GRC, a provider of single-phase immersion cooling for data centers, has secured investment from Samsung.

The company this week announced it has secured investment from Samsung Ventures to support its growth. Terms of the funding round weren’t shared.

Ventures joins GRC's major shareholders, including HTS, SK Enmove, and ENEOS in the latest financing, while Samsung’s C&T construction unit has entered into a strategic partnership with the company.

"GRC is delighted with this additional round of capital and vote of confidence from our existing investors, as well as our most recent investor, Samsung," said Peter Poulin, CEO, GRC.

"The company is well-positioned to meet the growing demands of the marketplace and will continue its legacy of leadership in data center single-phase liquid immersion cooling. With this additional capital, GRC will continue to innovate and expand its collaboration with strategic partners to deliver low TCO, low-risk integrated designs supported by local installation, operation, and maintenance expertise."

With some $2.5 billion in assets under management, Samsung Ventures is the strategic investment arm of Samsung Group. It has previously invested in AI chip startup EnCharge AI, AI firm Anthropic, cloud company ZConverter, RISC-V startup SiFive, and storage firm Pure Storage.

Samsung Construction and Trading E&C Group and GRC have also signed a business collaboration agreement.

"Samsung C&T E&C Group is excited to be collaborating with GRC. The collaboration with Samsung's C&T Data Center Biz Team and GRC includes the development of solution reference designs that rise to the thermal challenges of new AI, HPC, and Edge deployments," Samsung C&T said in a statement.

GRC was founded as Green Revolution Cooling in 2009 and provides single-phase immersion cooling technologies. It services both GPU and cryptomining applications, and claims deployments in 22 countries globally.

According to CrunchBase data, GRC has raised $35.4 million across five previous funding rounds. SK took a stake in the company in 2022.

SK Enmove VP green business office, Daejung Kim, added: "We warmly welcome Samsung to the growing family of GRC investors and immersion cooling collaborators. Through our shared commitment and investments in GRC, we aim to reduce the cost, complexity, and environmental impact of the world's digital infrastructure — paving the way for a more sustainable future."