What is CoolIT Systems?
Founded in 2001 and headquartered in Calgary, Canada, with operations in Stamford, Connecticut, CoolIT Systems specializes in providing innovative liquid cooling technologies for High-Performance Computing (HPC), Cloud, and Enterprise data centers. Their solutions cater to a range of scales, from small deployments to large-scale data center infrastructures. The company's focus on efficient thermal management is critical for the performance and reliability of modern computing environments, positioning them as a key player in a rapidly evolving technological landscape.
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. They focus on transforming venture capital by prioritizing investment in people.
Chart Venture Partners
Chart Venture Partners is a venture capital fund specializing in security-related technologies with government and commercial applications, focusing on early-stage, differentiated opportunities.
AVAC
AVAC is an organization focused on accelerating the ethical development and global delivery of HIV prevention options through communication, education, and advocacy.
What's next for CoolIT Systems?
The recent major strategic investment signals a new phase of growth and expansion for CoolIT Systems. This capital infusion is expected to accelerate product development, enhance manufacturing capabilities, and broaden market reach, particularly within the burgeoning HPC and enterprise cloud sectors. With a clear focus on innovation in liquid cooling, CoolIT Systems is poised to capitalize on the increasing demand for high-density computing solutions, further solidifying its position as a leader in thermal management technology.
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