Accelsius, an Austin, TX-based cooling systems company, raised $24M in Series A funding.
Funding for this round has been provided from and privately raised by Innventure, Inc. (NASDAQ:INV), who founded Accelsius in June 2022. Innventure is a technology commercialization platform that founds, funds and supports the launch and scale of its companies with a focus on transformative technology solutions.
The company intends to use the funds to accelerate its plans for an international presence, continue to grow shipments and revenue in the U.S., and expand its professional teams across engineering, R&D, sales, marketing, manufacturing and operations.
Led by CEO Josh Claman, Accelsius empowers data center and edge operators to meet their business, financial and sustainability goals through its cooling systems. Its NeuCool Platform delivers proprietary two-phase, direct-to-chip liquid cooling systems with thermal efficiencies. It also uses a sustainable, safe dielectric fluid and intelligent monitoring to provide a risk-free technology that scales from a single rack to an entire data center.
NeuCool technology combined with Accelsius’ US-based manufacturing and professional services program gives data center operators the confidence to evolve cooling approaches while ensuring performance improvements and continued uptime.
FinSMEs
14/11/2024