May 14, 2025 | Posted by Abdul-Rahman Oladimeji
Liquid-cooled data center firm Colovore has secured almost $1 billion in new debt funding to fuel its ongoing roll-out across the US. The new financing will fast-track Colovore’s national expansion of its liquid-cooled data centers across the US. Initial expansions are planned for Reno, Nevada; Chicago, Illinois; and Austin, Texas.
“This Blackstone financing, along with the continued support of King Street, positions us well to continue scaling our footprint through the development of new liquid-cooled data centers, starting in Reno, Chicago, and Austin,” said Sean Holzknecht, president and co-founder of Colovore. “As AI infrastructure shifts rapidly toward highly distributed, inference-driven workloads, we remain focused on building the national backbone for this next phase—scalable, liquid-cooled data center platforms purpose-built for Edge and core inference.”
Brian Higgins, founder and managing partner of King Street, added: “With more than a decade of experience in liquid cooling, Colovore is uniquely positioned to provide infrastructure to meet the soaring demand for high-density, AI-optimized data centers. We look forward to further leveraging King Street’s real estate and credit capabilities to support their rapid expansion.”
