LiquidStack Secures Round B Financing from Trane Technologies to Scale Manufacturing and R&D
On March 22, it was announced that LiquidStack, an immersive cooling technology company, had obtained a round B financing funded by Trane Technologies (TT), with an undisclosed amo
On March 22, it was announced that LiquidStack, an immersive cooling technology company, had obtained a round B financing funded by Trane Technologies (TT), with an undisclosed amount. This round of financing will be used to expand manufacturing scale and establish factories in the United States in the third quarter to expand product research and development and commercial operations.
Immersive cooling technology company LiquidStack completes Round B financing
On March 22, 2021, LiquidStack made an exciting announcement – the immersive cooling technology company had obtained a round B financing funded by Trane Technologies (TT), with an undisclosed amount. This round of financing is set to be used by LiquidStack to expand their manufacturing scale and establish factories in the United States, all while working towards expanded product research and development and commercial operations.
Who is LiquidStack?
Before diving into the recent announcement made by LiquidStack, it’s worth it to take a step back and look at the company as a whole. Founded in 2018, LiquidStack is a data center cooling technology company that is on a mission to revolutionize how data centers stay cool. Their patented immersion cooling system is designed with efficiency, reliability, and sustainability in mind, with systems that can reduce cooling energy consumption by up to 95%.
What is Round B Financing?
Round B financing is a second-stage funding round that is typically focused on expanding a company’s reach and scaling up operations. It’s typically sought out by companies that have already gone through a seed funding round and have already established a track record of success.
In LiquidStack’s case, round B financing will allow for the funding needed to expand its manufacturing scale and establish factories in the United States. Additionally, this funding will be used to continue product research and development and expand commercial operations – all key components in the company’s overall growth plan.
Why is Trane Technologies Investing in LiquidStack?
Trane Technologies is a global leader in HVAC technologies, including heating, ventilation, and air conditioning. With a history that dates back over a century, Trane Technologies is a name long associated with innovation and sustainability.
By investing in LiquidStack, Trane Technologies is showing their commitment to the future of the data center industry. With an increasing demand for cooling solutions that are both efficient and sustainable, LiquidStack’s patented immersion cooling systems are a perfect fit for Trane Technologies’ portfolio.
The Importance of Expansion and R&D for LiquidStack
With the exciting news of the round B financing secured by LiquidStack, the company will be able to continue to grow and innovate in the data center cooling industry. By expanding their manufacturing scale and establishing factories in the United States, LiquidStack will be better equipped to serve the needs of data centers across the country.
But it’s not just about scaling up operations for LiquidStack, as the company is also committed to continuing to develop new and innovative products to meet the changing needs of the industry. With Trane Technologies’ investment and support, LiquidStack is in a strong position to deliver on its mission of revolutionizing data center cooling.
Conclusion:
As data centers continue to play an increasingly vital role in our digital lives, the importance of an efficient and sustainable cooling system is more apparent than ever. With the round B financing secured by LiquidStack, the company is well-positioned to continue to innovate and provide the solutions the industry so desperately needs. The investment by Trane Technologies is a testament to the value of LiquidStack’s patented immersion cooling systems and the importance of sustainable cooling solutions.
FAQs:
1. What is immersion cooling technology?
Immersion cooling technology is a cooling solution that involves fully submerging servers and other IT equipment in a thermally conductive liquid. This liquid provides better cooling performance and is more energy-efficient than traditional air cooling systems.
2. What is Trane Technologies?
Trane Technologies is a global leader in HVAC technologies, including heating, ventilation, and air conditioning. The company is committed to sustainability and innovation in the industry.
3. What is Round B financing?
Round B financing is a second-stage funding round that is typically focused on expanding a company’s reach and scaling up operations. LiquidStack secured round B financing to expand their manufacturing scale and establish factories in the United States, while also continuing to develop new products and expand commercial operations.
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