Liquid cooling company LiquidStack has secured additional investment as part of its latest funding round.
The company this week announced that it has secured a $20 million Series B extension investment from investment firm Tiger Global, bringing LiquidStack’s total Series B funding round to $35 million.
LiquidStack said it will use the funds to expand its manufacturing footprint, scale its direct-to-chip and immersion cooling product roadmaps, and broaden its commercial and R&D operations.
“Liquid cooling has reached a pivotal moment in its trajectory, and the support of Tiger Global is a testament to the unique benefits LiquidStack’s technology and approach offers the market,” said Joe Capes, CEO of LiquidStack. “This new round provides a funding pathway for LiquidStack to fulfill its ambition as a full-service liquid cooling provider and continue to offer the highest quality and most reliable liquid cooling products and services to meet customer needs.”
LiquidStack offers both single and two-phase liquid cooling solutions, and has developed its own cooling distribution unit. it also offers prefabricated modular cooling solutions for Edge applications.
Founded as Allied Control in 2013 and acquired by cryptocurrency miner the Bitfury Group in 2015, LiquidStack was spun out again in 2021 and secured $10 million in Series A funding from hyperscale hardware maker, Wiwynn.
Trane Technologies, an HVAC solutions company, invested in LiquidStack in March 2023 as part of its original Series B funding round.
Founded in 2001, Tiger Global invests in Internet, software, consumer, and financial technology companies. It has previously invested in chiplet interconnect manufacturer Eliyan, as well as Alibaba, Meta, JD.com, Yandex, and SoftBank.
