Financing of New Material Development Trumpf Venture joins Series A funding round for Carbice
Trumpf Venture announces the final closing of the $ 15 million Series A funding round for Carbice Corporation led by Downing Ventures with additional funding provided by Trumpf Venture and Toyota AI Ventures.
Germany — The US start-up 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. The funds provided by the Series A round is earmarked for attracting top talent to help grow their sales and marketing functions and enable the company to scale their production to meet the significant product demand.
In a time of rapid digitization, industry has been restricted by the thermal dissipation of the heat that is generated as a natural part of electronic devices operation. The future iterations of all next-generation electronics will have greater heat problems than before. As ever-smaller devices are manufactured for broader uses, solving critical issues related to thermal transfer are key to unlocking trapped performance and reliability. As a result, Carbice Carbon will propel technology iterations at a greater pace than before as it solves this thermal issue. According to the company, Carbice Carbon is the highest heat conducting material in the world, made up of a composite of recycled aluminum and aligned carbon nanotubes, a tiny filament that is only tens of atoms thick in diameter.