Atlanta-based startup company Carbice Corporation recently closed a funding round to invest in future expansion efforts


Carbice Corp. — founded by scientist Dr. Baratunde Cola in 2017 — produces multi-functional material solutions such as Carbice Carbon, a thermal-management material for spacecraft and other applications, to enhance the world’s most important electronic, energy and industrial products, according to its website.

The startup announced this week that it raised $15 million in a Series A investment round largely led by London-based investment firm Downing Ventures and additional funding provided by Toyota AI Ventures.

Per its latest funding round, Carbice plans to hire sales and marketing personnel as new additions to its staff and expand its production to meet demand, according to a press release.

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