CARROLLTON, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- 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.
"Every industry has its eye on AI, and data centers are now looking 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. "As a liquid cooling provider that not only offers both hybrid and holistic cooling approaches, but also has a proven track record of deploying these technologies on a very large scale, LiquidStack is well-positioned to be at the leading edge of a new era of data center infrastructure."
LiquidStack offers a comprehensive portfolio of the industry's most advanced, powerful and energy-efficient liquid cooling products and services. LiquidStack's family of ...
