About CITRIS Foundry
CITRIS Foundry, an accelerator and incubator program founded in 2013, is based in Berkeley, United States. With a presence in 4 countries, it has supported around 49 startups in sectors like High Tech, Enterprise Applications. As of Oct 2026, CITRIS Foundry has 1 unicorn under its belt and has witnessed 1 portfolio exit. Most notable companies in
its portfolio include Ayar Labs, Infinite Uptime and Genedit. The program is backed by a team of 3 people who primarily support Seed startups based in United States. Its latest investment was a Undisclosed Seed round in BioAmp Diagnostics on 2017.
Key Metrics
Founded Year
2013
Location
Berkeley, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Unicorn in Portfolio
CITRIS Foundry's List of Top Investments
CITRIS Foundry has a portfolio of 49 companies, one of which is a Unicorn. Their most notable investmentis in BioAmp DiagnosticsTheir portfolio spans across United States, Belgium, China and 1 more locations. They have invested in High Tech, Enterprise Applications, Life Sciences and 15 other sectors, across stages such as Seed stage. Here is the list of top investments by CITRIS Foundry:
1. Ayar Labs
Developer of optical interconnect solutions for artificial intelligence infrastructure applications. The company provides optical I/O chiplets and light sources for enhanced bandwidth and power efficiency. These solutions aim to improve the performance and scalability of AI and high-performance computing systems. The company's products are intended for use in data centers and other advanced technology applications.
Key facts about Ayar Labs
- Founded Year: 2015
- Location: San Jose (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.02B
- Employee Count: 259 as on Sep 30, 2026
- Investors: Intel, Rising Tide Fund and 58 Others
- Latest Funding Round: Series E, Sep 10, 2026, $*****
- Highlight: Editors' Pick
Provider of prescriptive maintenance solutions for heavy manufacturing. This platform integrates mechanical and process signals to detect developing equipment faults and issues specific corrective actions. By analyzing equipment health and process conditions, the system enables operators to address maintenance needs before failures occur, improving production reliability and operational efficiency.
Key facts about Infinite Uptime
- Founded Year: 2016
- Location: Alpharetta (United States)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $68.7M
- Employee Count: 309 as on Dec 31, 2025
- Investors: Innoven Capital, Trifecta Capital and 21 Others
- Latest Funding Round: Series C, Feb 25, 2026, $*****
- Highlight: Editors' Pick
3. Genedit
Developer of drug delivery system for genetic medicines. The company has developed a NanoGalaxy platform that contains non-viral, non-lipid, polymer nanoparticles to deliver genetic medicines to the needed tissue to treat disease.
Key facts about Genedit
- Founded Year: 2016
- Location: Berkeley (United States)
- Stage: Series B
- Total Funding till date: $93.5M
- Employee Count: 65 as on May 31, 2026
- Investors: SK, Lilly and 20 Others
- Latest Funding Round: Series B, Nov 20, 2024, $*****
- Highlight: Editors' Pick
4. Coreshell
Manufacturer of silicon battery anodes using metallurgical grade raw materials. This technology utilizes natural silicon to replace traditional graphite in battery production. The anode materials are designed for large scale implementation within energy storage and electric vehicle power systems. The process aims to reduce production costs while maintaining battery performance standards.
Key facts about Coreshell
- Founded Year: 2017
- Location: San Leandro (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $88M
- Employee Count: 61 as on Aug 31, 2026
- Investors: Industry Ventures, Entrada Ventures and 21 Others
- Latest Funding Round: Grant (prize money), Aug 24, 2026, $*****
- Highlight: Editors' Pick
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Developer of computational biology techniques platform to engineer peptides for undruggable targets. The company has an AI-enhanced chemistry platform that enables a new class of drugs by engineering passively permeable, macrocyclic peptides that access traditionally undruggable targets.
Key facts about Unnatural Products
- Founded Year: 2016
- Location: Santa Cruz (United States)
- Stage: Series B
- Total Funding till date: $83M
- Employee Count: 70 as on Aug 31, 2026
- Investors: Rising Tide Fund, Wing Venture Capital and 17 Others
- Latest Funding Round: Series B, Mar 16, 2026, $*****
- Highlight: Editors' Pick
CITRIS Foundry's Year-on-Year Investment Trends
Its most recent first time investment was in BioAmp Diagnostics.CITRIS Foundry's Investments by Stage
CITRIS Foundry has made 1 investment in Seed stage.CITRIS Foundry's Investments by Sector
CITRIS Foundry has a portfolio focused on Life Sciences. Notably, it has invested in 31 Enterprise (B2B) companies, 31 Tech companies, 17 Software companies and at least 15 companies focusing on Tech hardware.CITRIS Foundry's Investments by Geography
CITRIS Foundry has made most investments in United States (1).CITRIS Foundry's recent investments
CITRIS Foundry has not made any investment in 2026 so far.Here are the most recent investments by CITRIS Foundry:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
2017 | United States | Seed | 2899 | - |
Unicorns in CITRIS Foundry's Portfolio
CITRIS Foundry has 1 unicorn in its portfolio - Ayar Labs. The most recent unicorn in their portfolio is Ayar Labs which became a unicorn in 2024, 1 years before CITRIS Foundry first invested in it.Here is a list of unicorns in CITRIS Foundry's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Developer of optical interconnect solutions for artificial intelligence infrastructure applications | 2015 | San Jose | Series E | zy{hwcs |
Acquired companies in CITRIS Foundry's Portfolio
1 company from CITRIS Foundry's portfolio has been acquired. The most recent acquisition was Lion Semiconductor in Jul 2021 by Cirrus Logic for $*****.Here are CITRIS Foundry's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 08, 2021 | - | - | 1769 |
Team profile of CITRIS Foundry
CITRIS Foundry has a team of 3 members including 3 Partners located in United States. CITRIS Foundry's team does not sit on the board of any company as of now.Here is a list of all team members in CITRIS Foundry:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | San Francisco | - | - | |
Partner | - | - | - |
Co-investors of CITRIS Foundry
Over the past 9 years, 4 investors have co-invested in CITRIS Foundry's portfolio companies. This includes funds and angels.
- Invested after CITRIS Foundry: A total of 4 investors have invested in CITRIS Foundry's portfolio after their investments. Top Investors include Illumina (1 company) and America’s Seed Fund (1 company).
