Iceotope bags £30 million to cool data centers
Iceotope Technologies’ immersion liquid cooling technology for edge data center solutions has caught the attention of customers looking to drive sustainable growth. Now the company has secured £30 million in funding to accelerate the development of technologies it says will help in reducing carbon emissions in data centers.
The funding round came from a global investment syndicate led by the Singapore impact private equity firm ABC Impact. The global syndicate includes Nvent, a provider of electrical connections, and the SDCL Energy Efficiency Income Trust. Other investors that participated in this funding round include Northern Gritstone, British Patient Capital, Pavilion Capital, and existing investor Edinv.
“This significant investment, one of the largest amounts recently invested in liquid cooling, is a testament to the great work of our designers for our customers across the globe, as well as the many technology and channel partners that have placed their trust in our ability to cool data center servers more efficiently in a vertical rack form factor,” said David Craig, CEO of Iceotope Technologies.
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As part of the strategic investment, Nvent will offer modular data centers, edge facilities, and high-performance computing applications that include Iceotope’s liquid cooling technology.
“Iceotope’s precision cooling solutions enable data centers to transit to a more sustainable infrastructure with a reduced environmental and real estate footprint,” said Tan Shao Ming, chief investment officer at ABC Impact. “We see vast potential to deploy this technology in Asia, especially regions with tropical climates, and we look forward to working with Iceotope to scale its positive impact.”
Iceotope Technologies recently announced a collaboration with Intel and HPE to integrate its precision immersion liquid cooling technology into the edge data centers. According to the company, this will result in reducing energy usage by 30% and drive sustainable development in data center solutions. The resulting “Kul” data center will provide a path for net-zero operations by reducing energy consumption and improving processing performance for heavy workloads, Iceotope said.
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