Fundraise

Zhongke Qiancheng Technology raises angel+ round

What's the deal? Zhongke Qiancheng TechnologyDealroom has a profile for this one. Try Dealroom → has raised 30 million CNY (about $4.5 million) in an angel+ round. It develops phase-change liquid cooling technology for data centres and power transmission and distribution.

What's the endgame? The company builds phase-change cooling products and solutions for electronic information equipment and electrical gear. It has partnered with State GridDealroom has a profile for this one. Try Dealroom → and other utilities, and is working with industry leaders to deploy its technology in AI computing centres.

What's the money for? The funds will go toward in-house production of core phase-change cooling components, R&D and manufacturing capacity for key parts, and scaling deployment across multiple use cases. The goal is to speed up commercialisation of its cooling technology.

Why now? This is an angel+ round, signalling a quick re-raise after an earlier angel round. The timing aligns with rising demand for cooling as AI data centres push power and heat density higher.

The signal: Liquid cooling is becoming a critical layer of AI infrastructure as chips run hotter and denser. Backing a phase-change specialist with utility ties reflects investor appetite for the picks-and-shovels of the compute buildout.

Image credit: Generated with Gemini

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