After relocating its home base to North Texas from Massachusetts earlier this year, a Carrollton company has attracted funding from a New York firm with experience in the tech community.
LiquidStack, which helps data centers with liquid cooling as they tackle artificial intelligence, has secured $20 million from Tiger Global in a Series B extension,The new funding for LiquidStack brings the total Series B funding round to $35 million. Overall, funding for LiquidStack is $45 million to date, said Joe Capes, CEO of the company, in an emailed statement.
LiquidStack is looking to take additional space in the Carrollton area this year, Capes said in the email. The company“Carrollton offers excellent facilities and logistics, high-skilled labor and a pro-business environment, while still maintaining a small town feel,” Capes said. “LiquidStack looks forward to creating additional jobs and opportunities in the community.”
LiquidStack is helping data centers with multiple products and services. For example, it offers direct-to-chip cooling that’s built for advanced computing applications such as generative AI. It also provides “two-phase immersion cooling,” a space-saving product that enhances data center efficiency and features thermal management with minimal energy consumption that’s designed for high-density server environments.
“Every industry has its eye on AI,” said Wahid Nawabi, chairman of the board of directors at LiquidStack, in a statement.Since the emergence of dating apps that allow people to look for a partner based on criteria including education, Americans have increasingly been marrying someone more like themselves. That accounts for about half of the rise in income inequality among households between 1980 and 2020, researchers from the Federal Reserve Banks of Dallas and St.