Wafr is a British Columbia-based startup that has developed technology designed to significantly reduce the amount of water consumed by AI data center cooling systems. Water use in large-scale data centers has become a growing operational and regulatory concern as AI workloads intensify cooling demands.
Investors not disclosed
A $100 million commitment to water-reduction technology signals that investors see data center water consumption as a material cost and risk problem, not just an environmental footnote. As hyperscalers face pressure from municipalities over water rights and usage limits, solutions that cut consumption could become a prerequisite for building permits in constrained regions. This deal sets an early valuation benchmark for the cooling-efficiency category.