Frore Systems develops liquid-cooling systems for semiconductor chips and boards and was founded by two former Qualcomm engineers. The company began by creating air-cooling technology for phones and other small fanless electronics before pivoting toward liquid cooling for high-performance chips. That shift was inspired after a demonstration to Nvidia CEO Jensen Huang about two years ago, and Frore has since released products compatible with various Nvidia chips and boards. Frore has also developed cooling products for Qualcomm and AMD. Financially, the company has raised $340 million in total and completed a $143 million Series D that values it at $1.64 billion. The company is described as eight years old in the reporting.

Total raised

$323M

Funding rounds

3

Latest round

Series D

Latest activity

Mar 2026