May 27, 2016 5:16:00 AM PDT | VentureDeal
Redwood City, California -- Software developer Citrine Informatics has received $8.7 million in new equity venture capital investment, according to an SEC regulatory filing.
Citrine has created a machine learning platform that "minds vast quantities of data about materials, chemicals and processes." The system promises to help enterprises "hit R&D and manufacturing targets and half the time." Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds. A total of 10 investors participated in the offering. CEO Bryce Meredig co-founded the firm in February 2013.
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