Submer, a company leading the charge in sustainable, waterless datacenters, has secured $55.5 million in a growth round led by M&G. The funds will help Submer expand globally and tackle the rising energy and water demands of datacenters driven by AI and other innovative technologies.
- $55.5M Growth Round: Led by M&G, with participation from existing investors like Planet First Partners, Norrsken VC, and Mundi Ventures, fueling Submer’s next growth phase.
- Sustainability Focus: Submer specializes in immersion cooling technology, a greener alternative to traditional cooling methods, reducing energy and water consumption in datacenters.
- Global Expansion Plans: Submer will use the funds to scale operations, focusing on expanding in key markets such as the U.S. and APAC regions.
- Investor Alignment: Investors like M&G Catalyst are committed to sustainability and environmental responsibility, aligning with Article 9 of the EU’s Sustainable Finance Disclosure Directive (SFDR).
Submer is poised to lead the future of sustainable datacenters. With strong financial backing and a commitment to eco-friendly innovation, the company is well-positioned to meet the growing global demand for greener digital infrastructure solutions.