Sustainable Water Company Infinite Cooling Closes $12.25M Series A Round Led By Material Impact
06/29/21, 11:02 AM
Location
somervilleMoney raised
$12.3 million
Round Type
series a
Infinite Cooling Inc., a technology company focused on reducing water consumption and enabling sustainable industrial cooling, today announced it has closed $12.25 million in Series A financing led by Material Impact. The company will use the funds to amplify the company’s momentum, deploy its product on large-scale facilities, and expand its growing customer base.
Company Info
Location
somerville, pennsylvania, united states
Additional Info
Infinite Cooling’s mission is simple: to change the way industries around the world consume freshwater. Its WaterPanel™ technology helps power plants and other industrial processes reduce their water consumption and water treatment costs by recovering water from their cooling tower exhaust. Developed at MIT, Infinite Cooling’s technology uses electric fields to capture water from the plumes leaving cooling towers. The company is a mission-driven and growing startup based in Somerville, Massachusetts focused on becoming a global technology leader in industrial water applications. Co-founded by Maher Damak, Ph.D, Karim Khalil, Ph.D and Professor Kripa Varanasi, Infinite Cooling has won the MIT $100K, MassChallenge, the DOE National Cleantech Competition and several federal grants from DOE and NSF.