[Xinhan Intelligence] has completed a seed round of financing worth tens of millions of yuan to promote the implementation of the next-generation computing power cooling solutions.

Recently, Xinhan Intelligence, a project incubated by the 3i Industrial Innovation Incubator of Light Source, announced the completion of a seed - round financing of tens of millions of RMB. It was exclusively strategically invested by Dongyangguang, and Light Source Capital participated in the incubation and served as the exclusive financial advisor.

The funds from this round of financing will be mainly used for the R & D and iteration of gas - liquid phase change liquid cooling technology. It is expected that in 2025, the prototype production, production line construction, and small - batch delivery of phase - change immersion liquid - cooled servers will be achieved. This strategic financing will expand the business cooperation between Xinhan Intelligence and the upstream Dongyangguang Group in the industrial chain in fields such as fluorochemicals, and promote the application of Xinhan Intelligence's phase - change liquid cooling technology in high - computing - power data centers to meet the rapidly growing global demand for large - scale data processing and the government's strict requirements for energy efficiency.

Zhejiang Xinhan Intelligent Technology Co., Ltd. (hereinafter referred to as "Xinhan Intelligence") was established in 2025. It is an innovative enterprise in China that has mastered the core technology of adaptive two - phase liquid cooling intelligent control. It has developed two - phase flow state sensing and intelligent control integration technology, which have been successfully applied to the next - generation two - phase immersion and two - phase cold plate thermal management systems. Relying on the years of technical accumulation of university laboratories, the company has a senior professor in the field of thermal management as its chief scientist. The founding team consists of postgraduate and doctoral students from Zhejiang University. The core members have backgrounds in leading enterprises such as Huawei Cloud, Alibaba Cloud, and Inspur Information, with both R & D and industrialization delivery capabilities.

Xinhan Intelligence focuses on providing efficient and energy - saving overall solutions for liquid cooling systems in high - density and high - power computing deployment scenarios. The two - phase immersion liquid cooling technology mastered by the company has good structural sealing performance, efficient refrigerant screening and testing capabilities, and breakthrough advantages such as self - developed phase - change heat transfer control systems. It supports a single - machine power density of up to 400kW and a PUE of less than 1.1, and has achieved prototype application and industrialization verification in many leading enterprises. On this basis, Xinhan Intelligence will further increase technology R & D and expand industrial cooperation to bring more competitive domestic immersion liquid cooling solutions.

As the energy consumption of data centers continues to rise, national strategies such as the "Eastern Data, Western Computing" project and large AI models are promoting the green upgrade of computing infrastructure. As an emerging cooling method, immersion liquid cooling technology shows great potential in improving the energy efficiency of data centers, reducing cooling costs, and extending the service life of equipment, and is gradually becoming a must - choose option for temperature control solutions in AI - enabled data centers (AIDC). The 10 data center clusters of the national "Eastern Data, Western Computing" project have all clearly defined the PUE construction targets, and the power usage effectiveness indicators of data centers are basically controlled within 1.25. The core of meeting the energy - consumption standards mainly lies in temperature - control and energy - saving equipment. This has prompted AIDC to accelerate technological upgrades and adopt more efficient cooling technologies, bringing new development space for liquid cooling technology. Based on various forecasts, the global data center scale will exceed $600 billion in 2028. The cost of data center cooling systems accounts for more than 15%, of which the cost of liquid cooling accounts for more than 80%. It is estimated that the penetration rate of liquid cooling will be 50% in 2028, and the market scale will exceed $36 billion.

Through years of independent R & D and technical accumulation, Xinhan Intelligence has overcome industry bottlenecks such as high - density heat dissipation efficiency, energy - efficiency ratio optimization, and material compatibility. Its phase - change liquid cooling all - in - one machine and modular data center liquid cooling rapid deployment solutions can effectively meet the high - power, high - density deployment, and energy - consumption requirements of domestic data centers, and are expected to become the industry leader in the overall solutions of the liquid cooling field.

Liu Qiong, the general manager of Dongyangguang Technology Venture Capital, said: "The Xinhan Intelligence team has demonstrated leading technological innovation and engineering implementation capabilities in the field of two - phase immersion liquid cooling. The products have been verified in many leading enterprises, featuring high efficiency, high reliability, and strong customization capabilities. We are optimistic about its market prospects in high - growth fields such as AI computing power and data centers. We have promoted the listed company to further carry out strategic layout and, together with our partner Ningbo Yongcheng, which also has profound industrial insights and investment experience in the new materials field, completed the investment in Xinhan Intelligence through the new materials cooperation fund. In the future, Dongyangguang will carry out strategic cooperation with Xinhan Intelligence in fields such as fluorochemical materials and liquid cooling all - in - one machine sales, and continuously empower its industrialization process."

Huang Xinxin, the person - in - charge of the 3i incubation business of Light Source Capital, pointed out: "Xinhan Intelligence has achieved a key breakthrough from core technology to industrialization in the field of domestic high - end liquid cooling and has become an important promoter of technological upgrading and green transformation in the industry. Light Source Capital will continue to deepen strategic synergy with Xinhan Intelligence and jointly help China's computing infrastructure enter a new stage of high - efficiency, green, and intelligent development."