Accelsius, a company whose proprietary direct-to-chip liquid cooling systems enable high-performance computing and rack density for data centers and edge operators, announced raising $24 million in Series A funding. The round started in early 2024.
Accelsius will use the funding round to accelerate its plans for an international presence, continue to grow shipments and revenue in the U.S., and expand its professional teams across engineering, R&D, sales, marketing, manufacturing, and operations.
The funding for this round has been provided by and privately raised by Innventure, which founded Accelsius in June 2022. Innventure is a technology commercialization platform that founds, funds, and supports the launch and scale of its companies, focusing on transformative technology solutions.
Accelsius’ NeuCool system addresses the cooling challenges of modern data centers by delivering substantial gains in efficiency and sustainability. And compared to conventional cooling methods, NeuCool offers an estimated 50% reduction in energy use and a remarkable 10 times rack power density improvement, all while eliminating water consumption.
Built for handling thermal loads exceeding 2,200 watts per server chip (CPU, GPU), NeuCool is optimally suited for the high-powered servers that drive AI, machine learning, high-performance computing and other computationally intensive workloads prevalent in today’s data centers.
KEY QUOTE:
“This investment is a testament to our team’s intense focus on operational innovation and technological ingenuity. We believe that with AI’s rapid growth, we all must aim to make the surrounding infrastructure as efficient as possible. Liquid cooling is the future of data center cooling, and Accelsius is positioned to lead that future.”
– Josh Claman, Accelsius’ CEO
“From its beginning, Accelsius has exhibited all the qualities of a market disruptor. We are proud to see all the great progress that Josh and his team have made to produce critical infrastructure required to support the massive growth in data centers and related markets. 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.”
– Bill Haskell, CEO of Innventure
