# Seshu Madhavapeddy

> Seshu Madhavapeddy is the co-founder and CEO of Frore Systems, the San Jose deep-tech company behind AirJet, the world's first solid-state active cooling chip, and the LiquidJet direct-to-chip line for data centers. A repeat entrepreneur with two prior exits and executive stints at Qualcomm, Samsung and Texas Instruments, he started Frore in 2018 with a simple frustration: the cooling fan hasn't fundamentally changed since the 19th century. In March 2026 the company raised a $143M Series D, crossing a $1.64B valuation as cooling became a defining constraint on AI performance.

- **Role:** Co-Founder & CEO at Frore Systems
- **Organizations:** Frore Systems, Qualcomm, Samsung Mobile, Texas Instruments, Spatial Wireless, Sipera Systems
- **Nationality:** Indian-American
- **Education:** B.Tech in Engineering, Indian Institute of Technology, Kharagpur, Ph.D. in Computer Science, The University of Texas at Dallas
- **Known for:** Built Frore Systems into a $1.64B unicorn (Series D, March 2026), Pioneered AirJet, described as the world's first solid-state active cooling chip, Two prior startup exits: Spatial Wireless (to Alcatel-Lucent) and Sipera Systems (to Avaya)

## Career timeline

- **1990s-2000s** — Co-founded Spatial Wireless; acquired by Alcatel-Lucent for a reported $300M in 2005
- **2000s** — Co-founded Sipera Systems; acquired by Avaya in 2011
- **2000s** — General Manager of Texas Instruments' smartphones business line for five years
- **2010s** — Senior Vice President of Product & Technology at Samsung Mobile
- **2010s** — VP/GM roles at Qualcomm across mobile computing, in-display fingerprint sensors, and IoT
- **2018** — Co-founded Frore Systems with Dr. Surya P. Ganti, starting from a garage in Los Altos
- **2022** — Raised $100M and announced collaboration with Intel; launched AirJet
- **2023** — Raised $80M Series C; AirJet recognized by CES Innovation Awards
- **2026** — Closed $143M Series D at a $1.64B valuation, reaching unicorn status; expanded into LiquidJet data-center cooling

## Achievements

- Built Frore Systems into a $1.64B unicorn (Series D, March 2026)
- Pioneered AirJet, described as the world's first solid-state active cooling chip
- Two prior startup exits: Spatial Wireless (to Alcatel-Lucent) and Sipera Systems (to Avaya)
- AirJet recognized by CES Innovation Awards two years running
- Raised roughly $340M in total funding across four rounds
- Established the Intel collaboration and the LiquidJet/LiquidJet Nexus data-center cooling line

## Latest updates

- **2026-03** — Frore Systems closed a $143M Series D led by MVP Ventures, reaching a $1.64B valuation and unicorn status, with plans to scale AirJet and LiquidJet across data-center and edge markets.

## Links

- Website: https://froresystems.com
- LinkedIn: http://www.linkedin.com/in/seshumadhavapeddy

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Profile page: https://yespress.io/seshu-madhavapeddy
Published by YesPress — https://yespress.io
Last updated: 2026-07-29