Eindhoven-based Incooling, a company that designs and develops two-phase cooling system solutions for data centres, announced on Monday that it has closed a €3.5M pre-series A round of funding led by Pierburg Pump Technology, part of the Sensors and Actuators Division of Rheinmetall AG.
The Sensors and Actuators Division of Rheinmetall will also support the Dutch company with expertise in manufacturing and assembly processes.
Rudie Verweij, co-founder and CEO of Incooling, says, “Raising investment for hardware companies is not easy, especially in the semiconductor industry. We are so excited to partner up with a party that can provide capital, support in creating a world-class supply chain, and offer unprecedented expertise in building ultra-reliable high-tech systems. We look forward to bringing our solutions to our pilot customers”.
What does Incooling solve?
More data has been created in the past couple of years than ever in human history. It has resulted in the development of several data centres, which typically will use 20 per cent of all electricity, resulting in a massive CO2 impact.
Incooling tries to address the problem.
Given the current battle against climate change and the push towards more sustainable energy solutions, the Dutch company focuses on increasing energy efficiency through sustainable cooling practices in Data Centres.
Incooling: What you need to know
Incooling was founded after a joint initiative of the Eindhoven Startup Alliance with members including ASML and Philips, and led by the HightechXL deeptech venture.
Primarily created to cool the largest scientific experiment on the planet, the Large Hadron Collider at CERN, Incooling adapted the unique properties of phase cooling and designed a next-generation two-phase cooled server dedicated to the data centre industry.
The company’s server system featuring phase change cooling technology and AI-based control systems is designed to lower the temperature at which CPUs currently operate.
Incooling says its solution is ideal for the most demanding applications such as Artificial Intelligence (AI), High-Performance Computing (HPC), heavy R&D simulations, and high-frequency trading for banking solutions.
Rene Gansauge, CEO of Rheinmetall’s Sensors and Actuators division, says, “This is an important, future-oriented partnership and investment for us in the context of our strategic transformation. The cutting-edge technology of Incooling represents a perfect complement to the competencies of Rheinmetall. Rheinmetall will contribute with its expertise in thermal management, industrialisation competence, and as a technology partner. Together, we will create a digital and sustainable footprint.’’