Arieca Inc., a Pittsburgh, PA-based materials startup, raised $6.5m in Series A funding.
The round was co-led and led by Nissan Chemical Corporation and 412 Venture Fund. Participants included ROHM Co. Ltd. Monozukuri Venture Fundss, Mountain State Capitals, Innovation Works, Carnegie Melon University, and ROHM Co. Ltd.
The company plans to use the funds for product development and scaling up production of its Liquid Metal-based Thermal Interface Materials (TIMs).
Arieca, headed by Dr. Navid Kazem (CEO), is a materials startup whose patented Liquid Metal Embedded Elastomer technology (LMEE), allows for high-level performance across the semiconductor, aerospace and healthcare industries. Its primary products are TIMbberTM – an adaptable thermal interface material (TIM) for high-performance semiconductor and power devices, and Thubber® – a soft, stretchable, and thermally conductive elastomer.
In 2018, Carnegie Mellon University spun off Arieca.