Global Infrastructure SherpaFrore Systems raises $143M in Series D funding for liquid cooling technology deployment in data centers
Frore Systems secured $143 million in a Series D funding round led by MVP Ventures, achieving a $1.64 billion valuation. The capital will accelerate deployment of its LiquidJet, LiquidJet Nexus, and AirJet cooling systems in data center and Edge computing environments. The LiquidJet Nexus system, launched in March 2026, integrates semiconductor-manufactured coldplates designed to match high-power AI chips like Nvidia GPUs, enabling higher rack density and eliminating traditional liquid cooling components such as hoses and manifolds. This investment brings Frore’s total raised capital to $340 million, supporting its global scale-up amid rising thermal demands in AI infrastructure. The deal was announced on March 19, 2026, with participation from nine institutional investors including Fidelity and Qualcomm Ventures.
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- Frore Systems raised $143 million in Series D funding
- MVP Ventures led the funding round
- Nine institutional investors participated, including Fidelity and Qualcomm Ventures
- Frore Systems' total raised capital is $340 million
- The funding round was announced on March 19, 2026
Source Intelligence
The investment brings Frore’s total raised capital to $340 million. The LiquidJet Nexus system uses semiconductor-manufactured coldplates designed to match high-power AI chips like Nvidia GPUs, enabling higher rack density and eliminating traditional liquid cooling components such as hoses and manifolds. Quote: "California-based Frore has now raised $340 million in total, and the Series D round was led by MVP Ventures..." and "By integrating this coldplate with the other components required to deliver the coolant, Frore claims it can eliminate the need for the hoses, connectors, and manifolds usually found in liquid cooling systems."
"Frore Systems has raised $143 million in a Series D funding round that values the liquid cooling vendor at $1.64 billion."
"The Series D round was led by MVP Ventures, with participation from Fidelity Management & Research Company, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures."
"The Series D round was led by MVP Ventures, with participation from Fidelity Management & Research Company, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures."
"The Series D round was led by MVP Ventures, with participation from Fidelity Management & Research Company, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures."
"The Series D round was led by MVP Ventures, with participation from Fidelity Management & Research Company, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures."
"The Series D round was led by MVP Ventures, with participation from Fidelity Management & Research Company, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures."
"The Series D round was led by MVP Ventures, with participation from Fidelity Management & Research Company, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures."
"The Series D round was led by MVP Ventures, with participation from Fidelity Management & Research Company, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures."
"The Series D round was led by MVP Ventures, with participation from Fidelity Management & Research Company, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures."
"The Series D round was led by MVP Ventures, with participation from Fidelity Management & Research Company, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures."
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