Iceotope secures $26 million in Series B funding for liquid cooling technology
What happened
Iceotope raised $26 million in Series B funding to expand its liquid cooling technology.
The Context
- Co-led by Two Seas Capital and Barclays Climate Ventures.
- Participation from existing investors including ABC Impact, Northern Gritstone, Edinv, and British Patient Capital.
- AI hardware demands are exceeding traditional air cooling capabilities.
Takeaway
The increasing reliance on AI technologies is likely to drive further advancements and investments in cooling solutions.
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