Jinfu Technology raises $44M to fund liquid-cooling expansion
What's the deal? Jinfu TechnologyDealroom has a profile for this one. Try Dealroom → has raised US$40.6M (roughly $44 million) through a private placement of A-shares, the company said on September 22, 2026. It issued 8.53 million new shares at US$4.84 each; the shares list on the Shenzhen Stock Exchange on September 28.
Where's the money going? All of it. The full proceeds fund three liquid-cooling capacity projects: a cold-plate production base and expansions at subsidiaries Zhuohui MetalDealroom has a profile for this one. Try Dealroom → and Lianyi ThermalDealroom has a profile for this one. Try Dealroom →.
What does it do? Jinfu makes liquid-cooling components for high-performance servers, including system piping, flow-channel parts, and cooling modules for key internal server locations. Its products target AI servers, large data centres, and high-end computing hardware.
Why now? The company is racing to clear a capacity bottleneck as AI computing demand surges. It has acquired 51% stakes in both Zhuohui Metal and Lianyi Thermal, folding their welding, forming, and testing expertise into its liquid-cooling push.
By the numbers: Research and development spending reached US$3.71M in the first half of 2026, up 81.88% year on year. The projects aim to boost self-sufficient, large-scale output of high-end cold plates and precision cooling components while shortening delivery times and cutting costs.
What's the endgame? Jinfu has entered the supply chains of leading customers including Auras TechnologyDealroom has a profile for this one. Try Dealroom →, PowerleaderDealroom has a profile for this one. Try Dealroom →, and Cooler MasterDealroom has a profile for this one. Try Dealroom →, with products ultimately used in servers for firms such as Nvidia and GoogleDealroom has a profile for this one. Try Dealroom →. Because cooling suppliers tend to lock in once inside a customer's system, switching costs are high — an advantage Jinfu wants to press.
The signal: Liquid cooling is displacing air cooling as AI servers push up heat loads. MarketsandMarkets projects the global data-centre liquid-cooling market will grow from about $2.84 billion in 2025 to roughly $21.14 billion by 2032, a compound annual growth rate near 33.2%. Jinfu's raise is a bet that scaling production now captures that demand.
Read more: sohu.com
Image credit: Generated with Gemini
