Wed. Mar 29th, 2023

GRC Raises $28M in Series C Funding

GRC (Green Revolution Cooling), an Austin, Texas-based leader in single-phase immersion cooling for data centers, raised $28m in Series funding.

The round, which brought total funding to date to $43m, was led by SK Lubricants.

Led by Peter Poulin, CEO, GRC provides patented immersion-cooling technology that simplifies deployment of data center cooling infrastructure. By eliminating the need for chillers, CRACs, air handlers, humidity controls, and other conventional cooling components, enterprises reduce their data center design, build, energy, and maintenance costs. GRC’s solutions – deployed in twenty countries – are ideal for next-gen applications platforms, including artificial intelligence, blockchain, HPC, 5G, and other edge computing and core applications.

The company intends to use the funds to continue to build on the growth and milestones it has experienced over the last year, including a collaboration with Intel, significant end-user deployments with GRC Global Alliance Partners Dell and Vertiv in the financial services, telecommunications, and HPC sectors, the establishment of a UK subsidiary, installation of the ICEraQ® Series 10 at the Texas Advanced Computing Facility, its recently initiated pilot program allowing data center operators to take liquid immersion cooling for a test drive, and last year’s launch of the first annual Liquid Immersion Cooling Awareness Month. The new funding will also help GRC to continue to expand its international footprint and global headcount.




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