Another deep tech chip startup becomes a unicorn: Frore hits $1.64B
Semiconductor startup Frore Systems achieved a $1.64 billion valuation after raising $143 million in a Series D round.Summary
Frore Systems, an eight-year-old semiconductor startup specializing in liquid cooling systems for chips, announced it raised $143 million in a Series D funding round, leading to a $1.64 billion valuation. The company has now raised a total of $340 million. Founded by former Qualcomm engineers, Frore initially developed air-cooling technology for small electronics but pivoted to liquid cooling after a demo with Nvidia CEO Jensen Huang two years ago. Their current liquid-cooling products are compatible with various Nvidia, Qualcomm, and AMD chips and boards. This funding round follows a trend of heavy investment in AI semiconductor infrastructure, with other recent unicorns in the space including Positron and Recursive Intelligence.
(Source：TechCrunch)