Industrial Technology Investment Corporation

We are the venture capital arm of the renowned R&D consortium – the Industrial Technology Research Institute (ITRI). Since our creation in 1979, we have invested over US$400 million across virtually all stages, sectors, and timezones. Companies we have nurtured have gone on to define entire industries, and boast a combined market cap of well over US$200 billion. Since its inception, ITIC has been instrumental in leading Taiwan's initial ventures into technology-based businesses, such as integrated circuits, automation, opto-electronic display, etc. ITIC is an original shareholder of some industry leaders such as UMC, Taiwan Mask Corp., Acer Display Technologies, Inc.(renamed as AU Optronics Corp.).

Alex Chang

Senior Vice President

Lillian Chen

Senior Vice President

Lina Chi

Vice President

Michel Chu

President

Tony Kuo

Investment Manager

Brian Tsai

Vice President

21 past transactions

al+

Series H in 2022
al+ is a Personal Artificial Intelligence which reconstructs individual personalities on the cloud by analyzing life log data of individuals and their groups. Based on the analysis of individual personalities, unproductive parts of labour will be automated and alt’s operating efficiency will be maximized. al+ users can focus on more productive, creative and sophisticated work. Using this methodology, we sincerely hope to contribute to the solution of different kinds of social problems.

Agility Robotics

Series B in 2022
Agility Robotics Inc. is a robotics development company founded in 2015 and based in Albany, Oregon. It specializes in designing and developing bipedal robots, notably Cassie, which is capable of walking and running. The company leverages its expertise in legged locomotion, rooted in extensive academic research, to create robots that serve as mobile sensor platforms and can operate in real-world environments. Agility Robotics aims to produce efficient, agile, and robust mobility solutions that can work alongside humans in various settings, such as offices, factories, and homes. Its technology enables clients to automate tasks in diverse terrains with minimal programming, addressing the practical needs of academic, corporate, and military sectors.

Vesper

Venture Round in 2021
Vesper Technologies Inc. is an electrical and electronic manufacturing company based in Boston, Massachusetts, specializing in the development and production of piezoelectric MEMS microphones. Founded in 2009, Vesper focuses on delivering innovative microphone solutions for various applications, including mobile handsets, tablets, and other audio-related products. The company's mission is to provide voice-powered solutions across diverse markets globally.

Neurobit

Seed Round in 2021
Neurobit is a digital healthcare company focused on addressing unmet neuro-clinical needs through innovative diagnostic solutions. It manufactures a complete neuro-otological diagnostic system that includes video-oculography services aimed at diagnosing neurological disorders. The company provides a comprehensive neuro-functional digital diagnostic system designed for the early detection of high-risk brain disorders and assists in diagnosis, which helps professionals, patients, and insurance companies manage the medical burden associated with these conditions.

Amplicore

Seed Round in 2021
Developer of injectable therapeutic drugs designed to treat degenerative musculoskeletal disorders to serve unmet medical needs. The company's drugs promote cartilage regeneration and suppress enzymatic activities to treat degenerative musculoskeletal disorders, enabling healthcare organizations to seamlessly provide relief to patients from joint pain.

Ball Wave

Venture Round in 2021
Ball Wave Inc. specializes in the development, manufacturing, and sale of advanced sensors, including trance moisture sensors, mini sensors, and ball surface acoustic wave gas sensors. Founded in 2015 and based in Sendai, Japan, the company focuses on innovative sensor technology that enables high-speed and sensitive detection of various chemical attributes, such as moisture and hydrogen, at the nanoscale. Their spherical sensors and analyzers serve as essential tools for accurately monitoring environmental conditions, effectively functioning as an advanced detection system for a range of gases and materials.

Agility Robotics

Series B in 2020
Agility Robotics Inc. is a robotics development company founded in 2015 and based in Albany, Oregon. It specializes in designing and developing bipedal robots, notably Cassie, which is capable of walking and running. The company leverages its expertise in legged locomotion, rooted in extensive academic research, to create robots that serve as mobile sensor platforms and can operate in real-world environments. Agility Robotics aims to produce efficient, agile, and robust mobility solutions that can work alongside humans in various settings, such as offices, factories, and homes. Its technology enables clients to automate tasks in diverse terrains with minimal programming, addressing the practical needs of academic, corporate, and military sectors.

CloudMile

Series B in 2020
Founded in 2016, CloudMile is a Taiwan-based B2B cloud service provider, offering tailor-made cloud solutions to all scale of business by leveraging the power of big data analysis and machine learning. CloudMile is a Google Cloud Partner and Google Cloud Platform’s (GCP’s) APAC strategic service partner. We specialize in Google Cloud services and growing rapidly across Asia. CloudMile provides professional cloud consulting services and technical support to clients from Taiwan, China, Hong Kong and Southeast Asia.

Cellusion

Venture Round in 2020
Cellusion is a regenerative medicine startup from Keio University. The mission of Cellusion is to deliver novel therapies for all bullous keratopathy patients by our iPS cells origin corneal endothelial cells mass culture system.

nanoGriptech

Venture Round in 2020
nanoGriptech, Inc. specializes in manufacturing micro-fibrillar polymer-based dry adhesives inspired by the adhesion mechanism of gecko feet. Founded in 2012 and based in Pittsburgh, Pennsylvania, the company offers innovative products such as Setex Gecko Tape, a repeatable and residue-free adhesive tape, and Setex Ultra-Thin Fastener, designed for seamless attachment to smooth surfaces. nanoGriptech's versatile gripping materials are utilized across various industries, including wearables, sports, semiconductors, robotics, medical devices, and automotive applications. The company's dry, durable, and customizable adhesives present a superior alternative to traditional reusable adhesives, enabling improved performance in product design and functionality. Additionally, nanoGriptech has formed partnerships with several multinational corporations and recently commenced sales in the high-friction clothing material market.

SiLC

Seed Round in 2020
SiLC Technologies is a Silicon Photonics start up focusing on photonic Sensor and 3D imaging applications. It develops new and novel technologies and integrated solutions to address the growing needs of an autonomous and smart new world.

Hprobe

Seed Round in 2020
Hprobe SA designs and builds automated wafer level magnetic test solutions for MRAM, HDD, magnetic sensors, and inductors. The company provides equipment and software for wafer prober testing automation. Hprobe SA was founded in 2017 and is based in Eybens, France.

Arieca

Seed Round in 2019
Arieca LLC, based in Pittsburgh, Pennsylvania, specializes in the development and distribution of Thubber, a thermally conductive rubber composite. Founded in 2018, the company has created a unique product that merges the compliance and elasticity of soft silicone rubber with the thermal conductivity of metal. This innovative material is stretchable and can be utilized in various applications, including circuit wiring, sensors, and passive heat exchangers. By providing an alternative form of rubber, Arieca aims to enhance the performance of electronic devices while ensuring safe human interaction, effectively addressing heat management challenges across multiple industries.

nanoGriptech

Venture Round in 2018
nanoGriptech, Inc. specializes in manufacturing micro-fibrillar polymer-based dry adhesives inspired by the adhesion mechanism of gecko feet. Founded in 2012 and based in Pittsburgh, Pennsylvania, the company offers innovative products such as Setex Gecko Tape, a repeatable and residue-free adhesive tape, and Setex Ultra-Thin Fastener, designed for seamless attachment to smooth surfaces. nanoGriptech's versatile gripping materials are utilized across various industries, including wearables, sports, semiconductors, robotics, medical devices, and automotive applications. The company's dry, durable, and customizable adhesives present a superior alternative to traditional reusable adhesives, enabling improved performance in product design and functionality. Additionally, nanoGriptech has formed partnerships with several multinational corporations and recently commenced sales in the high-friction clothing material market.

Floadia

Series B in 2017
Floadia Corporation, established in 2011 and headquartered in Tokyo, Japan, specializes in the development, licensing, and sale of semiconductor intellectual property, with a particular focus on embedded non-volatile memory solutions. The company leverages its engineering team's extensive experience, which includes a background at Renesas, to innovate in embedded FLASH technology. Floadia's expertise encompasses the foundational technology behind widely used FLASH architecture, specifically the "Source Side Injection" method for Split Gate FLASH. In addition to its product offerings, Floadia also provides technology consulting services to support its clients in the semiconductor industry.

Looop

Venture Round in 2017
Looop Inc. is a Japanese energy company that specializes in the construction, development, and maintenance of solar power generation systems. Founded in 2011 and headquartered in Tokyo, Looop focuses on providing sustainable energy solutions through its solar technology offerings. The company aims to contribute to the advancement of renewable energy in Japan by delivering efficient solar power services to its clients.

WHILL

Series B in 2016
WHILL is a company that designs and manufactures personal mobility products suitable for both indoor and outdoor use, aiming to enhance transportation experiences for all individuals. Founded in 2013 and based in San Carlos, California, WHILL seeks to redefine the perception of mobility devices like wheelchairs and scooters through innovative technology and thoughtful design. In addition to creating and selling mobility vehicles, WHILL offers mobility-as-a-service, which includes autonomous transportation solutions and on-site fleet rentals. This service enhances accessibility in public spaces such as airports, hospitals, and tourist destinations, allowing users to navigate these environments without a driver's license and promoting a more independent lifestyle for wheelchair users.

HWTrek

Series A in 2015
HWTrek Corp. operates a cloud-based platform designed for hardware innovators, including startups, crowdfunding creators, and small to medium-sized companies. Founded in 1995 and based in Taipei, Taiwan, HWTrek's Project Development Hub aids users in planning, developing, and launching hardware projects. The platform facilitates product development management and connects users with manufacturing and supply chain experts, creating a tailored management flow for each project. By fostering collaboration within its ecosystem of industry partners, HWTrek ensures that innovators receive optimal support and guidance, helping them navigate the complexities of bringing new hardware products to market efficiently and effectively. This approach aims to deliver high-quality products on time and within budget.

S2C

Series C in 2014
S2C Inc. specializes in manufacturing rapid prototyping solutions for system-on-chip (SoC) and application-specific integrated circuit (ASIC) designs. The company offers a range of products, including FPGA-based prototyping hardware, design and debug software, and system-level verification tools. Its Prodigy Complete Prototyping Solutions cater to various stages and scales of design, supporting a diverse clientele in electronics applications such as digital TV, wireless communication, and networking. Founded in 2003 in San Jose, California, S2C has expanded its presence globally, with offices in the United States, Europe, Japan, Korea, China, Taiwan, and India. The company maintains an engineering development center in Shanghai, which focuses on product development, while its U.S. headquarters emphasizes technology research, sales, and marketing. S2C's commitment to innovation in FPGA prototyping and integrated circuit design automation positions it as a key player in the electronics industry.

Streaming21

Series B in 2000
Solution provider of seamless on-demand and ip broadcasting service platform for connected digital home

Portal Wave

Series B in 2000
Portal Wave, founded in 1999, specializes in developing enterprise application portal software designed for e-business. The company’s technology platform enables businesses to integrate various enterprise applications over the internet, facilitating seamless management of business-to-business transactions. This includes handling critical operations such as sales, customer orders, shipping, billing, supply chain management, and inventory. Recognizing the need for a flexible, scalable, and extensible solution, Portal Wave aims to support companies in adapting to the evolving landscape of the Internet while ensuring cohesive integration of their business processes.
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