GRC (Green Revolution Cooling), the leader in single-phase immersion cooling for data centres, has secured additional funds from Samsung Ventures to support its growth.
In this latest financing, Samsung Ventrues joins all of GRC's major shareholders, including HTS, SK Enmove, and ENEOS.
The funding follows significant milestones the company has achieved in the past 12 months, including the addition of new production-level customers, several new product releases, renewal of its ISO 9001:15 Quality Management System certification, an Engineering Alliance with Cisco, and a strategic partnership Park Place Technologies, a worldwide leader in data centre operation and maintenance services.
GRC CEO, Peter Poulin, said the company is delighted with this additional round of capital and vote of confidence from existing investors, as well as Samsung.
“With this additional capital GRC will continue to innovate and expand its collaboration with strategic partners to deliver low TCO, low risk integrated designs supported by local installation, operation and maintenance expertise,” he said.