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Iceotope
Chassis-level precision liquid cooling for edge/regulated sites, via Schneider Electric channel
HQ GB
Recent Business Signals
May 14, 2026
funding
Iceotope closed a $26 million Series B round led by Two Seas Capital and Barclays Climate Ventures, with participation from Edinv, ABC Impact, Northern Gritstone, and the British Business Bank.
source: funding-research
May 14, 2026
funding
Iceotope closed a $26 million Series B round on May 14, 2026, led by Two Seas Capital and Barclays Climate Ventures, with participation from Edinv, ABC Impact, Northern Gritstone, and the British Business Bank.
source: funding-research
Funding & valuation history
May 14, 2026 · funding-research
Iceotope closed a $26 million Series B round led by Two Seas Capital and Barclays Climate Ventures, with participation from Edinv, ABC Impact, Northern Gritstone, and the British Business Bank.
May 14, 2026 · funding-research
Iceotope closed a $26 million Series B round on May 14, 2026, led by Two Seas Capital and Barclays Climate Ventures, with participation from Edinv, ABC Impact, Northern Gritstone, and the British Business Bank.
Strategic Position
What they do best
Sealed chassis-level PLC that cools dense servers without full immersion — backed by sustained core hiring (2 'liquid cooling design' roles, signals f3bff930 Mar-2026 and 5a8b850d Apr-2026).
Their bet
PLC becomes the default for edge and regulated-data sites where immersion is impractical, scaled through the Schneider Electric partnership — evidenced by a director-level Manufacturing Operations hire (a11f0df8, Apr-2026) and a Reliability/Test Engineer (b78e09db, May-2026) signaling productization for volume.
Top risk
No business signals in 180 days: if the Schneider co-sell channel produces no named colo/hyperscaler PLC deployment by Q4 2026, Iceotope stays squeezed between dominant direct-to-chip (CoolIT) and immersion.
Compared to peers
Direct competitor
CoolIT Systems
CoolIT ships direct-to-chip cold plates via Dell/HPE/Lenovo/Supermicro OEM channels; Iceotope seals the whole chassis for immersion-grade thermals without the immersion tank.
Substitute
nVent Electric
nVent offers broad CDU/manifold infrastructure spanning both direct-to-chip and immersion; a buyer standardizing on its rack ecosystem can route around chassis-level PLC entirely.
Why someone would join
- 1.Core thermal team is actively expanding: 2 'liquid cooling design' engineers (Mar-2026 f3bff930, Apr-2026 5a8b850d) plus a senior Reliability/Test Engineer (May-2026 b78e09db) — hands-on PLC platform work, not research.
- 2.Director-level Manufacturing Operations hire (Apr-2026 a11f0df8) for scale-up/supply chain alongside the Schneider Electric strategic partnership indicates a transition from pilots toward volume deployment.
Recent Hiring (60 days)
- reliability testing1
- thermal validation1