Fri Sep 20 14:17:00 UTC 2024: ## LiquidStack Secures $20 Million to Fuel Liquid Cooling Growth in Booming Data Center Market
**Carrollton, Texas – [Date]** – LiquidStack, a leading provider of full-service liquid cooling solutions, today announced a $20 million Series B extension investment led by Tiger Global. This brings the total Series B funding round to $35 million.
The investment will fuel LiquidStack’s expansion, allowing them to scale their direct-to-chip and immersion cooling product lines and broaden their commercial and R&D operations.
This move comes as the data center thermal management market experiences rapid growth, fueled by the increasing demand for high-performance computing and AI technologies. Research firm Dell’Oro Group projects the data center liquid cooling market to reach $15 billion by 2028.
“Every industry is looking at AI, and data centers are turning to liquid cooling to enable hyperscalers and global enterprises to capitalize on the vast potential of AI technologies,” said Wahid Nawabi, Chairman of the Board of Directors at LiquidStack. “LiquidStack is uniquely positioned to lead this new era of data center infrastructure, offering both hybrid and holistic cooling approaches with a proven track record of large-scale deployment.”
LiquidStack provides a comprehensive portfolio of advanced, powerful, and energy-efficient liquid cooling products and services, including:
* **Direct-to-Chip Cooling:** Precisely cools individual chips, maximizing performance and efficiency.
* **Immersion Cooling:** Submerges servers in dielectric fluid for superior heat dissipation.
* **Hybrid Cooling:** Combines both direct-to-chip and immersion cooling for optimal performance.
“Liquid cooling has reached a pivotal moment, and the support of Tiger Global validates the unique benefits our technology and approach offer the market,” said Joe Capes, CEO of LiquidStack. “This funding will enable us to fulfill our ambition as a full-service liquid cooling provider, delivering the highest quality and most reliable liquid cooling solutions to meet customer needs.”
LiquidStack’s products are designed and manufactured at their state-of-the-art facility in Carrollton, Texas. The company plans to expand its direct-to-chip CDU roadmap to align with the evolving thermal requirements of GPU and CPU chips. LiquidStack will also continue to invest in its two-phase and single-phase solutions to support use cases where holistic liquid cooling is optimal.
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