ITIC: 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.).

Tai, Hans

President

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 utilizes AI authentication technology to facilitate the second-hand trade of fashion items. The platform allows users to share their personal styles while providing a space to sell unused or idle clothing and accessories. By combining social elements with eCommerce, PopChill aims to create a vibrant online community centered around sustainable fashion practices.

TXOne Networks

Series B in 2024
TXOne Networks specializes in cybersecurity solutions aimed at safeguarding industrial control systems from cyber threats. The company develops industrial control systems for industrial IoT environments, such as smart manufacturing, smart cities, and smart energy, to enhance the protection of these critical infrastructures. TXOne Networks provides both network-based and endpoint-based products designed to secure operational technology (OT) networks and mission-critical devices through a real-time, defense-in-depth approach. Their solutions offer comprehensive visibility into ICS assets, protocols, control commands, risks, and threats, ensuring the reliability and safety of various industrial operations.

PopChill

Seed Round in 2023
PopChill is a luxury fashion marketplace that utilizes AI authentication technology to facilitate the second-hand trade of fashion items. The platform allows users to share their personal styles while providing a space to sell unused or idle clothing and accessories. By combining social elements with eCommerce, PopChill aims to create a vibrant online community centered around sustainable fashion practices.

DAIZ

Series C in 2023
DAIZ Inc., founded in 2015 and based in Kumamoto, Japan, specializes in the production and supply of plant-based meat products, notably under the brand name 'Miracle Meat.' Utilizing a proprietary process known as the 'Ochiai Germination Method,' the company transforms germinated soybeans into functional food substances that serve as healthy, plant-based alternatives to traditional meat. In addition to its production activities, DAIZ is involved in research and development focused on raw materials and drug discovery derived from germinated soybeans, further emphasizing its commitment to innovation in the plant-based food sector.

Flat Medical

Series C in 2023
Flat Medical specializes in developing safety technology solutions aimed at enhancing clinical processes. The company's innovative technology is designed for use during surgical procedures, where it plays a crucial role in detecting and preventing surgical mistakes. By doing so, Flat Medical enables clinical professionals to provide safer treatment options for their patients, thereby improving overall patient safety and care quality.

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 Robotic's legged locomotion expertise is built on a history of academic research, including the bipedal walking and running robot ATRIAS. Agility Robotics is leveraging this work to create products that address the real world needs of rugged, efficient, and highly capable mobility platforms.

Neurobit

Seed Round in 2021
Neurobit creates and manufactures a complete neuro-otological diagnostic system. It offers video-oculography services for neurological disorders in the emergency department and day-care center. It is founded in 2016 and is based in Taipei City, Taiwan.

Amplicore

Seed Round in 2021
Amplicore is a biotechnology company focused on developing injectable therapeutics for degenerative musculoskeletal disorders. The company aims to address unmet medical needs by promoting cartilage regeneration and suppressing enzymatic activities associated with conditions such as osteoarthritis, cartilage damage, degenerative disc disease, and acute meniscus tears. By providing innovative treatment options, Amplicore enables healthcare organizations to offer effective relief to patients suffering from joint pain.

Ball Wave

Venture Round in 2021
Ballwave uses the ball SAW sensor based on a new principle as the core of the differentiating factor, and becomes the human eye and the nervous system, and invites it to the horizon of technology.

Agility Robotics

Series B in 2020
Agility Robotic's legged locomotion expertise is built on a history of academic research, including the bipedal walking and running robot ATRIAS. Agility Robotics is leveraging this work to create products that address the real world needs of rugged, efficient, and highly capable mobility platforms.

CloudMile

Series B in 2020
CloudMile Inc. is an AI and cloud technology company headquartered in Taipei, Taiwan, with additional offices in Singapore and Hong Kong. The company specializes in digital transformation for corporate clients, utilizing machine learning and big data analytics to enhance business forecasts and facilitate industrial upgrades. With a portfolio of over 400 corporate clients, CloudMile has achieved more than 120 accreditations, including over 60 Google Cloud professional certifications. As a Premier Partner of Google Cloud, it holds specializations in machine learning, data analytics, cloud migration, and infrastructure. In 2020, CloudMile became Taiwan's first Google Cloud Managed Service Provider and was recognized as the Google Cloud Public Sector Partner of the Year for the APAC region.

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 Tokyo-based regenerative medicine company specializing in the research and development, manufacturing, and sales of induced pluripotent stem cell-derived corneal endothelial cells aimed at treating bullous keratopathy. Founded in 2015, Cellusion focuses on providing innovative solutions for cell transplantation, utilizing a mass culture system for corneal endothelial cells derived from iPS cells. This approach allows healthcare professionals to improve vision in patients suffering from bullous keratopathy by injecting the cell substitutes, which replace damaged corneal tissue, thereby enhancing the quality of life for affected individuals.

nanoGriptech

Venture Round in 2020
nanoGriptech, Inc. specializes in manufacturing micro-fibrillar polymer-based dry adhesives and surfaces, drawing inspiration from the natural adhesion mechanism of gecko feet. Founded in 2012 and headquartered in Pittsburgh, Pennsylvania, the company offers a range of products, including the Setex Gecko Tape, which is a repeatable, residue-free, non-tacky tape, and the Setex Ultra-Thin Fastener, designed for seamless integration with smooth surfaces. Its innovative adhesive solutions are tailored for diverse applications such as wearables, sports gear, semiconductors, robotics, medical devices, automotive components, and packaging. nanoGriptech aims to provide a superior alternative to traditional reusable adhesives, focusing on durability and customization. The company has established partnerships with multinational corporations and has recently begun small volume sales in the high-friction clothing market.

SiLC

Seed Round in 2020
SiLC Technologies is a startup specializing in silicon photonics, focusing on photonic sensors and 3D imaging applications. The company develops innovative technologies and integrated solutions that cater to the increasing demands of an autonomous and intelligent environment. SiLC's products are designed to enable machines to perceive their surroundings similarly to humans, offering long-range, interference-free operation and instantaneous velocity for low-latency object classification and threat detection. This capability allows for accurate diagnostics and measurement of moving objects, as well as effective human detection and analysis.

Hprobe

Seed Round in 2020
Hprobe SA, founded in 2017 and based in Eybens, France, specializes in designing and manufacturing automated wafer-level magnetic test solutions for various magnetic devices, including MRAM, hard disk drives, magnetic sensors, and inductors. The company provides advanced testing equipment and software, enabling efficient automation of wafer prober testing. Hprobe's notable product is a three-dimensional magnetic field tester, which is suitable for a wide range of magnetic devices such as Magnetic Tunnel Junctions and magnetic sensors. Their technology facilitates the characterization and testing of spintronics-based devices, aligning with the demands of electrical wafer-level probing required for mass production. This positions Hprobe as a key player in the evolving landscape of embedded memory technologies for system-on-chip applications.

Arieca

Seed Round in 2019
Arieca LLC, established 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 elasticity of soft silicone rubber with the thermal conductivity of metal, making it suitable for applications such as circuit wiring, sensors, and passive heat exchangers. Arieca's product addresses heat management challenges in various industries, enabling manufacturers to utilize an alternative rubber solution that enhances electronic performance while ensuring safe interaction with human users.

nanoGriptech

Venture Round in 2018
nanoGriptech, Inc. specializes in manufacturing micro-fibrillar polymer-based dry adhesives and surfaces, drawing inspiration from the natural adhesion mechanism of gecko feet. Founded in 2012 and headquartered in Pittsburgh, Pennsylvania, the company offers a range of products, including the Setex Gecko Tape, which is a repeatable, residue-free, non-tacky tape, and the Setex Ultra-Thin Fastener, designed for seamless integration with smooth surfaces. Its innovative adhesive solutions are tailored for diverse applications such as wearables, sports gear, semiconductors, robotics, medical devices, automotive components, and packaging. nanoGriptech aims to provide a superior alternative to traditional reusable adhesives, focusing on durability and customization. The company has established partnerships with multinational corporations and has recently begun small volume sales in the high-friction clothing 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, particularly focusing on embedded non-volatile memory solutions. The company leverages its engineering team's extensive experience in embedded FLASH technology, which includes contributions from pioneers in the field. Floadia's technology is designed for use in various applications, including Internet of Things devices, automobiles, smartphones, and smart cards. Their embedded memory solutions offer low-power consumption and cost efficiency, while also providing durability suitable for automotive-grade environments. In addition to its product offerings, Floadia provides technology consulting services to support its clients in optimizing their semiconductor needs.

COMMEET

Seed Round in 2017
COMMEET is a Taipei-based company that specializes in business travel planning and expenditure management. It offers a comprehensive platform that serves as a one-stop shop for various business travel needs, including application processes, ordering, and expense reporting. By streamlining these services, COMMEET aims to enhance efficiency for enterprises in managing their travel expenditures effectively.

Looop

Venture Round in 2017
Looop Inc. is a renewable energy company based in Tokyo, Japan, established in 2011. It specializes in the construction, development, and maintenance of solar power generation systems. By managing the entire value chain, Looop aims to reduce costs and facilitate the transition to renewable energy for its customers. The company offers a range of services including the development and sales of photovoltaic power stations, construction of solar facilities, and the operation of re-energized power plants. Looop's mission is to promote sustainable living by making renewable energy accessible and hassle-free for its clients.

WHILL

Series B in 2016
WHILL designs and creates personal mobility products for indoor and outdoor applications. WHILL is making transportation enjoyable and smart for everybody. It aims to change the perception of mobility devices such as wheelchairs and scooters through advanced technology and smart design. It was founded in 2013 and is headquartered in San Carlos, California.

HWTrek

Series A in 2015
HWTrek operates a cloud-based platform known as the Project Development Hub, aimed at supporting hardware innovators, including startups and small to medium-sized enterprises. The platform assists users in managing product development, connecting with manufacturing and supply chain experts, and facilitating the market introduction of their projects. By generating tailored management workflows for each project, HWTrek fosters collaboration between hardware innovators and its network of industry partners. This ecosystem enhances the ability of businesses to navigate the complexities of product development, ensuring optimal matches based on specific project needs and expertise. Ultimately, HWTrek helps companies deliver high-quality hardware 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 circuit (ASIC) designs. The company's offerings include FPGA-based prototyping hardware, design creation and debug software, and various system-level design verification tools. Key products feature the Prodigy Complete Prototyping Solutions and Quad KU115 logic modules, which cater to diverse applications such as voice processing, graphics imaging, and digital mobile technology. S2C serves a global clientele of chip and system design companies, addressing the electronics needs across sectors like DTV, DVD, and networking. Founded in 2003 and headquartered in San Jose, California, S2C has expanded its presence through offices and representatives in key markets, including China, Japan, and Taiwan. The company emphasizes technology research and strategic alliances from its U.S. headquarters while focusing on product development at its engineering center in Shanghai.

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 was founded in 1999 to create a technology platform that could expand and assimilate the successive waves of change the Internet has brought to business. The founders realized that companies needed a flexible, scalable and extensible platform from which to incorporate all these changes and at the same time tie them together. This was their vision for the enterprise portal for e-business.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.