Submer is proud to announce a closing of $12 million from international investors.
The investment mainly comes from:
- Norrsken VC, the Norrsken Foundation VC arm backing high-impact scalable tech companies founded by Niklas Adalberth, the co-founder of Klarna.
- A US-based co-investment from Tim Reynolds, a retired co-founder of Jane Street Capital. Tim experienced the data center efficiency, density and cost challenges and saw in Submer a great solution to these problems.
- And a follow-on investment from Mundi Ventures.
“The Series A fundraise, represents for Submer the perfect opportunity to bring forward our ambitious and necessary mission to build datacenters that make sense – bringing high efficiency, density and sustainable innovation for data centers anywhere in the world’”, said Pol Valls, Co-founder and CIO of Submer.
“The next steps are even more exciting as we see major industry stakeholders, including the server manufacturers, embrace and adopt immersion cooling. Submer is here to enable a new generation of datacenters by solving performance, efficiency and automation challenges of today and power the use cases of the future”, added Daniel Pope, Co-founder and CEO of Submer.
“We are growing fast, and expanding our activity worldwide. Our recent partnerships with Kaori, and the hiring of experienced professionals of the datacenter and IT industry such as ex Microsoft and Dell Clinton O’ Leary (Regional Director in the Middle East and Africa), ex-Apple and Yahoo Scott Noteboom (appointed CTO about a year ago) and, recently, CJ Bruno, the former Corporate Vice President and General Manager of Intel Americas – reflect the new stage Submer has entered. We are working together with the best professionals of the industry to really make a change and help datacenters and hyperscalers find a more practical, sustainable and smarter way of doing business”, explained Adrian Whelan, VP of Partners and Business Development at Submer.
“Data centers power human advancement. Their role as a core infrastructure has become more apparent than ever and emerging technologies such as AI and IoT will continue to drive computing needs. However, the environmental footprint of the industry is growing at an alarming rate. We are happy to back Submber who is leading the way in providing environmentally sustainable data centers”, Alexander Danielsson, investment manager at Norrsken VC.