Dallas' Applied Digital Leads $25M Funding Round for Swiss-Based Chip Cooling Innovator

Dallas-based Applied Digital (Nasdaq: APLD)—a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for AI, cloud, networking and blockchain workloads—is the lead investor in a new $25 million funding round for Switzerland-based Corintis.

The Swiss company is developing advanced chip-cooling solutions designed to significantly improve efficiency and power density in data centers running the most demanding AI workloads, Applied noted.

Headquartered in Lausanne, Switzerland, with an office slated to open in Bellevue, Washington, Corintis specializes in direct-to-chip liquid cooling, utilizing microfluidic technology. The company’s unique generative design and manufacturing platform enables cooling to be “precisely adapted to the chip level,” which can be implemented as a cost-effective drop-in replacement to standard liquid cooling or integrated inside the GPU, Applied said.

Corintis’ solution supports up to 3 times lower temperatures compared to standard cold plates, along with higher power densities, improved energy efficiency, and lower environmental impact—all of which Applied Digital called “key requirements” at a time when AI workloads continue to push the limits of traditional data center design.

“As a category leader in high-performance AI Factories, Applied Digital is further accelerating its leadership position through strategic investments in technologies that will set the industry’s pace and define the future,” Wes Cummins, chairman and CEO of Applied Digital, said in a statement.

“Our investment in Corintis, together with our investment strategy, ensures that Applied Digital remains at the forefront of data center innovation, from power and cooling to other critical systems that enhance performance, scalability, and efficiency across our campuses,” Cummins added.

‘Unlocking the next wave’

The new investment brings Corintis’ total funding to $58 million. The company said the new funds will be used to expand its U.S. presence, ramp up its global footprint for manufacturing microfluidic cooling at scale, and accelerate customer rollouts, with multiple new tech giants signed since its recently announced Series A.

Remco van Erp, co-founder and CEO of Corintis, said Applied Digital’s investment “highlights the critical role of advanced cooling in unlocking the next wave of high-performance computing.”

“Optimization of AI infrastructure requires a holistic approach from silicon to infrastructure,” van Erp added in a statement. “Our technology is designed to meet the thermal challenges of today’s most powerful chips and enable the next generation of high-density, energy-efficient computing in a sustainable way by supporting higher coolant temperatures and reducing fresh water consumption.”

The Swiss CEO said his partnership with Applied Digital “strengthens Corintis’ role as a bridge between these critical domains and accelerates the adoption of our microfluidic cooling technology at scale.”

Investor is an Innovation Award winner

Last January, Applied Digital was named a winner at D CEO and Dallas Innovates’ 2025 Innovation Awards in the category of Innovation in Real Estate. That win followed the company’s strategic partnership with NVIDIA and $160 million financing round in September 2024, which positioned Applied Digital at the intersection of real estate and AI.

The Dallas company said its investment in Corintis “further advances Applied Digital’s thought leadership at the forefront of data center technology and deepens its influence across the ecosystem.”

Liquid cooling is a prerequisite for building ultra-high-density, GPU-based compute systems, Applied said, and this investment highlights the company’s focus on advancing technologies that “enhance efficiency, reliability, and sustainability across every layer of digital infrastructure.”