LiquidStack

Marlborough, United States Founded: 2012 • Age: 14 yrs Acquired By Trane Technologies
Cooling solutions for data centers are provided through specialized platforms.
Annual revenue - Latest available
Total funding $30.0M 3 rounds
Employees 27 Tracked headcount
Investors 3 Known backers
Products 4 Services tracked
Competitors 10 Brand Intelligence

About LiquidStack

LiquidStack is a company based in Marlborough (United States) founded in 2012 by Joe Capes and Kar-Wing Lau was acquired by Trane Technologies in February 2026. LiquidStack has raised $30 million across 3 funding rounds from investors including Trane Technologies, Wiwynn and Tiger Global. The company has 27 employees as of December 31, 2023. LiquidStack offers products and services including CDU Direct to Chip, Single Phase Immersion, Two Phase Immersion, and Full Lifecycle Services. LiquidStack operates in a competitive market with competitors including TAS, Green Revolution Cooling, CoolIT Systems, Iceotope and Asetek, among others.

  • Headquarter Marlborough, United States
  • Employees 27 as on 31 Dec, 2023
  • Founders Joe Capes, Kar-Wing Lau
  • Sectors
    Technology
  • Email
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  • Legal Name Liquidstack Holding B.V.
Operational Areas
Technology → Cloud, Data & Analytics Infrastructure Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $30 M (USD)

    in 3 rounds

  • Latest Funding Round
    $20 M (USD), Series B

    Sep 19, 2024

  • Investors
  • Employee Count
    27

    as on Dec 31, 2023

  • Acquired by
    Trane Technologies

    (Feb 10, 2026)

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Products & Services of LiquidStack

LiquidStack offers a comprehensive portfolio of products and services, including CDU Direct to Chip, Single Phase Immersion, Two Phase Immersion, and Full Lifecycle Services.

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Primary

Efficient cooling for AI chips and servers with optimized energy use.

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High-capacity solution for data center heat transfer and rejection.

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Advanced technology for superior thermal management in dense environments.

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Comprehensive installation and maintenance for liquid cooling systems.

People of LiquidStack

Headcount 10-50
Employee Profiles 19
Employee Profiles
People
Daniel Liang
Sr Mechanical Engineer
People
Ed King
Chief Innovation Officer
People
Kevin Roof
Director Of Offer & Capture Management
People
Joe Capes
Chief Executive Officer

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Funding Insights of LiquidStack

LiquidStack has successfully raised a total of $30M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in LiquidStack

LiquidStack has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Trane Technologies, Wiwynn and Tiger Global.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture and private equity investments are managed with global diversification.
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HVAC and refrigeration systems are designed, manufactured, and sold worldwide.
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Computing and storage products for data centers are supplied.
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Investor details for LiquidStack

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Investments & Acquisitions by LiquidStack

Investments
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Investment portfolio details for LiquidStack

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Financial Statements - LiquidStack

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Detailed financials for LiquidStack

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Liquidstack Comparisons

LiquidStack Primary company
Description
Cooling solutions for data centers are provided through spec...
Location
Marlborough, United States
Founded Year
2012
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
27
As of 2023
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Peer comparison for LiquidStack

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Competitors of LiquidStack

LiquidStack operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TAS, Green Revolution Cooling, CoolIT Systems, Iceotope and Asetek, among others.

Company Name Domain Founded year HQ Location Description
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TAS is recognized for providing innovative modular construction solutions.
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Oil immersion cooling solutions for data centers are provided.
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Provider of direct contact liquid cooling system for data centers and desktop systems
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Liquid cooling solutions for data centers are provided by Iceotope.
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Cooling and energy solutions for data centers are developed.
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Detailed competitors of LiquidStack

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Latest news on Liquidstack

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Complete news archive for LiquidStack

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Frequently Asked Questions about LiquidStack

LiquidStack was founded in 2012 and raised its 1st funding round 9 years after it was founded.

LiquidStack is headquartered in Marlborough, United States. It is registered at Marlborough, Massachusetts, United States.

Joe Capes is the current CEO of LiquidStack. They have also founded this company.

LiquidStack is a funded company, having raised a total of $30M across 3 funding rounds to date.

As of Dec 31, 2023, the latest employee count at LiquidStack is 27.

LiquidStack was founded in 2012 and is based in Marlborough, United States. Data center cooling systems are developed and supplied by the company within the technology infrastructure sector. Operations focus on managing heat from applications and chips via features including heat rejection mechanisms, configuration tracking, integrated dry cooler skids, convenience lighting, receptacles, fire suppression systems, and tank-based immersion cooling. Services support efficient thermal management across various deployments.

LiquidStack's top competitors include Iceotope, TAS and CoolIT Systems.

LiquidStack offers CDU Direct to Chip, Single Phase Immersion, Two Phase Immersion, and Full Lifecycle Services.

LiquidStack has 3 investors. Key investors include Trane Technologies, Wiwynn, and Tiger Global.

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