Startup xMEMS Labs Inc. has raised $21 million in a late-stage round to commercialize its novel fan-on-chip thermal management technology.
The Series D round was led by Boardman Bay Capital Management and saw participation from other investors, including Cloudview Capital, CDIB-TEN Capital, and SIG Asia Investments.
xMEMS is pioneering a new kind of semiconductor cooling technology, called "piezoMEMS", which leverages the inverse piezoelectric effect to make special conductive materials contract or expand when voltage is applied.
The startup aims to bring advanced thermal management to AI-powered gadgets.
Author's summary: xMEMS raises $21M for AI gadget cooling tech.