3 years ago

Iceotope Secures £30 Million in Series B Funding to Cool Data Centers

  • Iceotope, a Sheffield-based company specializing in liquid immersion cooling technologies for data centers, has raised £30 million in a Series B funding round led by Singapore-based investment firm ABC Impact

  • Other investors include British Patient Capital, Northern Gritstone, Pavilion Capital, and existing investor Edinv

  • The funding will be used to further develop Iceotope's technology and expand its operations

  • The company claims its technology is a low-cost and energy-efficient solution that reduces carbon emissions in the IT infrastructure sector.

      • ProblemTechnology Infrastructure

      "Data centers generate a lot of heat, requiring energy-intensive cooling systems, often using noisy fans, which contribute to high energy consumption and carbon emissions."

      Solution

      "Iceotope offers a liquid immersion cooling technology that provides a low-cost and energy-efficient solution for cooling data centers, reducing their carbon footprint and operating costs."

      Covered on