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Sheffield’s Iceotope raises £20m to solve AI’s thermal bottleneck

Published: May 15, 2026 at 9:14 am

Author: Jonathan Symcox

Iceotope Group, a leading provider of precision liquid cooling technology solutions, has closed a £20 million Series B funding round. 

The investment was led by Two Seas Capital and Barclays Climate Ventures along with participation by existing investors Edinv, ABC Impact, Northern Gritstone and British Business Bank. 

The Sheffield firm will use the funding to advance product and engineering development, expand its patent portfolio and accelerate ecosystem partnerships that will bring solutions incorporating Iceotope technology to market.

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