CoolIT Systems - About the company
CoolIT Systems is an acquired company based in Calgary (Canada), founded in 2001 by Brydon Gierl. It operates as a Manufacturer of liquid cooling systems for data centers and servers. CoolIT Systems has raised $6.48M in funding from investors like Inovia Capital, BDC and Chart Venture Partners. The company has 163 active competitors, including 28 funded and 12 that have exited. Its top competitors include companies like Green Revolution Cooling, Submer and ZutaCore.
Company Details
Manufacturer of liquid cooling systems for data centers and servers. The company provides coolant distribution units and technology cooling systems. It offers direct liquid cooled servers, coldplates, and rack manifolds. The company’s services include design, engineering, testing, validation, and manufacturing. It focuses on liquid cooling research and development.
- Website
- www.coolitsystems.com/
- Social
- Phone Number
- +1 **********
Key Metrics
Founded Year
2001
Location
Calgary, Canada
Stage
Acquired
Total Funding
$6.48M in 3 rounds
Latest Funding Round
Investors
Ranked
4th among 163 active competitors
Employee Count
538 as on Sep 30, 2026
Similar Companies
Exit Details
Acquired by Ecolab (Mar 20, 2026)
Legal entities associated with CoolIT Systems
CoolIT Systems is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
COOLIT SYSTEMS INC. CIN: 876977810 , Canada, Active | Jun 30, 2023 | - | - | - |
CoolIT Systems's acquisition details
Click here to take a look at CoolIT Systems's acquisition in detail
Sign up to download CoolIT Systems' company profile
CoolIT Systems's funding and investors
CoolIT Systems has raised a total funding of $6.48M over 3 rounds. Its first funding round was on Sep 09, 2011. Its latest funding round was a Series C round on Mar 04, 2021 for $*****. 2 investors participated in its latest round. CoolIT Systems has 8 institutional investors.
Here is the list of recent funding rounds of CoolIT Systems:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 04, 2021 | 4171678 | Series C | 6523018 | 2991684 | 7196300 | 1036512 |
Jan 16, 2019 | 6893738 | Conventional Debt | 4119758 | 5723431 | 3414868 | |
Sep 09, 2011 | 6974684 | Series B | 7055149 | 7442153 | 1861178 |
Access funding benchmarks and valuations. Sign up today!View details of CoolIT Systems's funding rounds and investors
CoolIT Systems' founders and board of directors
Founder? Claim ProfileThe founders of CoolIT Systems is Brydon Gierl. Jason Waxman is the CEO of CoolIT Systems.
Here are the details of CoolIT Systems' key team members:
- Brydon Gierl: Founder SVP Product and Process Development of CoolIT Systems.
- Jason Waxman: CEO of CoolIT Systems.
View details of CoolIT Systems's Founder profiles and Board Members
CoolIT Systems' employee count trend
CoolIT Systems has 538 employees as of Sep 26. Here is CoolIT Systems's employee count trend over the years:
Uncover CoolIT Systems' growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
CoolIT Systems's Competitors and alternates
Top competitors of CoolIT Systems include Green Revolution Cooling, Submer and ZutaCore. Here is the list of Top 10 competitors of CoolIT Systems, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Green Revolution Cooling 2009, Austin (United States), Series C | Provider of oil immersion cooling for data centers | $43M | 60/100 | |
2nd | Manufacturer of liquid cooling systems for high density datacenter infrastructure | $102M | 59/100 | ||
3rd |  ZutaCore 2016, San Jose (United States), Series C | Provider of waterless liquid cooling solutions for artificial intelligence and computing | $100M | 59/100 | |
4th | CoolIT Systems 2001, Calgary (Canada), Acquired | Manufacturer of liquid cooling systems for data centers and servers | $6.48M | 59/100 | |
5th |  LiquidStack 2012, Carrollton (United States), Acquired | Platform offering data center cooling solutions | $35M | 59/100 | |
6th |  Alloy Enterprises 2020, Burlington (United States), Acquired | Manufacturer of light weighting, aluminum products | $37M | 58/100 | |
7th |  Accelsius 2022, Austin (United States), Series B | Developer of two-phase direct-to-chip liquid cooling systems for data centers | $169M | 58/100 | |
8th | Iceotope 2005, Sheffield (United Kingdom), Series B | Manufacturer of precision liquid cooling systems for computer hardware components | $107M | 57/100 | |
9th |  Carbice 2011, Atlanta (United States), Series B | Provider of carbon nanomaterial-based thermal interface materials | $35.3M | 57/100 | |
10th | Orbital Materials 2022, El Segundo (United States), Series B | Developer of AI-designed hardware solutions for data center infrastructure | $66M | 56/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on CoolIT Systems's competitors? Click here to see the top ones
CoolIT Systems's Investments and acquisitions
CoolIT Systems has made no investments or acquisitions yet.
Reports related to CoolIT Systems
Here is the latest report on CoolIT Systems's sector:
News related to CoolIT Systems
Filter this listMedia has covered CoolIT Systems for a total of 14 events in the last 1 year, 5 of them have been about company updates.
•
Ecolab: CoolIT Makes The Growth Case Stronger, But The Stock Is Priced For It (NYSE:ECL)Seeking Alpha•Sep 24, 2026•CoolIT Systems
•
Vertiv Acquires Strategic Thermal Labs to Enhance Liquid Cooling Capabilities for High-Performance ComputingPR Newswire•Jul 20, 2026•CoolIT Systems, Vertiv
•
Ecolab closes $4.75B CoolIT acquisition, updates full-year guidanceSeeking Alpha•Jul 02, 2026•Ecolab, CoolIT Systems
•
Ecolab Stock - $5 billion financing backs data center cooling pushAd Hoc News•Jun 20, 2026•Ecolab, CoolIT Systems
•
Tech Firms Raise $1.5 Billion in Q1 2026, Down 8% Year Over YearCrowdfund Insider•Apr 28, 2026•CoolIT Systems, Waabi
•
Ecolab Inc. entered into a definitive agreement to acquire CoolIT Systems, Inc. from unknown funds managed by KKR & Co. Inc. and Mubadala Investment Company PJSC for approximately $4.8 billion.Stock Screener•Mar 20, 2026•Ecolab, CoolIT Systems, Covington & Burling, KKR and 1 other
•
CoolIT Systems Continues Rapid Growth as it Celebrates 25 YearsCoolIT Systems•Feb 25, 2026•CoolIT Systems
•
KKR and Baupost sell two UK Delta hotelsProperty Magazine•Feb 25, 2026•The Baupost Group, KKR, HMC Capital, CoolIT Systems
•
CoolIT Systems Scales North American Manufacturing to Cool AI’s Next WaveHpcwire•Jun 25, 2025•CoolIT Systems
•
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about CoolIT Systems
Explore our recently published companies
- Big Village IT - Austin based, 2008 founded, Unfunded company
- BapinGroup - United States based, 2012 founded, Unfunded company
- Global Telecom - Milton Keynes based, 2013 founded, Unfunded company
- Top Fields Accounting - Watford based, 2021 founded, Unfunded company
- Baptist Health Care - Navarre based, Unfunded company
- Benilar - France based, 2023 founded, Unfunded company
