March 10, 2023
Mass Production of Unconventional Thermal Insulation Material, NIMS Venture Completes Series A Funding
Thermalytica Inc., a startup based in Tsukuba City that develops unconventional thermal insulation material, raised JPY 112.5 million in Series A funding on March 10, 2023. The lead investor was KSP Inc. (based in Kawasaki City), and existing shareholder National Institute for Materials Science (NIMS) and new shareholder Tsukuba Center Inc. (based in Tsukuba City) also participated in the funding. Thermalytica aims to establish mass production technology and expand its business, including overseas markets.
Thermalytica CTO Dr. Rudder Wu
TIISA, the thermal insulation material developed by Thermalytica, is a type of aerogel made from silicon oxide. Its raw material and manufacturing costs are much lower than those of conventional aerogels, and it has fluidity that makes it easier to utilize. It is an ideal material for low-cost storage of liquefied energy sources such as liquid hydrogen, liquid ammonia, and LNG. It is also in strong inquiries for use as a fire retardant for rechargeable battery cells and as a thermal conductivity reducer for polyurethane.
Kazuo Konuma, CEO of Thermalytica, expresses his appreciation by saying, “Ever since my time at NIMS collaborating with external partners, I have been working towards social implementation, and with the generous assistance of many, we have successfully achieved ideal equity finance.” Dr. Rudder Wu, Founder and CTO of Thermatica, renews his commitment to “spread TIISA not only in Japan where I live, but also in other countries and regions around the world, including Taiwan where I was born, and North America and Europe where I grew up.”
Tomohiro Otsuki from KSP (Lead investor) said, “We met Thermalytica through the support program “Kawasaki Deep Tech Accelerator” in Kawasaki City. Starting with Thermalytica, our NextG Investment Limited Partnership will provide strong support for deep tech ventures, including life sciences.” The partnership, led by Peptidream founder Norikazu Kubota, is still seeking LP investors.
◆Thermalytica
Company name: Thermalytica Inc.
Business: Development and consulting of thermal management materials
Establishment: April 2021
Representative: Kazuo Konuma
Location: 3-13 Sakura, Tsukuba, Ibaraki 305-0003, Japan (in National Institute for Materials Science)
URL： https://thermalytica.com/
◆KSP
Company Name: KSP Inc.
Business: Office/Laboratory rental, investment fund management, business
Establishment: December 1986
Representative: Kiichi Kubota
Address: W304, 3-2-1, Sakado, Takatsu Dist., Kawasaki, Kanagawa, 2130012, Japan URL： https://www.ksp.co.jp/
Contact: t-otsuki@ksp.or.jp, KSP Otsuki
