Georgia Tech’s heat regulation material developer Carbice picked up capital from Downing Ventures and Toyota AI Ventures that will support recruitment.
Carbice, a US-based thermo-storage material spinout of Georgia Institute of Technology, has raised $15m in an initial series A tranche led by venture capital firm Downing Ventures.
Toyota AI Ventures, a corporate venturing subsidiary of carmaker Toyota, also contributed to the round.
Founded in 2017, Carbice has created an aluminium and carbon material for regulating heat within electronic devices, reducing the risk of overheating.
Its scientific founder is Prof Bara Cola, who specialises in heat transfer, combustion…
