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Market
Will Submer raise an additional $50 million or more by December 31, 2024?
3
Resolution / Starting Odds
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Official funding announcements from Submer
Story
Submer Raises $55.5 Million to Enhance Greener Data Centers with Immersion Cooling for AI Workloads
Oct 3, 2024, 06:07 AM
Submer, a provider of advanced immersion and liquid cooling solutions for data centers, has raised $55.5 million in a growth funding round to enhance greener data centers. As the demand for data center capacity increases, especially to support AI workloads, the need for efficient cooling systems becomes critical due to the heat generated by heavy processing power. Submer's technologies aim to address thermal inconsistencies and jitter in data centers, reducing environmental impact and improving performance.
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$5 million - $10 million • 25%
$10 million - $20 million • 25%
$20 million - $30 million • 25%
More than $30 million • 25%