Carrier Global Corporation’s venture arm, Carrier Ventures, announced a follow‑on investment in California‑based ZutaCore on April 29, 2026, increasing its stake in the company that develops direct‑to‑chip, waterless liquid cooling solutions for high‑density AI data centers.
ZutaCore’s HyperCool® technology removes heat directly at the chip source using a closed‑loop, two‑phase system. By integrating this technology with Carrier’s QuantumLeap™ suite of thermal and integrated management solutions, the partnership aims to deliver end‑to‑end cooling systems that can support next‑generation AI workloads such as NVIDIA’s Blackwell and Vera Rubin architectures.
The investment aligns with Carrier’s strategy to capture the rapidly expanding data‑center cooling market. Industry estimates project the global liquid‑cooling segment to reach $6 billion in 2026, while Carrier’s own guidance suggests a 50 % increase in data‑center revenue for 2026. The company’s Q4 2025 earnings call highlighted a nearly 50 % rise in commercial HVAC orders driven by key data‑center wins, positioning Carrier for a sixth consecutive year of double‑digit growth in that business.
Carrier’s Vice President of Global Data Centers, Christian Senu, explained that “AI is fundamentally reshaping data‑center architecture, and thermal management is a key constraint to scale.” He added that the partnership strengthens Carrier’s ability to deliver advanced liquid cooling solutions that help customers scale high‑density AI infrastructure efficiently and with improved energy performance.
ZutaCore’s Chairman and CEO, Erez Freibach, noted that the expanded partnership reflects the need for new approaches to data‑center cooling. He emphasized that combining ZutaCore’s waterless, direct‑to‑chip technology with Carrier’s system‑level expertise enables the next generation of high‑density AI data centers.
The specific amount of Carrier’s follow‑on investment was not disclosed. However, the move signals a continued commitment to the climate‑smart, high‑performance solutions segment and reinforces Carrier’s broader portfolio transformation toward a pure‑play climate and energy solutions leader.
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