Observed Signal · Sep 15, 2022 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Serwas Technologies Raises €300K Pre-Seed to Heat Buildings with Servers
Austrian startup Serwas Technologies has closed the first tranche of its pre-seed financing round, raising nearly €300,000. Gateway Ventures led the round, joined by business angels from the Pioneers Club and MCI Innsbruck. A second closing is planned for October. Serwas installs servers inside buildings with consistently high heat demand, such as swimming pools, hotels, care facilities, and large residential buildings. Its direct-to-liquid cooling technology routes server waste heat into the building's heating and hot water systems, reducing heating costs and CO₂ emissions. The first site is operational at the Freizeitzentrum Amras indoor pool in Innsbruck, in cooperation with Innsbrucker Kommunalbetriebe. Founded by Manuel Untergasser, Timo Berkmann, and Lucas Bolte, the company previously used compute capacity for Bitcoin mining and plans to shift toward AI workloads. The same page also features a separate interview with VERBUND's Martin Wagner on solar energy expansion for Austrian industry.
Small pre-seed funding for a niche Austrian startup repurposing server waste heat for building heating; signals growing decentralized compute and AI infrastructure trends but has limited direct AdTech/MarTech impact.
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Key Takeaways & Evidence Grounding
- Serwas Technologies raised nearly €300,000 in the first closing of its pre-seed round.
- Gateway Ventures led the round as lead investor; Pioneers Club business angels and MCI Innsbruck participated.
- A second closing is planned for October to bring in additional investors and capital.
- Serwas deploys servers in buildings and uses direct-to-liquid cooling to feed waste heat into heating and hot water systems.
- The first operational site is the Freizeitzentrum Amras indoor pool in Innsbruck, run in cooperation with Innsbrucker Kommunalbetriebe.
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