tech

March 16, 2026

Another Deep Tech Chip Startup Becomes a Unicorn: Frore Hits $1.64B

At Nvidia CEO Jensen Huang's urging, Frore developed liquid-cooling tech for chips. That shift helped it just raise $143 million.

Another Deep Tech Chip Startup Becomes a Unicorn: Frore Hits $1.64B

TL;DR

  • Frore Systems raised $143 million in a Series D round, reaching a $1.64 billion valuation.
  • The company develops liquid cooling systems for semiconductors, not chips themselves.
  • The shift to liquid cooling for chips was influenced by Nvidia CEO Jensen Huang.
  • Frore's technology was initially designed for air-cooling small, fanless electronics.
  • The company has developed products for Nvidia, Qualcomm, and AMD chips.
  • The AI semiconductor field is seeing significant investment, with other recent unicorns like Positron and Recursive Intelligence.

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