Cooling firm Xnrgy Climate Systems has secured new investment from Prologis and Capital Bridge Group.

Xnrgy, which provides liquid and air-cooling technologies as well as control systems, this week said it has completed its previously announced financing round with an investment from Capital Bridge Group and Prologis Ventures. The size of the round wasn’t disclosed.

Wais Jalali, founder, chairman, and CEO of Xnrgy, added: "We are thrilled to partner with Capital Bridge Group as we rapidly scale to meet customer demands for reliable and energy-efficient data center cooling solutions. The firm's expertise aligns perfectly with our vision for being the leader of the AI data center cooling market."

Founded in 2017, Xnrgy designs and manufactures HVAC (heating, ventilation, and air conditioning) systems. The company offers CRAH (computer room air handler) and CRAC (computer room air conditioning) systems, supporting cooling capacities from 60kW to more than 1MW, as well as chillers, fans, and dehumidifiers.

"Meeting the world's growing energy needs requires new approaches to efficiency," said William O'Donnell, global head of corporate development and growth at Prologis. "Our investment in Xnrgy helps advance the technology that supports the build-out of the data center infrastructure that our daily lives run on."

Other investors in the round include Decarbonization Partners (a joint venture between BlackRock and Temasek), Climate Investment (CI), and Activate Capital.

Activate Capital previously invested in Xnrgy earlier this year. Idealist Capital and MKB invested in the firm in 2023.

Earlier this year, Xnrgy announced the construction of Mesa 2, a new 330,000 sq ft (30,660 sqm) facility dedicated to producing its next-generation air-cooled chiller. The firm’s operational footprint across Mesa, Arizona, and Montreal, Quebec totals nearly one million sq ft (92,900 sqm).

Capital Bridge Group is a growth-stage investment and advisory firm founded by Michael Ronen, who was previously with Fortress Investment Group. Before that, he was partner and COO of global TMT banking at Goldman Sachs and a managing partner at SoftBank's Vision Fund.

Capital’s funding of Xnrgy is the firm’s inaugural investment. Ronen, managing partner of Capital Bridge Group, said: "We are very pleased to be working with Prologis, the global leader in logistics and data infrastructure real estate, as a partner to Capital Bridge and strategic investor in this round. As demand for AI-driven data centers accelerates globally, Xnrgy's advanced cooling and energy-efficient systems are uniquely positioned to become mission-critical infrastructure."