- Slice of Technology
- Posts
- AccelsiusTM Secures $24M Series A Funding to Revolutionize Data Center Cooling
AccelsiusTM Secures $24M Series A Funding to Revolutionize Data Center Cooling
Slice of Technology Team
November 20, 2024
Key Highlights:
Accelsius™ raised $24 million in Series A funding, supported by Innventure, Inc. (NASDAQ), its founding and funding partner.
Funds will fuel international expansion, U.S. revenue growth, and team development across engineering, R&D, sales, and manufacturing.
The NeuCool system reduces energy use by 50%, offers 10x rack power density improvements, and eliminates water consumption.
NeuCool is designed to support AI, machine learning, and high-performance computing with thermal loads exceeding 2,200 watts per server chip.
Source: Business Wire
Notable Quotes:
“This investment is a testament to our team’s intense focus on operational innovation and technological ingenuity. Liquid cooling is the future of data center cooling, and Accelsius is positioned to lead that future.”
“From its beginning, Accelsius has exhibited all the qualities of a market disruptor. To go from founding to revenue generation in less than three years is truly impressive, and we couldn’t be more excited for Accelsius’ future.”
Our Take:
Accelsius™ stands at the forefront of addressing the surging power demands driven by AI and high-performance computing. The NeuCool platform is a game-changer, offering unprecedented efficiency gains that are crucial in a world where data center energy consumption is projected to grow 160% by 2030. By leveraging its innovative liquid cooling technology, Accelsius™ is poised to redefine the operational and environmental standards for data centers globally, providing solutions that align with both performance and sustainability goals.
Reply