Iceotope secures $26m in Series B funding to expand liquid cooling technology
The round was led by Two Seas Capital and Barclays Climate Ventures.
≈ £19.4M at $1 = £0.7468 on 14 May 2026
Iceotope develops precision liquid cooling technology designed to manage power and thermal demands in high-performance AI data centres.
Iceotope has secured $26m in Series B funding to expand its precision liquid cooling technology for advanced artificial intelligence data centres. The investment round was led jointly by Two Seas Capital and Barclays Climate Ventures.
The Sheffield-based firm, which traces its origins to 2005, has developed a chassis-based liquid cooling system that addresses the thermal and power demands of high-density AI infrastructure. As workloads increase and traditional air and direct-to-chip cooling methods face limitations, Iceotope aims to scale its patent portfolio and engineering capabilities.
The funding will be directed towards product development, engineering expansion, and growing market partnerships to meet rising global demand for efficient data centre cooling.
Investor perspective
"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, Barclays Climate Ventures
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Accelerate go-to-market
