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.

Hans Tai

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 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 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.

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 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
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
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, 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 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, 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 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, 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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