Asetek, Inc., a supplier of liquid cooling systems for computers, has raised an additional $8m in venture capital financing.
The company will use the funds to continue to expand its market share in the workstation, gaming and performance segments of the PC market.
Asetek also appointed industry veteran Sam Szteinbaum as Chairman of the Board.
He brings to the company more than 20 years of international management and technology industry experience.
Much of his career was spent at Hewlett Packard where he served in a variety of roles in the areas of business development, marketing, finance and general management. Szteinbaum’s international experience includes overseeing HP’s PC and printer operations in Canada and Latin America, as well as a three year assignment in Singapore.
Founded in 2000, Asetek has offices in San Jose, California, Denmark and Asia.