September 2024
LiquidStack Secures $20 Million from Tiger Global to Bring Liquid Cooling to AI Data Centers on a Global Scale
Full service liquid cooling provider to expand manufacturing footprint, scale direct-to-chip and immersion cooling product portfolio
CARROLLTON, Texas, September 19, 2024 — LiquidStack, a global leader in liquid cooling for data centers, today announced that it has secured a $20 million Series B extension investment from leading investment firm Tiger Global, bringing LiquidStack’s total Series B funding round to $35 million. The full service liquid cooling provider will use the funds to expand its manufacturing footprint, scale its direct-to-chip and immersion cooling product family roadmaps, and broaden its commercial and R&D operations.
The data center thermal management market has seen extraordinary growth in response to the unprecedented levels of power and cooling required to support high performance computing and AI. According to research firm Dell’Oro Group, data center liquid cooling will enter the mainstream this year with a market value projected to surge to $15 billion over the next five years.
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The data center thermal management market has seen extraordinary growth in response to the unprecedented levels of power and cooling required to support high performance computing and AI. According to research firm Dell’Oro Group, data center liquid cooling will enter the mainstream this year with a market value projected to surge to $15 billion over the next five years.
Read on