Liquid cooling company Asetek, based in San Jose, Calif., has raised $16 million in its second round of venture funding.

Asetek makes cooling devices for PCs, laptops and other small-form computers, most of which today use forced air cooling driven by fans. The advantages of liquid cooling include a better thermal profile and less noise.

Liquid cooling is likely to take over in many electronics in coming years, as we wrote in a recent article about miniature pumps placed directly on computer chips.

D.E. Shaw Ventures led Asetek's funding. The company has taken $38 million since its was founded in 2000, from firms including Northzone Ventures, Sunstone Capital and KT Venture Group.