JetCool, a leading liquid cooling company, has successfully closed a $17 million Series A funding round. The round was led by Bosch Ventures, the corporate venture capital arm of the Bosch Group, with participation from prominent technology investors including In-Q-Tel, Raptor Group, and Schooner Capital.*
This infusion of capital arrives at a pivotal moment, coinciding with a surge in demand for effective cooling solutions spurred by the rise of AI and high-density computing. The global data center liquid cooling market is witnessing rapid growth, reaching $2.25 billion in 2021 and predicted to skyrocket at a CAGR of 25.8% to reach $31.07 billion by 2032, according to Persistence Market Research.
JetCool’s patented microconvective liquid cooling® technology has become essential in addressing overheating challenges, enhancing computing system performance, and prolonging the lifespan of complex chip architectures. By ensuring optimal operating conditions without compromising efficiency or durability, JetCool plays a crucial role in powering high-performance computing and AI operations, while also leading sustainability efforts within the data center industry.
Bernie Malouin, JetCool CEO, emphasized the urgency of addressing the increasing heat, power, and water consumption in data centers. He stated, “JetCool is poised to meet this demand and revolutionize the cooling industry with support from Bosch Ventures, IQT, and our current investors.”
Dr. Ingo Ramesohl, Managing Director of Bosch Ventures, highlighted the alignment between JetCool’s technology and the pressing need to conserve natural resources and energy. He emphasized JetCool’s potential to transform the liquid cooling industry globally and drive continued leadership and innovation in this essential technology category.
JetCool’s recent advancements include the introduction of its SmartPlate System for Dell Technologies’ next-generation PowerEdge servers. By integrating JetCool’s advanced liquid cooling into Dell PowerEdge servers, customers can deploy liquid cooling within the space of a traditional air-cooled server, maximizing server investments while achieving superior computing performance. Additionally, JetCool has collaborated with DuPont to increase the adoption of advanced liquid cooling technology, targeting semiconductor companies in Taiwan and Singapore.
This substantial investment not only validates JetCool’s pioneering technology but also propels the company into a position of industry leadership, poised to meet the evolving demands of the data center landscape and contribute significantly to the future of computing.