What is Carbice?
Carbice Corporation specializes in the development of advanced thermal interface materials, most notably the Carbice Pad, Space Pad, and Ice Pad. These proprietary solutions are engineered to optimize cooling performance, enhance system reliability, and streamline assembly processes for complex hardware. By targeting mission-critical applications in automotive, aerospace, and consumer electronics, the company addresses the growing demand for efficient thermal regulation in increasingly dense and powerful computing environments. Their market position is defined by a commitment to reducing total cost of ownership while maintaining the rigorous standards required for defense and industrial-grade technology deployments.
How much funding has Carbice raised?
Carbice has raised a total of $35.5M across 4 funding rounds:
Private Equity
$550K
Angel/Seed
$1.5M
Series A
$15M
Stock/Share Issuance
$18.4M
Private Equity (2017): $550K, investors not publicly disclosed
Angel/Seed (2017): $1.5M led by GRA Venture Fund and TechSquare Labs
Series A (2020): $15M supported by Toyota AI Ventures LLC and Downing
Stock/Share Issuance (2025): $18.4M, investors not publicly disclosed
Key Investors in Carbice
GRA Venture Fund
Georgia Research Alliance (GRA) is focused on enhancing university research and entrepreneurship by recruiting talent, improving lab facilities, and fostering company growth.
TechSquare Labs
TechSquare Labs is Atlanta's leading seed-stage venture capital fund dedicated to empowering tech entrepreneurs to build innovative solutions.
Downing
Founded in 1986, Downing is a financial services company, headquartered in London, England, that designs and manages investment products.
What's next for Carbice?
With this major strategic investment, Carbice is well-positioned to accelerate its operational scaling and deepen its penetration into global industrial markets. The company is expected to leverage this capital to expand its manufacturing capacity and further refine its R&D pipeline, ensuring that its thermal management solutions remain at the forefront of technological advancement. As the demand for high-performance computing and reliable aerospace hardware continues to rise, Carbice's focus will likely shift toward optimizing supply chain resilience and broadening its footprint in the data center sector, where thermal efficiency is a primary driver of operational profitability and sustainability.
See full Carbice company page
