Ventiva – a leading company in active cooling solutions for electronic devices – announced the successful completion of its $10 million Series C funding round. This investment was obtained from a balanced mix of new money from multiple investment funds and strong participation from existing investors.
The funding brings the total amount raised by Ventiva since inception to over $40 million and will be used to accelerate further the company’s expansion, ongoing development of its state-of-the-art technology, and delivery of first-class service to customers.
Ventiva is gearing up to launch the latest generation groundbreaking Ionic Cooling Engine (ICE), initially tailored for the laptop market. And following this, the company will expand its ICE technology to a diverse range of applications, including AR/VR, television, portable gaming modules, and various cutting-edge electronics.
Based in Silicon Valley, Ventiva sets the standard in advanced thermal research and development for electronic devices. And its flagship ICE technology, based on principles of electrohydrodynamic flow that intersect physics, engineering and fluid dynamics, enables high-performance devices to be more lightweight, silent and vibration-free.
KEY QUOTES:
“Despite a difficult fundraising environment for tech companies, this funding round demonstrates clear understanding among investors that the consumer electronics markets are eager for a silent, vibration-free, solid-state active thermal solution and Ventiva has that solution. Ventiva has an immense untapped market opportunity ahead.”
- Carl Schlachte, chairman, president and CEO of Ventiva
