Iceotope banked €24.4M ($26M) in a Series B funding round led by Two Seas Capital and Barclays Climate Ventures. The investment follows a period of rapid infrastructure expansion driven by the power requirements of intensive computing and artificial intelligence.
Based in the UK, the company develops liquid cooling technology for data centres. Its patented precision immersion systems use a dielectric coolant to remove heat directly from electronics, eliminating the need for traditional air-cooling fans and complex water infrastructure. This method reduces energy consumption by up to 40% and water usage by nearly 100%.
The fresh capital is earmarked for scaling manufacturing and strengthening the firm's global commercial presence. As high-density GPU clusters become standard for AI workloads, legacy air-cooling systems are hitting physical limits, creating a significant market opening for liquid-based thermal management.
The deal underscores the growing critical priority of efficiency in European infrastructure as data centre operators face tightening environmental regulations and rising energy costs.
Originally reported by Tech Funding News.