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Energy Dept. funded JetCool nets $17M to disrupt chip cooling as AI workloads surge

Oct 18, 2023 - venturebeat.com
MIT spinoff JetCool Technologies has raised $17 million in a series A funding round for its direct-to-chip liquid cooling technology for enterprise data centers. The round was led by Bosch Ventures and also saw participation from In-Q-Tel, Raptor Ventures, and Schooner Capital. The funding will be used to expand the company's cooling solutions and fuel global growth. JetCool's technology uses small fluid jets within compact cooling modules to cool high-power electronic devices at the chip or die level using safe, water-based coolants.

JetCool's technology is already making an impact by enabling 30% faster processing while reducing energy consumption by 50% and water usage by 90% over air cooling. The company's cold plates are currently deployed at federal labs, improving efficiencies and saving water. Meanwhile, its self-contained solutions are deployed at colocations and financial institutions, resulting in energy savings and cooling next-generation chipsets at ambient temperatures over 95º F (35º C).

Key takeaways:

  • JetCool Technologies, an MIT spinoff, has raised $17 million in a series A round of funding for its direct-to-chip liquid cooling technology for enterprise data centers.
  • The company's patented microjet impingement technology, called microconvective liquid cooling, uses small fluid jets within compact cooling modules to cool high-power electronic chips.
  • JetCool's technology has already made an impact by enabling 30% faster processing while reducing energy consumption by 50% and water usage by 90% over air cooling.
  • With the new funding, JetCool plans to expand its cooling solutions to create sustained advancements in efficiency, performance, reliability, and sustainability for data centers, HPCs, and semiconductors.
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