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Black-Owned Tech Startup Carbice Raises $15M Series A to Disrupt Thermal Management Across Industries

Atlanta-based startup company Carbice Corporation recently closed a funding round to invest in future expansion efforts. Carbice Corp. — founded by scientist Dr. Baratunde Cola in 2017 — produces multi-functional material solutions such as Carbice Carbon, a thermal-management material for spacecraft and other applications, to enhance the world’s most important electronic, energy and industrial products, according to its website.   View this post on Instagram   A post shared by Dr. Paul Judge (@pauljudge) The startup announced this week that it raised $15 million in a Series A investment round largely led by London-based investment firm Downing Ventures and additional funding provided by Toyota AI Ventures. We're excited to welcome @Carbice to the Toyota AI Ventures portfolio! Carbice's carbon nanotube technology lowers electronic device temperatures and dissipates heat. Read @Jim_Adler 's blog post to learn why we invested: https://t.co/6CAGcBbYu4 pic.twitter.com/W134JuX3z1 — Toyota...

Njera Perkins

Nov 24, 2020