Submer funding news – Barcelona-based Submer Secures $55.5Million in Funding

In the age of rising chip Thermal Design Power (TDP) driven by innovative applications like AI, datacenters are consuming substantial amounts of energy and water. Traditional cooling methods are proving insufficient, making immersion cooling the sustainable and scalable solution to address these critical challenges.

Read also - Harmonic Security funding news – London-based Harmonic Security Raises $17.5Million in Series A Round Funding

Submer is dedicated to building sustainable waterless data centers to pave the way for a greener future and create a more efficient, planet-friendly data center industry. Their focus on fueling growth and global expansion is a testament to their commitment to making a positive impact on the environment.

Submer has set its sights on global expansion, with a primary emphasis on enhancing its footprint in crucial markets like the U.S. and APAC regions.

Pol Valls, Founder & CFO at Submer, “We are grateful for the strong interest from investors and are thrilled to partner with the ones who align with our sustainability values. With this strong backing, we are very well positioned to continue to lead the liquid immersion cooling market and meet the growing demands of hyperscale data centers, enabling us to scale faster with our customers, while remaining focused on driving both growth and meaningful impact in our industry.”

Thrilled to announce that M&G Catalyst, Planet First Partners, and Norrsken VC are onboard as investors, sharing Submer's dedication to sustainability and environmental responsibility. Their support not only boosts our growth but also meets the rising demand for greener solutions in tech.

Aligned with Article 9 of the European Union’s Sustainability Financial Disclosure Directive (SFDR) and its Green Taxonomy, these investors champion companies making a positive impact. This alignment not only guides investments towards sustainable options but also fosters a market focused on sustainability.

M&G’s latest investment was made by Catalyst, the firm’s £5 billion purpose-led flexible private assets strategy. Catalyst focuses on investing in innovative solutions to address significant environmental and social challenges globally. This investment was made on behalf of the £126 billion Prudential With-Profits Fund, benefiting its approximately 5 million customers.

Global Head of Catalyst Investments at M&G, Niranjan Sirdeshpande, says: “As the global demand for AI and data capacity accelerates, we see Submer's technology as a critical solution to alleviate the intensive energy and water requirements of digital infrastructure. We are excited to be supporting the company at this important time as they scale their products and services globally.”

About Submer

Submer are revolutionizing cooling and automation for data & energy-intensive environments with their cutting-edge, highly-efficient, and sustainable technologies. At Submer, they tackle today's challenges and pave the way for future applications.

Their solutions enable data centers to operate at peak efficiency, offering a range of products, platforms, APIs, and installations. They empower hyperscalers, colocation facilities, and large industries to achieve unparalleled levels of efficiency and drive innovation to new heights.