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Venture Capital News: Frore Systems Inks a $143M Series D Financing

2026-03-16
SAN JOSE, CA, Frore Systems announced it has achieved Unicorn status following the close of a $143 million Series D financing round led by MVP Ventures.
Frore Systems announced it has achieved Unicorn status following the close of a $143 million Series D financing round, bringing total capital raised to $340 million and valuing the company at $1.64 billion. The new funding will accelerate global scale-up of Frore's breakthrough thermal platforms, LiquidJet, LiquidJet Nexus and AirJet, across data center and edge markets, as demand for AI infrastructure surges worldwide. The Series D round was led by MVP Ventures and included participation from investors Fidelity Management & Research Company, Top Tier, Mayfield Fund, Clear Ventures, Addition, Qualcomm Ventures, StepStone Group, and Alumni Ventures.
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