ITIC: Industrial Technology Investment Corporation

The Industrial Technology Investment Corporation (ITIC) serves as the venture capital arm of the Industrial Technology Research Institute (ITRI), established in 1979. ITIC has invested over US$400 million in various stages and sectors, significantly impacting the technology landscape. Its portfolio includes companies that have shaped entire industries and collectively exceed a market capitalization of US$200 billion. ITIC has played a crucial role in Taiwan's emergence in technology-driven businesses, particularly in areas such as integrated circuits, automation, and opto-electronic displays. Furthermore, ITIC is an original shareholder in notable industry leaders, including UMC and Taiwan Mask Corp., illustrating its influence and commitment to fostering innovation in the technology sector.

29 past transactions

Jubo

Series B in 2024
Jubo is Asia's largest tech company dedicated to the often-overlooked market of senior care. With a great passion for creating a better person-centered care environment and next-gen aging life, Jubo has been developing holistic solutions and software systems via a team of multidisciplinary experts in mobile technology, user experience research, data science, and spatial design. Since 2019, Jubo has served 700 healthcare institutions, 40,000 residents, and 3,000 care professionals, while simultaneously 600 millions of data points. Jubo has been internationally recognized with awards and honors in innovation, technology, design, and business, and continues to deepen its technology capability with many more registered patents worldwide. Headquartered in Taipei, Jubo is now expanding across Asia Pacific and the North America region.

PopChill

Seed Round in 2024
PopChill is a luxury fashion marketplace that leverages artificial intelligence for authentication technology. The company focuses on creating a social eCommerce platform dedicated to the second-hand trade of fashion items. By enabling users to share their fashion styles and sell idle items, PopChill fosters a community-driven approach to sustainable fashion. This innovative platform not only promotes the buying and selling of pre-owned luxury goods but also enhances trust among users through advanced AI-driven verification processes.

TXOne Networks

Series B in 2024
TXOne Networks specializes in industrial cybersecurity, safeguarding operational technology (OT) networks and critical infrastructure against cyber threats. The company offers network-based and endpoint-based security solutions that provide real-time, comprehensive protection for industrial control systems (ICS) across various sectors such as smart manufacturing, smart cities, and smart energy. TXOne's products enable both IT and OT teams to have clear visibility into ICS assets, protocols, risks, and threats, ensuring reliable and safe operations.

PopChill

Seed Round in 2023
PopChill is a luxury fashion marketplace that leverages artificial intelligence for authentication technology. The company focuses on creating a social eCommerce platform dedicated to the second-hand trade of fashion items. By enabling users to share their fashion styles and sell idle items, PopChill fosters a community-driven approach to sustainable fashion. This innovative platform not only promotes the buying and selling of pre-owned luxury goods but also enhances trust among users through advanced AI-driven verification processes.

DAIZ

Series C in 2023
DAIZ Inc. is a Japanese company founded in 2015, specializing in the production and supply of plant-based meat products. Based in Kumamoto, the company offers a product line known as "Miracle Meat," which utilizes germinated soybeans through its proprietary Ochiai Germination Method. DAIZ focuses on creating plant-based substitutes for traditional meat dishes, providing consumers with healthy and cruelty-free alternatives. In addition to its production efforts, the company also engages in research and development related to raw materials and drug discovery derived from germinated soybeans.

Flat Medical

Series C in 2023
Flat Medical is a company that specializes in safety technology solutions designed for clinical processes, particularly during surgical procedures. Their innovative technology is focused on detecting and preventing surgical errors, thereby enhancing the safety of treatments provided by clinical professionals. By addressing critical aspects of patient care, Flat Medical aims to improve outcomes and ensure a higher standard of safety in surgical environments.

AnHorn Medicines

Series A in 2023
Developer of innovative protein degradation drugs designed to treat cancer, neurodegenerative and aging-related diseases. The company develops a drug pipeline, using an AI-enabled platform to discover drug candidates, which target and degrade disease-related proteins, enabling researchers, clinicians, and pharmaceutical companies to access a novel class of drugs that address life-threatening and life-impairing diseases plagued by drug resistance.

Agility Robotics

Series B in 2022
Agility Robotics Inc. is a robotics development company based in Albany, Oregon, founded in 2015. It specializes in designing and developing advanced robotic machines, particularly focusing on bipedal robots like Cassie, which are capable of walking and running. The company leverages a rich history of academic research, including the development of the ATRIAS robot, to create legged locomotion systems that provide human-like mobility. Agility Robotics aims to address real-world needs by offering efficient, agile, and robust mobility platforms that can operate alongside humans with minimal additional programming. Its products are designed for various applications in academic, corporate, and military settings, enabling clients to automate tasks in diverse environments without the need to modify existing infrastructures.

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
Amplicore is a biotechnology company focused on developing injectable therapeutics aimed at treating degenerative musculoskeletal disorders. The company addresses unmet medical needs through a regenerative approach, specifically targeting conditions such as osteoarthritis, cartilage damage, degenerative disc disease, and acute meniscus tears. Amplicore's innovative drugs promote cartilage regeneration and inhibit harmful enzymatic activities, enabling healthcare providers to offer effective relief from joint pain to patients suffering from these debilitating conditions.

Ball Wave

Venture Round in 2021
Ball Wave Inc. is a technology company based in Sendai, Japan, established in 2015. It specializes in the development, manufacturing, and sale of advanced sensors, including trance moisture sensors, mini sensors, and ball surface acoustic wave (SAW) gas sensors. These spherical sensors and analyzers are designed for chemical sensing, delivering high sensitivity, small size, and rapid response times. Ball Wave's innovative sensor technology enables users to detect various environmental attributes, such as moisture and hydrogen, at the nanoscale, thus positioning the company at the forefront of sensor technology.

Agility Robotics

Series B in 2020
Agility Robotics Inc. is a robotics development company based in Albany, Oregon, founded in 2015. It specializes in designing and developing advanced robotic machines, particularly focusing on bipedal robots like Cassie, which are capable of walking and running. The company leverages a rich history of academic research, including the development of the ATRIAS robot, to create legged locomotion systems that provide human-like mobility. Agility Robotics aims to address real-world needs by offering efficient, agile, and robust mobility platforms that can operate alongside humans with minimal additional programming. Its products are designed for various applications in academic, corporate, and military settings, enabling clients to automate tasks in diverse environments without the need to modify existing infrastructures.

CloudMile

Series B in 2020
CloudMile Inc. is an artificial intelligence and cloud technology company headquartered in Taipei, Taiwan, with additional offices in Singapore and Hong Kong. The company specializes in digital transformation, helping over 400 corporate clients enhance their operations through machine learning and big data analytics. CloudMile offers a range of solutions, including AI, cloud services, productivity tools, security, financial services, and data search capabilities. As a Premier Partner of Google Cloud, it holds more than 120 accreditations, including over 60 professional certifications from Google Cloud, and is recognized for its expertise in machine learning, data analytics, cloud migration, and infrastructure. In 2020, CloudMile became Taiwan's first Google Cloud Managed Service Provider and was awarded the Google Cloud Public Sector Partner of the Year for the Asia-Pacific region, underscoring its commitment to driving growth and innovation for its clients.

Heroic-Faith Medical Science

Series A in 2020
We focus on developing a medical device with AI continuous breathing sound monitoring. Since our establishment, we have clearly set the mission of "Saving Lives Through Innovation", to assist medical personnel with the latest and best artificial intelligence technology. The sound changes are converted into visual graphics to provide medical personnel with a dual diagnosis of hearing and vision. We have been approved by the FDA & TFDA and continue to work closely with many medical centers and clinical laboratories in Taiwan and the United States. Through cooperation with major medical centers in Taiwan, We have collected millions of breath sound data, invited professional doctors and RTs to annotate them, and ensure the overall quality. We target non-intubated sedation market, and deploy our product to dentistry, plastic surgery, cath room, ERCP, vertebroplasty, gynochology, ambulance and so on.

Cellusion

Venture Round in 2020
Cellusion Inc. is a regenerative medicine company based in Tokyo, Japan, established in 2015. It focuses on research, development, manufacturing, and sales of induced pluripotent stem cell-derived corneal endothelial cells specifically for the treatment of bullous keratopathy. The company has developed a mass culture system for these cells, allowing for transplantation procedures that can significantly improve vision in affected patients. By using corneal endothelial cell substitutes derived from iPS cells, Cellusion provides a novel therapeutic solution that involves injecting the cells and replacing damaged corneal tissue, which is then manually sutured. This innovative approach aims to address the needs of patients suffering from this eye condition effectively.

nanoGriptech

Venture Round in 2020
nanoGriptech, Inc. is a Pittsburgh-based company founded in 2012 that specializes in the manufacture of micro-fibrillar polymer-based dry adhesives and surfaces. Its key product offerings include Setex Gecko Tape, a reusable, residue-free tape, and the Setex Ultra-Thin Fastener, designed for seamless integration with smooth surfaces. The company draws inspiration from nature, mimicking the adhesion mechanism of gecko feet to create durable, versatile adhesives suitable for a wide range of applications. These include wearables, sports equipment, semiconductors, robotics, medical devices, automotive, and packaging. With a focus on innovation, nanoGriptech has established partnerships with several multinational corporations and has recently initiated its first sales in the high-friction clothing material market.

SiLC

Seed Round in 2020
SiLC Technologies is a startup specializing in Silicon Photonics, focusing on developing novel photonic sensors and 3D imaging solutions. The company aims to enable machines to perceive their environment like humans do, offering long-range, interference-free operation for object classification, threat detection, and motion measurement.

Hprobe

Seed Round in 2020
Hprobe SA is a French company established in 2017, specializing in the design and construction of automated wafer-level magnetic test solutions. Based in Eybens, the company develops a three-dimensional magnetic field generator that enables the characterization and testing of various magnetic devices and sensors, including Magnetic Tunnel Junctions, STT MRAM, and TMR sensors. Hprobe's innovative equipment and software facilitate wafer prober testing automation, catering to the needs of the semiconductor industry, particularly in spintronics-based applications. This technology provides customers with efficient testing solutions critical for mass production and the development of embedded memory technologies in system-on-chip designs.

Arieca

Seed Round in 2019
Arieca LLC, founded in 2018 and based in Pittsburgh, Pennsylvania, specializes in the development and distribution of Thubber, a thermally conductive rubber composite. This innovative material merges the compliance and elasticity of soft silicone rubber with the thermal conductivity of metal, making it suitable for various applications such as circuit wiring, sensors, and passive heat exchangers. Arieca's product addresses heat management challenges in the electronics industry, enhancing performance while ensuring safe interactions between devices and users. By providing an alternative to traditional rubber, Arieca aims to improve the efficiency of electronic components across multiple sectors.

nanoGriptech

Venture Round in 2018
nanoGriptech, Inc. is a Pittsburgh-based company founded in 2012 that specializes in the manufacture of micro-fibrillar polymer-based dry adhesives and surfaces. Its key product offerings include Setex Gecko Tape, a reusable, residue-free tape, and the Setex Ultra-Thin Fastener, designed for seamless integration with smooth surfaces. The company draws inspiration from nature, mimicking the adhesion mechanism of gecko feet to create durable, versatile adhesives suitable for a wide range of applications. These include wearables, sports equipment, semiconductors, robotics, medical devices, automotive, and packaging. With a focus on innovation, nanoGriptech has established partnerships with several multinational corporations and has recently initiated its first sales in the high-friction clothing material market.

Floadia

Series B in 2017
Floadia Corporation is a Tokyo-based company established in 2011 that specializes in the development, licensing, and sale of semiconductor intellectual property, particularly focused on embedded non-volatile memory solutions. With a strong engineering team comprising former employees from Renesas, Floadia leverages extensive experience in embedded FLASH technology to deliver innovative low-power memory chips. The company's products are designed for diverse applications, including Internet of Things devices, automobiles, smartphones, and smart cards. Floadia's offerings not only reduce manufacturing costs but also enhance power efficiency and boast auto-grade heat endurance capabilities, making them suitable for a variety of demanding environments. In addition to its product portfolio, Floadia also provides technology consulting services to its clients.

COMMEET

Seed Round in 2017
COMMEET is a company based in Taipei City that specializes in assisting businesses with their travel planning and expenditure management. The company offers a comprehensive suite of services designed to streamline business travel applications, ordering processes, and expense reporting, all through a convenient one-stop platform. This integrated approach aims to enhance efficiency and convenience for enterprises managing their travel-related expenses.

Looop

Venture Round in 2017
Looop Inc. is a renewable energy company based in Tokyo, Japan, specializing in the construction, development, and maintenance of solar power generation systems. Founded in 2011, Looop provides services that encompass the entire value chain, including the development, sales, and operation of photovoltaic power stations. By owning and managing the processes involved in solar energy production, the company aims to lower costs and promote sustainable living. Looop's offerings facilitate a seamless transition for customers looking to adopt renewable energy solutions, thereby contributing to the growth of the solar energy sector.

WHILL

Series B in 2016
WHILL is a California-based company founded in 2013 that specializes in designing and manufacturing personal mobility products suitable for both indoor and outdoor use. The company seeks to enhance the user experience of mobility devices, such as wheelchairs and scooters, by integrating advanced technology and innovative design. WHILL aims to change the perception of these devices and make transportation enjoyable and accessible for everyone. In addition to its mobility vehicles, WHILL offers mobility-as-a-service solutions, including autonomous transportation services and on-site fleet rentals. These services are particularly beneficial in public spaces like airports and hospitals, allowing users to navigate without a driver's license and promoting independence for wheelchair users.

HWTrek

Series A in 2015
HWTrek, established in 1995 and headquartered in Taipei, Taiwan, specializes in a cloud-based platform for hardware innovators. This platform facilitates project planning, development, and launch, enabling startups, crowdfunding creators, and small to medium-sized companies to manage their product development, connect with industry experts in manufacturing and supply chain, and bring their projects to market both locally and internationally. The platform tailors management flows to each project and fosters collaboration with HWTrek's ecosystem of industry partners, ensuring optimal matches based on project specifics and expertise. This streamlined process aims to deliver high-quality products on time, within budget, and at scale.

S2C

Series C in 2014
S2C Inc. specializes in manufacturing rapid prototyping solutions for system-on-chip (SoC) and application-specific integrated circuits (ASIC). Founded in 2003 and headquartered in San Jose, California, S2C provides a suite of products that includes FPGA-based prototyping hardware, design creation and debug software known as TAI Player Pro, and various system-level verification tools. Its offering, Prodigy Complete Prototyping Solutions, is a versatile framework applicable across different design stages and scales. The company serves a diverse clientele, including firms involved in the design of electronics for digital television, wireless communications, and networking. S2C maintains a global presence with offices and representatives across the United States, Europe, Japan, Korea, China, Taiwan, and India, ensuring comprehensive support for its expanding customer base. The engineering development center located in Shanghai focuses on product development, while the Hsinchu office operates as a manufacturing center.

Streaming21

Series B in 2000
Streaming21 is a 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 focuses on creating a flexible and scalable technology platform that integrates various enterprise applications over the internet. This integration facilitates seamless management of business-to-business transactions, covering essential functions such as sales, customer orders, shipping, billing, supply chain management, and inventory. Portal Wave's vision is to provide businesses with the tools needed to adapt to the evolving landscape of the internet while ensuring that all operational aspects are interconnected and efficient.
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