GRC (Green Revolution Cooling), an Austin, Texas-based leader in single-phase immersion cooling for data centers, closed a $7m Series B funding.
The round, funded by private investors, brings the company’s total funding to date to $15m.
The company intends to use the capital to continue to expand operations and its business reach.
Led by Peter Poulin, CEO, GRC provides patented immersion-cooling technology which simplifies deployment of data center cooling infrastructure. By eliminating the need for chillers, CRACs, air handlers, humidity controls and other conventional cooling components, enterprises reduce their data center design, build, energy, and maintenance costs. The company’s solutions have been deployed in seventeen countries and are ideal for next-gen applications platforms, including artificial intelligence, blockchain, HPC, 5G, and other Edge Computing and core applications.
Over the last 12 months, the company has closed an OEM Agreement with Dell that provides warranty coverage for Dell servers in GRC immersion systems, an OEM Agreement with HPE, pilot projects that have expanded to production deployments, and expanded several existing customer sites.
Last December, GRC also expanded its global presence with a new office in India.
FinSMEs
15/07/2020