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- ZutaCore
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
Carrier Ventures
Samsung Ventures
Mitsubishi Electric
About ZutaCore
ZutaCore is a company building a global supply chain together with sales and marketing infrastructure.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$540M (Jun 2026)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Jun 2026 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Series C | Mitsubishi Electric (lead); Samsung Ventures; Carrier Ventures | $100M | $540M | Carrier 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 2026 | Undisclosed stage | Carrier 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Apr 2026 | ||
This data is available for Pro users. Sign up to see all 3 ZutaCore investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialZutaCore Competitors
ZutaCore competitors include listed companies like Edarat Group, Kinx and Northern Data, and private ones like Tensordyne, DataBox and Submer.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $51M | $12M | $550M | - | ||
| Private | - | - | $569M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $116M | $37M | $487M | 4.6x | ||
| Publicly 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $51M | $12M | 10.6x | - | 44.5x | - | |||
| $116M | $37M | 4.5x | 4.6x | 14.1x | 15.6x | |||
| $92M | ($36M) | 15.4x | - | (39.8x) | - | |||
| $226M | $36M | 2.7x | - | 17.3x | - | |||
| $79M | ($2M) | 12.1x | 7.9x | (412.2x) | 25.8x | |||
| $34M | ($22M) | 7.0x | 6.6x | (11.0x) | (0.0x) | |||
| $254M | $8M | 3.0x | 1.2x | 98.0x | 14.7x | |||
| $433K | ($15M) | 2054.0x | - | (57.9x) | - | |||
This data is available for Pro users. Sign up to see all ZutaCore competitors and their valuation data. Start Free Trial | ||||||||
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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