Hi, climate leaders 👋 

Hope everyone is having a good time at NYC Climate Week!

Today at a glance:

• Introducing Ferveret

• Detailing their business model, tech, traction and team

• Why do we need this now?

• What is the climate impact?

• How you can help them!

-  Angelica 💜

Featured Startup: Ferveret

Today’s climate startup feature is Ferveret. Ferveret develops liquid cooling solutions inspired by nuclear power plant cooling for data centers and cryptocurrency mining farms.

Ferveret Fast Facts

How was Ferveret Born?

Driven by a passion for innovation and thermal engineering, the co-founders of Ferveret, Reza and Matteo, earned Ph.D.s in their respective fields. Reza, transitioning to industry, witnessed the challenges of cooling in data centers firsthand. The noise from fans maintaining server temperatures was not only annoying but also inefficient. The high energy consumption of these cooling methods also raised concerns. Motivated by these inefficiencies and their expertise, our founders believed in a better cooling alternative. This led to the creation of Ferveret, aiming to revolutionize data center cooling and set a new standard for sustainable digital infrastructure.

Headquarters

San Jose, CA

Technology

Ferveret utilizes a phenomenon known as subcooled nucleate boiling, which enables the efficient removal of high heat fluxes from processors and other heat-generating components. In comparison to traditional two-phase cooling methods, our technology significantly improves performance and reduces fluid loss by recondensing the vapor back into liquid form within the liquid, resulting in minimal vapor plenum within our tank.

Business Model

Although Ferveret has made substantial progress, they are currently keeping partnerships, business model, and customer base confidential. Recently, Ferveret has been collaborating with notable enterprise companies and leaders in the cryptocurrency industry.

Market Opportunity

Ferveret is focusing on two markets: Data Centers and Crypto Mining. Data centers are currently dirty and expensive. If nothing changes, they will produce 14% of the world's carbon emissions by 2040. About 40% of these emissions come from inefficient cooling, which is costly for companies. Similarly, crypto mining emits a lot of CO2 and causes environmental, noise, and water problems. The price of crypto also requires more efficient mining infrastructure to stay competitive. Both industries also lose money on frequent maintenance and hardware replacements. Finding more efficient solutions benefits both the environment and business profits.

Traction

• Achieved multiple revenue milestones and pilot projects

• Backed by incredible investors like Y Combinator and MIT Media Labs E14 Fund

Founders

Dr. Reza Azizian: Co-founder & CEO

• Completed his postdoctoral research and a portion of

  his Ph.D. at MIT

• Has over 10 years of experience in the electronic cooling industry

• Before joining Ferveret, he designed a thermal solution for the Microsoft HoloLens and worked as a Senior Thermal Engineer at NVIDIA and Cruise

Dr. Matteo Bucci: Founder & CTO

• A faculty member at MIT and an expert in boiling heat transfer

• Outside of his core work, he is also a nuclear energy consultant and editor of Applied Thermal Engineering

• In 2022, the Department of Energy (DoE) awarded Matteo with the Distinguished Early Career Award

Why Now?

We are now living in a world that generates an unprecedented amount of data every day. We’ve seen remarkable advancements in software, with increasing amounts of information transitioning to the cloud. However, few are giving due attention to the very infrastructure that powers it.

Climate Impact

Ferveret’s solution offers:

• 96% less wasted energy

• 40% smaller footprint

• 2x CPU & GPU performance

Support Ferveret

Ferveret is open to connecting with anyone in the community interested in their mission.

Recent Climate Rounds

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• ReSeed raised a $4.6M Seed round to offer an end-to-end platform that incentivizes farmers to practice regenerative farming and remove carbon

• Cardino raised a $1.07M Pre-Seed round to to build a better secondary market for used electric cars

• Tap Electric raised a $1.07M Seed round to improve driver experiences with solutions for electric vehicle drivers and charger owners

• Emata raised a $2.4M Seed round to broaden its affordable loan service to farmers in East Africa

• Viboo raised a $1.68M Seed round to reduce your heating costs & carbon footprint by 20-40%

Cool Tools

• #OpenDoorClimate - Find climate professionals that are willing to chat

• Net Zero Insights - Market Intelligence on Climate Tech Startups

• Moonarch - Meet investors for your startup for free

• Remote Climate Jobs - Get remote jobs specific to your expertise delivered to your inbox every Wednesday

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