The round was led by Two Seas Capital and Barclays Climate Ventures.
"With AI adoption rapidly increasing globally, Iceotope’s liquid-cooling technology offers a timely and innovative solution to the mounting limitations of traditional cooling systems. Its approach not only meets the escalating demands of AI and high-performance computing but also materially advances datacenter sustainability,"
— Steven Poulter, head of Barclays Climate Ventures
The funding round includes £1.5m from Fuel Ventures and a £1.5m Innovate UK loan, supporting product development and commercial scaling.
"Producers and users of indices have been limited for too long by outdated systems. PANTA digitalises the entire value chain, helping clients innovate faster, operate more efficiently and deliver greater value to investors."
The National Wealth Fund backed the Bristol-based engineering firm in its first direct investment focused on national security.
"Rowden was founded on the belief that the UK can build world-class engineering companies that strengthen national resilience and economic growth. We partnered with the National Wealth Fund because of its long-term commitment to supporting ambitious UK businesses in critical industries and strengthening sovereign capability,"