SHERIDAN, WYOMING - April 14, 2026 - Frore Systems, Inc., a Silicon Valley-based thermal technology company, has closed a $143 million Series D funding round, pushing its valuation to $1.64 billion and achieving unicorn status. The milestone aligns with the March 2026 commercial launch of LiquidJet Nexus, an integrated lightweight coldplate system engineered for half-U compute trays in hyperscale data centers and AI factories. The company operates two distinct product lines - LiquidJet for data center direct-to-chip liquid cooling, and AirJet for solid-state active cooling in industrial embedded and consumer devices - with both now at volume production stage and integrated into products from more than 20 OEM brands worldwide.
Business Impact
The $143M Series D provides Frore with capital to scale commercial deployment across a customer base that already spans more than 20 OEM brands, spanning data center, industrial embedded, and consumer device segments. The company's patented cooling technologies apply semiconductor fabrication techniques to metal wafers - a manufacturing approach that differentiates its coldplates structurally from conventional stamped or machined copper solutions. Industry analyst Patrick Moorhead, CEO and Chief Analyst at Moor Insights & Strategy, stated: "I believe Frore Systems has reinvented thermal technology with its AirJet chip that doubles active heat removal with a thinner, silent solution that provides greater performance." The unicorn valuation positions Frore as a capitalized tier-1 supplier in a segment where thermal management has become a binding constraint in AI compute buildouts.
LiquidJet Nexus: Data Center Specifications
LiquidJet Nexus is an integrated coldplate system for half-U compute trays, eliminating the hose and connector architecture that adds failure risk and maintenance overhead in dense server configurations. Published specifications include an inlet temperature support of 53°C, a total system weight of 2.5 kg, zero hoses and connectors, and a 65% reduction in thermal stack weight. Frore claims 2x higher hotspot power density and 75% higher KW/LPM versus conventional direct-to-chip liquid cooling approaches; the system is 100% liquid cooled and customizable to any power map. The broader LiquidJet platform launched in October 2025; the Nexus variant, optimized for AI factory half-U trays, launched in March 2026.
AirJet Platform: Solid-State Edge Cooling
AirJet is Frore's solid-state active cooling product line for industrial embedded and consumer devices where conventional fans are not viable due to form factor, environmental sealing, or acoustic requirements. The AirJet Mini G2 removes 7.5 watts of heat with no moving parts and is rated for silent operation, dustproof, water-resistant, and vibration-free conditions. The platform has reached mass production across three generations: AirJet Mini Slim in September 2023, AirJet PAK in December 2024, and AirJet Mini G2 in August 2025. Josh Newman, VP & GM of Mobile Platforms at Intel, stated: "Intel is excited about the engineering collaboration with Frore Systems to help ready their technology for future Intel Evo laptops." Phison Technology has also integrated AirJet into SSD products.
Manufacturing Footprint and Addressable Segments
Frore Systems is headquartered in Silicon Valley, with manufacturing operations based in Taiwan. The company's addressable segments span hyperscale AI data centers, industrial embedded systems, gaming devices, mini PCs, 5G hotspots, compact cameras, and automotive infotainment. The ZBOX PI430AJ, produced with Zotac, is commercially available as the world's first solid-state active cooled Mini PC using AirJet technology. Application development is documented for robotics, drones, portable ultrasound, AR/VR, dental scanners, avionics, and automotive LiDAR - all segments where passive cooling is insufficient and conventional fans are not deployable.
Key facts:
- Frore Systems closed a $143M Series D round at a $1.64 billion valuation
- LiquidJet Nexus launched March 2026 for ½U AI factory compute trays; system weighs 2.5 kg, supports 53°C inlet temperature, and eliminates all hoses and connectors
- LiquidJet Nexus claims 2x higher hotspot power density and 75% higher KW/LPM versus conventional direct-to-chip cooling
- AirJet Mini G2 entered mass production August 2025, rated to remove 7.5W with no moving parts
- 20+ OEM brands globally integrate Frore cooling solutions; manufacturing operations are based in Taiwan