Iceotope

Summary active Updated May 14, 2026

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Location Sheffield, United Kingdom
Founded 2005
Latest Stage Series B
Total Raised $26M+

Founders

Simon Jesenko CEO & CFO

About

Iceotope is a Sheffield, UK-based provider of precision liquid cooling solutions for data centers and edge infrastructure, founded in 2005 12. The company has evolved from a research-driven green computing venture into a specialist in precision liquid cooling for AI infrastructure 12. The $26M Series B announced May 14, 2026 was co-led by Two Seas Capital and Barclays Climate Ventures with participation from existing investors Edinv, ABC Impact, Northern Gritstone, and British Business Bank; capital will fund product engineering, patent portfolio expansion, and ecosystem partnerships 12.

Funding History

Date Round Amount Lead Co-investors
2026-05-14 Series B $26M Two Seas Capital, Barclays Climate Ventures Edinv, ABC Impact, Northern Gritstone, British Business Bank 12

What Investors Say

No independently sourced investor quotes found at this time.

What Founders Say

Simon Jesenko, CEO and CFO, stated: “We’ve spent years developing a differentiated IP portfolio and products purpose-built for AI infrastructure, and we’re now focused on scaling alongside growing demand for more advanced and sustainable cooling technologies.” 1

Sources


  1. Tech.eu, “Iceotope raises $26M to advance cooling for next-generation AI infrastructure,” May 14, 2026. Accessed May 2026. https://tech.eu/2026/05/14/iceotope-raises-26m-to-advance-cooling-for-next-generation-ai-infrastructure/

  2. BusinessWire, “Iceotope Raises $26M to Solve Thermal Bottleneck at the Heart of Next-Generation AI Infrastructure,” May 14, 2026. Accessed May 2026. https://www.businesswire.com/news/home/20260514971380/en/Iceotope-Raises-$26M-to-Solve-Thermal-Bottleneck-at-the-Heart-of-Next-Generation-AI-Infrastructure