<p class="ingestion featured-caption">Joe Capes, CEO of LiquidStack.LiquidStack</p><ul class="summary-list"><li>LiquidStack has secured a $20 million Series B extension from Tiger Global.</li><li>The startup has launched various cooling technologies for data centers.</li></ul><p>LiquidStack, a Texas-based startup developing technologies to cool down <a target="_blank" class href="https://www.businessinsider.com/amazon-google-microsoft-ai-future-data-centers-monopoly-tech-industry-2024-6">data centers</a>, has secured a $20 million Series B extension from investment firm Tiger Global.</p><p>Data centers are <a target="_blank" class href="https://www.businessinsider.com/ai-data-centers-us-power-grid-gpu-nvidia-cerebras-amazon-2024-7">famously energy-intensive.</a> According to various estimates, they use between 1% and 3% of the world's electricity. It's a figure that's expected to rise thanks to growing demand for AI services.</p><p>Launched in 2012, LiquidStack has created several cooling technologies for data centers. One of those is a coolant distribution unit, a rectangular-shaped device the size of a large fridge. It's designed to reduce the amount of water and energy needed in the cooling process compared to traditional methods, such as air cooling. </p><p>LiquidStack has also launched a two-phase immersion cooling unit to reduce energy in high-density server environments.</p><p>The startup's products are designed and manufactured at its Texas-based facility. It provides services from installation to maintenance. Overall, LiquidStack claims that its products can lead to a 41% reduction in energy usage and up to 100% reduction in water usage.</p><p>Joe Capes, CEO of LiquidStack, said that Tiger Global's support in the round was a "testament to the unique benefits that LiquidStack's technology and approach offer the market."</p><p>The $20 million Series B extension, led by US-based investment firm Tiger Global, brings the total Series B round to $35 million. According to PitchBook, additional funding in this round came from manufacturing giant Trane Technologies.</p><p>With the fresh funding, the company plans to double down on its investment in two-phase and single-phase cooling solutions and expand its coolant distribution unit product roadmap.</p><p><strong>Check out the 13-slide pitch deck it used to secure the fresh funding.</strong></p>