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JetCool closes USD 17 million Series A led by Bosch Ventures

JetCool's proprietary liquid cooling technology overcomes overheating and sustainability challenges in data centers, High Performance Computing and AI applications.

  •  Bosch Ventures leads the USD 17 million Series A funding round of Jetcool, the investment round includes participation from leading technology investors such as In-Q-Tel, Raptor Ventures, and Schooner Capital.
  •  The funds will be used to fuel global growth and further expand the company’s roadmap of next-generation liquid cooling solutions to match the growing demand for AI and high-density computing while reducing data center water usage and energy costs significantly.
  •  As a leading deep tech investor, Bosch Ventures is proud to support JetCool in their mission to provide a high performance and environmentally conscious cooling solution for data centers.
Tim Wieland

Tim Wieland

X

Stuttgart, Germany – Bosch Ventures, the corporate venture capital company of the Bosch Group, has completed an investment in JetCool. JetCool is an innovative liquid cooling technology provider, transforming data center cooling performance at chip level. "In the rapidly evolving tech landscape, with advanced AI platforms and complex chip designs, there's an urgent need to address increasing heat, power, and water consumption in data centers", said Bernie Malouin, JetCool CEO. "With support from Bosch Ventures, In-Q-Tel, and our current investors, JetCool is poised to meet this demand and revolutionize the cooling industry."

JetCool designs and delivers a proprietary microconvective cooling technology for high-power electronics, enabling customers in the data centers and high-performance computing to achieve unprecedented compute performance and significant sustainability improvements. Their fluid-to-package/fluid-to-die cooling techniques eliminate all thermal pastes and thermal interface materials, minimizing thermal resistance and therefore improving cooling efficiency.

Saving Water & Energy to enable the AI and High-Density Chip Boom

In the era of Generative AI and dense chip architectures, JetCool's proprietary cooling technology is essential for addressing overheating, enhancing performance, and prolonging the lifespan of computing systems, ensuring they operate at their peak potential without compromising on efficiency or durability. JetCool plays a pivotal role not only in powering high-performance computing and AI operations but also in leading sustainability efforts within the data center industry. Jetcool can help to reduce the water consumption of data centers by up to 90% and reduce the energy costs by up to 18%. According to JetCool’s published white paper, a widespread adoption of their technology in the United States alone could save up to 11.1billion kWh in electricity and 150 billion liters of water per year while averting 35 million metric tons of CO2 emissions globally.

“When next-generation technology meets a real and rapidly rising market need, it is essential to capitalize on that momentum and continue to expand the global opportunity,” said Ingo Ramesohl, Managing Director of Bosch Ventures. “JetCool is well positioned to significantly transform the liquid cooling industry, and this capital infusion will help drive continued leadership and innovation in this emerging, but soon-to-be essential, technology category.”

The investment also follows two significant industry partnerships forged by JetCool earlier this year. In May, JetCool debuted its SmartPlate System in collaboration with Dell Technologies’ next-generation PowerEdge servers. By adding JetCool's advanced liquid cooling to Dell PowerEdge servers, customers can deploy liquid cooling within the space of a traditional air-cooled server, maximizing server investments while achieving superior computing performance. In June, JetCool announced a collaboration with DuPont to increase the adoption of advanced liquid cooling technology and create a distribution channel to target semiconductor companies in Taiwan and Singapore.

JetCool raised USD 17 million in a Series A funding round led by Bosch Ventures and joined by new investors, including In-Q-Tel. Previous investors Schooner Capital, Raptor, RS Stata and MassVentures also participated in the round.

Contact person for press inquiries:

Chris Ferle

phone: +49 711 811-18583

About Bosch

Having established a presence in North America in 1906, today the Bosch Group employs 37,000 associates in more than 100 locations in the region (as of Dec. 31, 2022). Bosch generated consolidated sales of $15.1 billion in the U.S., Canada, and Mexico in 2022. For more information visit www.bosch.us, www.bosch.ca and www.bosch.mx.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide (as of December 31, 2022). The company generated sales of 88.2 billion euros in 2022. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 85,500 associates in research and development, of which nearly 44,000 are software engineers.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPress

Exchange rate: 1 EUR = 1.0538

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