LiquidStack, a Boston, MA-based company which specialized in liquid immersion cooling for data centers, raised an undisclosed amount in Series B funding.
The round was led by Trane Technologies. The agreement also brings together LiquidStack’s technology with Trane’s system design, application engineering, go-to-market team and existing portfolio to deliver value for global data center customers. Trane and LiquidStack customers will now have access to broader end-to-end solutions, including immersion cooling coupled with Trane’s chillers, fluid coolers and heat recovery systems supported by world-class services.
Led by CEO Joe Capes, LiquidStack has a large install base of liquid cooling for data centers. Its immersion liquid cooling is an environmentally safe and sustainable solution meeting the growing thermal challenges of cloud, enterprise, edge, high performance computing and crypto-mining applications. The company has deployed advanced cooling solutions across demanding compute environments, actively reducing energy and water use on a massive scale. Today, LiquidStack provides thermal management solutions to many of the world’s largest cloud services, semiconductor, manufacturing and IT hardware providers.
The company intends to use the funds:
- to ramp up manufacturing, including the opening of a state-of-the-art facility in the United States, to further invest in R&D, especially in the field of advanced dielectric fluids that reduce both global warming and ozone depletion while replacing environmentally harmful refrigerants, and
- to expand sales, marketing and service delivery capabilities.
In addition to increasing manufacturing scale, the new facility will include research and development labs, factory acceptance testing and a service training center to support the demand and adoption of LiquidStack’s immersion cooling technology in hyperscale, cloud, colocation and edge computing applications. The company will dedicate funds
FinSMEs
23/03/2023