ZutaCore Valuation, Funding & Investors

ZutaCore is valued at $540M as of June 2026.

Last ZutaCore valuation

$540M

Series C · Jun 2026

Last ZutaCore funding round

$100M

Series C · Jun 2026

Cumulative funding ZutaCore raised

$100M

across 2 funding rounds

Key investors in ZutaCore

ZutaCore Overview

About ZutaCore

ZutaCore is a company building a global supply chain together with sales and marketing infrastructure.


Founded

2016

HQ

United StatesSan Mateo, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$540M (Jun 2026)

ZutaCore Valuation

ZutaCore is currently valued at $540M, based on its Series C in June 2026.

The $100M round was led by Mitsubishi Electric, with participation from Samsung Ventures and Carrier Ventures.

ZutaCore valuation by funding round

ZutaCore valuation by funding round
DateStageValuation
Jun 2026Series C$540M

ZutaCore Funding History

ZutaCore has raised a total of $100M across 2 funding rounds.

ZutaCore's first fundraising round was a undisclosed-stage round in April 2026. The most recent completed round was a $100M Series C in June 2026.

ZutaCore funding rounds

ZutaCore funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Series CMitsubishi Electric (lead); Samsung Ventures; Carrier Ventures$100M$540MCarrier Ventures expanded its investment in ZutaCore on April 29, 2026, building on Carrier’s 2025 investment to support direct-to-chip, waterless liquid cooling for high-density AI data centers and strengthen Carrier’s integrated thermal management offering. The strategic rationale was to address rising AI chip power densities and scale liquid-cooling capabilities for data center customers; Carrier described the move as part of its broader AI strategy and its QuantumLeap thermal and integrated management suite. ZutaCore’s technology is described as a closed-loop, two-phase, direct-to-chip waterless liquid cooling system designed to remove heat at the source and improve energy efficiency. ZutaCore is a Foster City, California-based company focused on direct-to-chip, waterless liquid cooling for data centers. The company later announced a $100M+ Series C on June 2, 2026, with investors including Mitsubishi Electric, Carrier Ventures, and Samsung Electronics via Samsung Ventures.
Apr 2026Undisclosed stageCarrier Ventures (lead)---

Who has invested in ZutaCore?

3 investors have backed ZutaCore across its funding rounds, including Carrier Ventures, Samsung Ventures and Mitsubishi Electric.

Lead investors include Mitsubishi Electric and Carrier Ventures.


ZutaCore Investors

Investors in ZutaCore by funding rounds participated
InvestorHQRoundsRoleFirst check
Carrier VenturesUnited StatesWest Palm Beach, FL2LeadApr 2026

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ZutaCore Competitors

ZutaCore competitors include listed companies like Edarat Group, Kinx and Northern Data, and private ones like Tensordyne, DataBox and Submer.

Public and private companies comparable to ZutaCore
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Edarat GroupSaudi ArabiaSaudi ArabiaPublicly listed$51M$12M$550M-
TensordyneUnited StatesSan Francisco, CAPrivate--$569M-
DataBoxChinaSuzhouPrivate--$500M-
SubmerSpainBarcelonaPrivate--$500M-
KinxSouth KoreaSouth KoreaPublicly listed$116M$37M$487M4.6x
Northern DataGermanyGermanyPublicly listed$92M($36M)$624M-

ZutaCore Public Comps

ZutaCore is still privately-owned, but its public comps include Edarat Group, Kinx, Northern Data, Bahnhof, Whitefiber, Digi Power X, 2CRSI, Corvex, Chief Telecom and GO plc.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Edarat Group$51M$12M10.6x-44.5x-
Kinx$116M$37M4.5x4.6x14.1x15.6x
Northern Data$92M($36M)15.4x-(39.8x)-
Bahnhof$226M$36M2.7x-17.3x-
Whitefiber$79M($2M)12.1x7.9x(412.2x)25.8x
Digi Power X$34M($22M)7.0x6.6x(11.0x)(0.0x)
2CRSI$254M$8M3.0x1.2x98.0x14.7x
Corvex$433K($15M)2054.0x-(57.9x)-

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Common questions about ZutaCore

When was ZutaCore founded?ZutaCore was founded in 2016.
Where is ZutaCore headquartered?ZutaCore is headquartered in San Mateo, CA, United States.
Is ZutaCore publicly listed?No, ZutaCore is a private, VC-backed company.
What is ZutaCore's valuation?ZutaCore was last valued at $540M in its Series C in June 2026.
How much funding has ZutaCore raised?ZutaCore has raised $100M across 2 funding rounds.
What was ZutaCore's last funding round?ZutaCore's last funding round was a $100M Series C in June 2026, led by Mitsubishi Electric.
Who are ZutaCore's investors?ZutaCore's investors include Carrier Ventures, Samsung Ventures and Mitsubishi Electric.
Which companies are comparable to ZutaCore?Companies comparable to ZutaCore include Edarat Group, Tensordyne, DataBox, Submer, Kinx and Northern Data.

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