About CoolIT Systems
CoolIT Systems is a company based in Calgary (Canada) founded in 2001 by Brydon Gierl was acquired by KKR in May 2023.. CoolIT Systems has raised $6.48 million across 3 funding rounds from investors including KKR, Mubadala and nVent. CoolIT Systems offers products and services including Coldplates, CDU, Manifolds, RDHX, and SFN. CoolIT Systems operates in a competitive market with competitors including Particle, Signify, Danfoss, Landis+Gyr and Tibber, among others.
- Headquarter Calgary, Canada
- Founders Brydon Gierl
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Sectors
Business ServicesEnergy & Utilities Technology Real Estate & Construction
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Phone
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Website
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Social
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- Legal Name Coolit Systems, Inc.
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Products & Services of CoolIT Systems
CoolIT Systems offers a comprehensive portfolio of products and services, including Coldplates, CDU, Manifolds, RDHX, and SFN. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Devices for cooling CPU and GPU in servers
Units that manage heat loads in data centers
Interfaces for connecting cooling loops
Systems for additional cooling in racks
Custom networks for data center cooling
Installation and commissioning for cooling systems
On-site education for liquid cooling operations
Funding Insights of CoolIT Systems
CoolIT Systems has successfully raised a total of $6.48M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(09 Sep 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2021 | Amount | Series C - CoolIT Systems | Valuation | BDC , nVent |
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| Jan, 2019 | Amount | Debt – Conventional - CoolIT Systems | Valuation |
investors |
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| Sep, 2011 | Amount | Series B - CoolIT Systems | Valuation | Inovia Capital , Chart Venture Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CoolIT Systems
CoolIT Systems has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include KKR, Mubadala and nVent. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Liquidity solutions are offered for private equity stakeholders by Kline Hill.
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Founded Year | Domain | Location | |
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Debt and equity solutions are provided to mid-to-late-stage technology companies.
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Founded Year | Domain | Location | |
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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CoolIT Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CoolIT Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coolit Systems Comparisons
Competitors of CoolIT Systems
CoolIT Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, Signify, Danfoss, Landis+Gyr and Tibber, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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IoT connectivity platform from prototype to production is developed.
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Signify is recognized as a global leader in lighting solutions.
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Manufacturer of energy efficiency products
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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Provider of solutions for energy monitoring for residential building
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| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Coolit Systems
Frequently Asked Questions about CoolIT Systems
When was CoolIT Systems founded?
CoolIT Systems was founded in 2001 and raised its 1st funding round 10 years after it was founded.
Where is CoolIT Systems located?
CoolIT Systems is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of CoolIT Systems?
Steve Walton is the current CEO of CoolIT Systems.
Is CoolIT Systems a funded company?
CoolIT Systems is a funded company, having raised a total of $6.48M across 3 funding rounds to date. The company's 1st funding round was a Series B of $6.48M, raised on Sep 09, 2011.
What does CoolIT Systems do?
Founded in 2001 in Calgary, Canada, CoolIT Systems operates in the data center cooling sector. Modular and rack-based liquid cooling solutions are offered to enhance in-rack densities, component performance, and power efficiency. These systems support high-performance computing clouds and are applied in both enterprise data centers and desktop environments, focusing on thermal management for computing infrastructure.
Who are the top competitors of CoolIT Systems?
CoolIT Systems's top competitors include Particle, Landis+Gyr and Danfoss.
What products or services does CoolIT Systems offer?
CoolIT Systems offers Coldplates, CDU, Manifolds, RDHX, and 3 more products and services.
Who are CoolIT Systems's investors?
CoolIT Systems has 8 investors. Key investors include KKR, Mubadala, nVent, BDC, and Kline Hill Partners.
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