AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Citrine Informatics Recognized as the Best AI-Powered Big Data Platform by the 2019 Tech Ascension Awards

October 30, 2019 GMT

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Oct 30, 2019--

Citrine Informatics today announced the Citrine Platform has been recognized as the Best AI-Powered Big Data Platform by the 2019 Tech Ascension Awards.

The technological innovation behind the Citrine Platform dramatically reduces the time and cost of materials and chemicals development by combining materials-specific data handling and storage, scalable compute for AI and data processing, along with modular composable AI units optimized to predict materials behavior. The Citrine Platform has helped some of the world’s largest organizations, including chemicals and product companies, hit overall R&D milestones in 50-70% percent less time than originally forecast and has enabled totally new materials product lines.

The Tech Ascension Awards recognized the very best innovations in big data for 2019. In the inaugural year of the Tech Ascension Awards, over 50 cutting-edge companies submitted, and only a handful were selected that stood above the rest. The Tech Ascension awards judged applicants based on technology innovation and uniqueness, market research (analyst reports, media coverage, customer case studies), hard performance stats, and competitive differentiators. The class-leading vendors that received recognition from the Tech Ascension Awards proved their technology solves critical industry challenges and produces invaluable business outcomes for their customers.

“Our team is proud to be recognized as an artificial intelligence leader by the technology industry,” said Greg Mulholland, CEO, Citrine Informatics. “Our platform customers are creating a new generation of green, efficient, performant materials and chemicals faster than ever before. Our mission is to push the industry forward and to continue to enable sustainable innovation across one of the largest and most important industries globally.”

“The Citrine AI Platform represents a unique, cutting-edge use case for AI. The Citrine platform is the only AI technology designed to handle the advanced complexities of materials and chemicals – complexities that general-purpose AI platforms simply cannot handle as effectively or efficiently,” said David Campbell, CEO, Tech Ascension Awards.

For more information about the Tech Ascension Awards, please visit www.techascensionawards.com

About Citrine Informatics

Citrine Informatics technology accelerates the materials development cycle by combining materials data domain-specific AI. The Citrine Platform is designed to be the operating system of the materials and chemicals industry. Citrine is headquartered in Redwood City, CA. For more information visit citrine.io and follow us at @Citrine_io.

About the Tech Ascension Awards

The Tech Ascension Awards elevate companies that possess cutting-edge, innovative technology that solve critical challenges in their respective markets. Tech Ascension winners rise above the crowded consumer and enterprise technology industries and receive validation from an independent organization. Applicants are judged based on technology innovation and uniqueness, market research (analyst reports, media coverage, customer case studies), hard performance stats, and competitive differentiators. The awards recognize leaders in cybersecurity, DevOps, big data and consumer technology. For information about the Tech Ascension Awards, please visit www.techascensionawards.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191030005336/en/

CONTACT: Andrea Fuller

afuller@citrine.io

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ENVIRONMENT TECHNOLOGY ENGINEERING CHEMICALS/PLASTICS MANUFACTURING SOFTWARE NETWORKS INTERNET DATA MANAGEMENT

SOURCE: Citrine Informatics

Copyright Business Wire 2019.

PUB: 10/30/2019 01:00 PM/DISC: 10/30/2019 01:01 PM

http://www.businesswire.com/news/home/20191030005336/en