What is CoolIT Systems?
Founded in 2001 and headquartered in Calgary, Canada, with operations in Stamford, Connecticut, CoolIT Systems specializes in providing scalable liquid cooling solutions tailored for high-performance computing, cloud infrastructure, and enterprise-level data centers. Their technology addresses the critical need for efficient thermal management in increasingly powerful computing environments, supporting both small and large-scale deployments.
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 Inovia and AVAC
Series B (2011): $6.2M led by Chart Venture Partners and Inovia
Key Investors in CoolIT Systems
Chart Venture Partners
Chart Venture Partners is a venture capital fund focused on security-related technologies, suggesting an interest in the robust and secure infrastructure aspects of CoolIT Systems' solutions.
Inovia
Inovia Capital is a full-stack venture firm that partners with founders to build global technology companies, indicating a strategic interest in CoolIT Systems' growth trajectory and market potential.
AVAC
AVAC, an organization focused on accelerating the development and delivery of health options, is an unusual investor for a tech company, suggesting a potential strategic partnership or a unique investment thesis not immediately apparent from its primary domain.
What's next for CoolIT Systems?
With a history of significant capital raises, including a major strategic investment, CoolIT Systems is well-positioned for continued expansion and innovation in the data center cooling market. This sustained financial backing, amounting to $10M in total, indicates strong investor confidence in the company's technology and market strategy. The company is likely to leverage this investment to further enhance its product offerings, scale its operations, and solidify its position as a leader in advanced thermal management solutions for demanding computing infrastructures.
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