SemiAnalysis Acquires Citrini, Terms Undisclosed

Singularity Research said on X that Citrini has been acquired by SemiAnalysis, but the deal terms were not disclosed. According to ChainCatcher, the group initially estimated the purchase price at about $30 million, then revised its estimate to nearly $100 million, while stressing that it had no inside information and was only speculating. Citrini was founded in 2023 and offers a Substack newsletter and institutional research products. It has more than 260,000 subscribers and an estimated annual revenue of about $5.9 million. Citrini completed a $5.05 million SAFE round in December 2025, which implied a post-money valuation of about $25 million based on roughly 20% dilution.