Downing Ventures has led the first closing of the $15 million Series A funding round for Carbice Corporation with additional funding provided by Toyota AI Ventures.
Carbice produces Carbice Carbon, a product that lowers device temperatures and dissipates heat away from product packaging. It is being used in space applications within satellites as well as in many terrestrial applications, and leads the industry on long-term reliability in diverse operational environments. Carbice Carbon technology provides the only thermo-interface solution on the market allowing for thermo-connectivity management that is simple to make and easy to handle, apply and rework. These funds will allow Carbice to attract top talent to help grow their sales and marketing functions and enable the company to scale their production to meet the significant product demand.