When was Frore Systems founded?

Frore Systems was founded in 2018 and became a unicorn in 2026.

Where is Frore Systems located?

Frore Systems is headquartered in San Jose, United States.

Who is the current CEO of Frore Systems?

Seshu Madhavapeddy of Frore Systems.

How many employees does Frore Systems have?

As of Sep 30, 2026, the latest employee count at Frore Systems is 96.

Is Frore Systems a funded company?

Frore Systems is a funded company, having raised a total of $340M across 4 funding rounds to date. The company's 1st funding round was raised for an undisclosed amount in a Series A round on 2018.

How much is Frore Systems worth?

The latest valuation of Frore Systems is $1.64B as of Mar 16, 2026.

When was the latest funding round of Frore Systems?

Frore Systems' latest funding was a $143M Series D round on Mar 16, 2026, with participation from 9 investors.

Is Frore Systems a Energy Efficiency Tech company?

The primary sectors of Frore Systems are Energy Efficiency Tech and Embedded Systems.

Where does Frore Systems rank among its competitors?

Frore Systems ranks 3rd amongst 29 active competitors, of which 9 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Frore Systems, which secured $143M in Mar, 2026.

Who are the top competitors of Frore Systems?

Frore Systems' top competitors include Phononic, JETCOOL Technologies and Corintis. Among them, Frore Systems secured the most recent funding round in March, 2026.

Frore Systems - 2026 Company Profile, Team, Funding & Competitors

Frore Systems is a series D company based in San Jose (United States), founded in 2018 by Seshu Madhavapeddy and Suryaprakash Ganti. It operates as a Provider of advanced thermal management and cooling technologies. Frore Systems has raised $340M in funding from investors like Fidelity Investments, Qualcomm Ventures and Clear Ventures, with a current valuation of $1.64B. The company has 29 active competitors, including 9 funded and 2 that have exited. Its top competitors include companies like Phononic, JETCOOL Technologies and Corintis.

Sectors and market segments that Frore Systems operate in

Frore Systems serves in the Energy Tech, Environment Tech, Sustainability Tech, Semiconductors market segments.The primary business model of Frore Systems are:

Company Details

Provider of advanced thermal management and cooling technologies. It develops innovative technologies for AI infrastructure, data centers, industrial embedded devices, and consumer electronics. Its flagship products include LiquidJet™, a direct-to-chip liquid cooling platform for AI servers and hyperscale data centers, and AirJet®, a solid-state active cooling chip that delivers silent, compact, dustproof, and vibration-free cooling for high-performance edge devices.

Website: www.froresystems.com/
Email ID: *****@froresystems.com

Key Metrics

Founded Year

2018

Location

San Jose, United States

Stage

Series D

Total Funding

$340M in 4 rounds

Latest Funding Round

Series D, Mar 16, 2026, $143M

Post Money Valuation

$1.64B as on Mar 16, 2026

Investors

Fidelity Investments & 9 more

Ranked

3^rd among 29 active competitors

Employee Count

96 as on Sep 30, 2026

Similar Companies

JETCOOL Technologies & 13 more

View Frore Systems' full profile

Frore Systems is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FRORE SYSTEMS, INC. CIN: 6973093 , United States, Active	Jul 23, 2018	-	-	-

Frore Systems has raised a total funding of $340M over 4 rounds. Its first funding round was on 2018. Its latest funding round was a Series D round on Mar 16, 2026 for $143M. 9 investors participated in its latest round. Frore Systems has 10 institutional investors.

Here is the list of recent funding rounds of Frore Systems:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 16, 2026	$143M	Series D	$1.64B	-	MVP Ventures	Fidelity Investments, Top Tier Capital Partners, Mayfield, Clear Ventures, Qualcomm Ventures, StepStone Group, Alumni Ventures, Addition
May 29, 2024	$80M	Series C	-	-	Fidelity Investments, Prosperity7 Ventures	Mayfield, Clear Ventures, Addition, Qualcomm Ventures, MVP Ventures, StepStone Group, Alumni Ventures
Dec 01, 2022	$100M	Series B	-	-	Qualcomm Ventures	Mayfield, Clear Ventures, Addition

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View details of Frore Systems's funding rounds and investors

The founders of Frore Systems are Seshu Madhavapeddy and Suryaprakash Ganti. Seshu Madhavapeddy is the CEO of Frore Systems.

Here are the details of Frore Systems' key team members:

Seshu Madhavapeddy: Co-Founder & CEO of Frore Systems.
Contact Info: 1 email address
Suryaprakash Ganti: Co-Founder & CTO of Frore Systems.
Contact Info: 1 email address

View details of Frore Systems's Founder profiles and Board Members

Frore Systems' employee count trend

Frore Systems has 96 employees as of Sep 26. Here is Frore Systems's employee count trend over the years:

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Top competitors of Frore Systems include Phononic, JETCOOL Technologies and Corintis. Here is the list of Top 10 competitors of Frore Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Phononic 2009, Durham (United States), Series F	Providing solid state thermal management solutions	$230M	Oak Investment Partners, Venrock & 19 others	69/100
2nd	JETCOOL Technologies 2019, Littleton (United States), Acquired	Developer of direct-to-chip liquid cooling modules for high-power electronics	$28.7M	Robert Bosch Venture Capital, Raptor Group ... & 5 others	59/100
3rd	Frore Systems 2018, San Jose (United States), Series D	Provider of advanced thermal management and cooling technologies	$340M	Fidelity Investments, Qualcomm Ventures & 8 others	59/100
4th	Corintis 2022, Lausanne (Switzerland), Series A	Manufacturer of microfluidic cold plates for high power chip cooling	$58M	Applied Digital, BlueYard & 7 others	58/100
5th	OctoLife 2024, Bengaluru (India), Series A	Developer of sustainable and accessible cooling solutions	$11.9M	Accel, Sparrow Capital & 33 others	50/100
6th	Transaera 2017, Cambridge (United States), Seed	Developer of advanced heat pump systems for dehumidifying, cooling, and heating	$12.8M	Energy Impact Partners, Clean Energy Ventures ... & 13 others	46/100
7th	RMT 1994, Moscow (Russia), Early Stage	Provider of thermoelectric cooling systems	$10M	Rusnano, S-Group Capital Management & 1 others	40/100
8th	Shift Thermal 2017, Oak Ridge (United States), Seed	Provider of ice thermal energy storage solutions for HVAC systems	$1M	Queen City Angels, Clean Energy Venture Group ... & 7 others	39/100
9th	Nexalus 2017, Cork (Ireland), Funding Raised	Provider of liquid cooling systems that capture and reuse heat	-	Enterprise Ireland, Science Foundation Ireland	38/100
10th	II-VI Marlow 1973, Dallas (United States), Unfunded	Provider of technical staffing services for various skill levels	-	-	32/100