Hardware - Wednesday, March 7, 2007
Spokane's SprayCool Restructures With $10M To Keep Hardware Cool
SprayCool has raised $10M from Fluke Venture Partners, Northwest Venture Associates and The Sand Hill Sakura Fund.
The Spokane, WA-based company uses a liquid spray technique to cool high performance electronics equipment. It has made a number of lists of high growth startups, however, with the funding it announced a 20% workforce cut which must signal that growth is slower than expected.
The company sells to data centers but also to the military.
Read - SprayCool gains funding, cuts 45 jobs (Local Press report)
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