Frore Systems Raises $143 Million to Expand AI Chip Cooling Solutions Valued at $1.64 Billion
Frore Systems Inc. has raised $143 million in Series D funding, valuing the startup at $1.64 billion. Led by MVP Ventures and supported by Fidelity Management, Top Tier, Mayfield Fund, and Qualcomm Ventures, the funding will enhance manufacturing operations. Frore specializes in liquid cooling technology for AI chips, notably the LiquidJet Nexus tray, which significantly improves heat dissipation in data centers. Founded by former Qualcomm engineers, the company aims to meet the growing demand for efficient cooling solutions amid rising AI workloads.
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Frore Systems Inc. raised $143 million in Series D funding, achieving a valuation of $1.64 billion. The round was led by MVP Ventures with participation from Fidelity Management, Top Tier, Mayfield Fund, and Qualcomm Ventures.
Frore develops liquid cooling technology for AI chips, particularly the LiquidJet Nexus tray, which circulates coolant through 3-D channels to enhance heat dissipation. Founded eight years ago by former Qualcomm engineers, the company shifted focus to data centers due to the increasing demands of AI workloads. Frore plans to use the new capital to expand its manufacturing operations, currently located in Taiwan, to meet rising demand from cloud providers and enterprises.
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