Two Seas Capital and Barclays Climate Ventures led the investment round, supporting the company’s efforts to expand adoption of its precision liquid cooling technology.
Iceotope Group, a provider of precision liquid cooling solutions for data centres and edge infrastructure, has raised $26 million in a Series B funding round led by Two Seas Capital and Barclays Climate Ventures, with participation from existing investors Edinv, ABC Impact, Northern Gritstone, and British Business Bank.
Founded in 2005 as a research-driven green computing venture, Iceotope has evolved into a specialist in precision liquid cooling for AI infrastructure, high-performance computing (HPC), and edge deployments.
The company’s chassis-based liquid cooling approach is designed to replace traditional air cooling with liquid-based thermal management across infrastructure components, helping high-performance systems operate more efficiently while reducing energy consumption and water usage.
Iceotope said its solutions are designed for both core data centre environments and enterprise and edge deployments where cooling constraints can be particularly demanding. The company currently holds more than 200 granted and pending patents related to its liquid cooling systems.
We’ve spent years developing a differentiated IP portfolio and products purpose-built for AI infrastructure, and we’re now focused on scaling alongside growing demand for more advanced and sustainable cooling technologies,
said Simon Jesenko, CEO and CFO of Iceotope.
The new funding will support product and engineering development, expansion of the company’s patent portfolio, and ecosystem partnerships aimed at bringing solutions powered by its technology to market.