Iceotope raises $26M to advance cooling for next-generation AI infrastructure

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.