Iceotope Gets $10 Million Funding, Partners With Schneider
Liquid cooling specialist Iceotope has raised more than $10 million in venture capital funding from investors, and will work with Schneider Electric to commercialize its technology, the company said this week.
After years in product development, liquid cooling specialist Iceotope has raised more than $10 million in venture capital funding from investors, and will work with Schneider Electric to commercialize its technology, the company said this week.
Iceotope describes its solution as "free cooling anywhere." It encapsulates servers in heat pipe modules containing 3M's Novec fluid as its heat removal medium. The company was founded in 2009 and made a brief trip through administration in 2011 before restructuring. On Monday the company announced that it had raised a Series A funding round of $10 million led by Aster Capital and Ombu Group, along with a strategic sponsorship with global energy conglomerate Schneider Electric.
The funding is the latest sign of support for liquid cooling technologies, which are moving to the fore as more companies adopt high-density IT infrastructure. In September Intel said immersion cooling is highly efficient and safe for servers. In October, researchers from Lawrence Berkeley National Laboratory reported that liquid cooling used less energy in certain circumstances than air-cooled servers.
Backing From Schneider
Isotope could also see major benefits from its alignment with Schneider Electric, a major player in the data center power and cooling. "We have been looking at various technical approaches to liquid cooling for years and concluded that Iceotope has created a scheme that addresses performance and user experience expectations," said John Bean, director R&D for Data Centre Cooling at Schneider Electric.
The investment will allow Iceotope to hire more staff, expand into new geographies and target larger deals and more ambitious supercomputing projects.