Observed Signal · Aug 20, 2024 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Serwas Technologies Raises €300K Pre-Seed for Heat-Reusing AI Servers
Serwas Technologies, an Innsbruck-based startup, has closed the first tranche of its pre-seed round, raising approximately €300,000. Gateway Ventures led the round as lead investor, with participation from business angels of the Pioneers Club and MCI Innsbruck. A second closing is planned for October to raise additional capital. The company installs its own servers inside buildings with high, constant heat demand such as swimming pools, hotels, and care facilities, using direct-to-liquid cooling to feed waste heat directly into the building's heating system. The first operational site is a public pool in Innsbruck, run in cooperation with Innsbrucker Kommunalbetrieben. Serwas initially used the compute power for Bitcoin mining but aims to shift focus to AI workloads in the medium term.
Funding round for an AI-compute infrastructure startup with a sustainable energy angle; relevant but niche to the AdTech/AI infrastructure ecosystem.
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Key Takeaways & Evidence Grounding
- Serwas Technologies raised approximately €300,000 in the first closing of its pre-seed round.
- Gateway Ventures acted as lead investor, with participation from Pioneers Club business angels and MCI Innsbruck.
- The company places servers in buildings with high heat demand, using direct-to-liquid cooling to reuse waste heat for heating.
- The first site is the Freizeitzentrum Amras swimming pool in Innsbruck, in cooperation with Innsbrucker Kommunalbetrieben.
- A second closing is planned for October, with focus shifting from Bitcoin mining to AI workloads.
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