Israeli AI cooling startup ZutaCore raises $100 million Series C at estimated $600 million valuation

Portfolio CompaniesLIP Fund II
Written By Federico de Mateo

Israeli company ZutaCore, which develops advanced direct-to-chip liquid cooling systems for artificial intelligence processors in data centers, has announced the completion of a $100 million Series C funding round. The round was led by global industrial and technology groups Mitsubishi Electric, Carrier, and Samsung Electronics, through its investment arm Samsung Ventures.

The latest financing brings ZutaCore’s total funding since its founding to approximately $200 million. The capital will be used to accelerate the company’s global commercialization efforts, expand its sales network, and meet rapidly growing demand for AI and high-performance computing (HPC) infrastructure.

Read More On Calcalist
Federico de Mateo
Previous

ThetaRay Gamifies Financial Defense at Money20/20 Europe with a Compliance Twist on “Where’s Waldo”
Next

Uber and Autobrains target Munich for robotaxi rollout