Observed Signal · May 13, 2024 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Serwas Technologies Raises €300K Pre-Seed for Waste Heat Computing
Innsbruck-based startup Serwas Technologies closed the first tranche of its pre-seed round, raising nearly €300,000. The round is led by Gateway Ventures, with participation from Business Angels from Pioneers Club and MCI Innsbruck. Serwas deploys servers directly inside buildings with high heat demand, such as swimming pools and hotels, using direct-to-liquid cooling to channel waste heat into heating and hot water systems. The first location is an Innsbruck swimming pool, operated in cooperation with Innsbrucker Kommunalbetriebe. The company plans to expand to additional buildings and shift from Bitcoin mining to AI workloads. A second closing is scheduled for October to secure further capital.
Small pre-seed funding for a startup providing sustainable compute infrastructure for AI workloads; relevant to AI infrastructure but not a major industry shift.
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Key Takeaways & Evidence Grounding
- Serwas Technologies completed the first closing of its pre-seed round, raising nearly €300,000.
- Gateway Ventures led the investment round.
- Business Angels from Pioneers Club and MCI Innsbruck also participated.
- Serwas uses direct-to-liquid cooling to feed server waste heat into building heating systems.
- The first operational site is located in the Freizeitzentrum Amras swimming pool in Innsbruck.
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