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 1 funding round

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 and Carrier Ventures, with participation from Samsung 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 1 funding round.

ZutaCore funding rounds

ZutaCore funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Series CMitsubishi Electric (lead); Carrier Ventures (lead); Samsung 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.

Who has invested in ZutaCore?

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

Lead investors include Mitsubishi Electric and Carrier Ventures.


ZutaCore Investors

Investors in ZutaCore by funding rounds participated
InvestorHQRoundsRoleFirst check
Samsung VenturesSouth KoreaSeoul1ParticipantJun 2026

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ZutaCore Competitors

ZutaCore competitors include listed companies like Edarat Group and HIVE Digital Technologies, and private ones like Tensordyne, DataBox, Submer and Impossible Cloud Network.

Public and private companies comparable to ZutaCore
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TensordyneUnited StatesSan Francisco, CAPrivate--$569M-
Edarat GroupSaudi ArabiaSaudi ArabiaPublicly listed$51M$12M$509M-
DataBoxChinaSuzhouPrivate--$500M-
SubmerSpainBarcelonaPrivate--$500M-
HIVE Digital TechnologiesUnited StatesUnited StatesPublicly listed$298M$27M$491M1.9x
Impossible Cloud NetworkSwitzerlandZugPrivate$7M-$470M67.1x

ZutaCore Public Comps

ZutaCore is still privately-owned, but its public comps include Edarat Group, HIVE Digital Technologies, Northern Data, Kinx, Infomaniak, Bahnhof, 2CRSI, Phoenix Group, Whitefiber and SharonAI.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Edarat Group$51M$12M9.8x-41.2x-
HIVE Digital Technologies$298M$27M2.2x1.9x23.9x7.5x
Northern Data$90M($35M)15.6x-(40.5x)-
Kinx$118M$38M5.7x5.9x17.7x19.8x
Infomaniak------
Bahnhof$225M$36M2.8x-18.0x-
2CRSI$433M$27M0.9x0.5x14.6x6.7x
Phoenix Group$118M($233M)6.3x6.3x(3.2x)-

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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 1 funding round.
What was ZutaCore's last funding round?ZutaCore's last funding round was a $100M Series C in June 2026, led by Mitsubishi Electric and Carrier Ventures.
Who are ZutaCore's investors?ZutaCore's investors include Samsung Ventures, Carrier Ventures and Mitsubishi Electric.
Which companies are comparable to ZutaCore?Companies comparable to ZutaCore include Tensordyne, Edarat Group, DataBox, Submer, HIVE Digital Technologies and Impossible Cloud Network.

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