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.
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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.
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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.”
All LiquidStack products are designed and manufactured in its state-of-the-art, U.S.-based facility in Carrollton, Texas, which opened in March 2024. The company is planning to expand its direct-to-chip CDU roadmap to align with the thermal trajectory of GPU and CPU chips. Additionally, LiquidStack will continue to invest in its two phase and single phase solutions to support use cases in which holistic liquid cooling is more suitable than hybrid approaches.
“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.”
About LiquidStack
LiquidStack™ is the respected leader in liquid cooling for information technology hardware, telecommunications, and blockchain systems. Having pioneered the world’s highest density, most efficient, and sustainable liquid cooling solution in 2012, our advanced liquid cooling solutions continue to serve as the backbone for highly scalable and environmentally safe hyperscale, colocation, enterprise, edge, and blockchain data centers. LiquidStack’s universal direct-to-chip CDUs, DataTank™, EdgeTank™, CryptoTank™, MicroModular™ and MacroModular™ systems and services are enabling real-time advancement of computing and communications while supporting a sustainable planet.
