Press Release Seed Round

ITIC Leads Seed-Round Investment in Arieca (A Carnegie Mellon University Spin-Off)

Pittsburgh, March 2019— The Industrial Technology Investment Corporation (ITIC) has invested in Arieca LLC, a Pittsburgh-based advanced materials start-up that is commercializing Thubber, a thermally conductive rubber with an exceptional combination of elastic and thermal properties.  ITIC is one of Taiwan’s oldest and most prestigious VC firms, and is leading Arieca’s seed round with an investment that will accelerate commercialization efforts in the automotive, semiconductor, and aerospace sectors.