Submer, a Barcelona, Spain-based provider of data center cooling solutions, raised $55.5m in Series C funding, at a $500m valuation.
The round was led by M&G Investments with participation from Mundi Ventures, Planet First Partners and Norrsken VC.
The company intends to use the funds to capitalize on new business opportunities, boost customer acquisition, and support clients in their infrastructure needs while complying with environmental regulations.
Founded in 2015 CEO Patrick Smets and Founder & CTO Daniel Pope, Submer provides technology enabling datacenters around the world to leverage immersion cooling for HPC, hyperscale, data centers, Edge, AI, DL, and blockchain applications.
The company also operates a Gigafactory in Houston, Texas.
FinSMEs
03/10/2024