Barcelona-based Submer, which submerges data center server racks in its proprietary coolant, raised a $55.5M Series C at a ~$500M post-money valuation (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:
Barcelona-based Submer, which submerges data center server racks in its proprietary coolant, raised a $55.5M Series C at a ~$500M post-money valuation  —  The race is on for better chips and data center capacity to handle AI workloads, but all that activity comes with a catch.