Observed Signal · Apr 15, 2024 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Serwas Technologies Secures €300K Pre-Seed Funding
Austrian startup Serwas Technologies has closed the first tranche of its pre-seed round, raising nearly €300,000 led by Gateway Ventures. The company installs servers inside buildings with high heat demand, using direct-to-liquid cooling to feed waste heat into heating and hot water systems. Its first operational site is at a public swimming pool in Innsbruck, developed in cooperation with Innsbrucker Kommunalbetriebe. The funds will expand that site and help identify new locations. The startup targets AI workloads as a growth area, responding to constraints on traditional data center construction due to power and grid limitations. Other investors include business angels from Pioneers Club and MCI Innsbruck. A second closing is planned for October.
Small pre-seed round for a startup providing sustainable compute infrastructure for AI workloads, relevant to the broader tech ecosystem.
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Key Takeaways & Evidence Grounding
- Serwas Technologies raised nearly €300,000 in its first pre-seed closing.
- Gateway Ventures acted as lead investor in the round.
- The company uses direct-to-liquid cooling to transfer server waste heat into building heating systems.
- The first operational site is located in Freizeitzentrum Amras, Innsbruck, in cooperation with Innsbrucker Kommunalbetriebe.
- A second closing is planned for October to bring in additional investors.
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