What is CoolIT Systems?
Founded in 2001 and headquartered in Calgary, Canada, with additional operations in Stamford, Connecticut, CoolIT Systems specializes in the design and manufacture of advanced liquid cooling solutions. The company serves a diverse array of sectors, including High-Performance Computing (HPC), cloud service providers, and large-scale enterprise data centers. By replacing traditional air-cooling methods with more efficient liquid-based thermal management, CoolIT Systems addresses the growing power and cooling demands of modern server architectures. Their market position is defined by a commitment to engineering excellence and a deep understanding of the thermal challenges inherent in high-density computing environments, making them a vital partner for organizations seeking to optimize energy consumption and hardware longevity.
How much funding has CoolIT Systems raised?
CoolIT Systems has raised a total of $10M across 2 funding rounds:
Series A
$3.8M
Series B
$6.2M
Series A (2009): $3.8M with participation from AVAC and Inovia
Series B (2011): $6.2M led by Inovia and Chart Venture Partners
Key Investors in CoolIT Systems
Inovia
iNovia Capital is a full-stack venture firm that partners with founders to build enduring global technology companies, focusing on investing in people first.
Chart Venture Partners
A venture capital fund specializing in security-related technologies with government and commercial applications, focusing on early-stage, highly differentiated opportunities.
AVAC
An organization that utilizes advocacy, policy analysis, and global collaborations to accelerate the development and delivery of critical health and technology solutions.
What's next for CoolIT Systems?
With a robust foundation established through its historical funding rounds, CoolIT Systems is well-positioned to capitalize on the accelerating demand for sustainable data center infrastructure. As global enterprises continue to transition toward more intensive AI and machine learning workloads, the requirement for sophisticated thermal management will only intensify. The company's strategic focus is expected to remain on scaling its manufacturing capabilities and expanding its global footprint to meet the needs of hyperscale data centers. By leveraging its established investor network and technical expertise, CoolIT Systems is poised to maintain its competitive edge, driving innovation in liquid cooling and setting new standards for energy efficiency in the digital economy.
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