CoolIT Systems - About the company
CoolIT Systems is an acquired company based in Calgary (Canada), founded in 2001. 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 4962 active competitors, including 712 funded and 458 that have exited. Its top competitors include companies like Landis+Gyr, Metronome and SPAN.
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
60th among 4962 active competitors
Employee Count
536 as on Aug 31, 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 | Documents |
|---|---|---|---|---|
COOLIT SYSTEMS INC. CIN: 876977810 , Canada, Active | Jun 30, 2023 | - | - | - |
CoolIT Systems's acquisition details
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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 | 7072832 | Series C | 2452648 | 1266475 | 6819242 | 7241938 |
Jan 16, 2019 | 6289258 | Conventional Debt | 7232998 | 2235599 | 2484990 | |
Sep 09, 2011 | 7711566 | Series B | 3180251 | 6790567 | 6160747 |
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CoolIT Systems' founders and board of directors
Founder? Claim ProfileCoolIT Systems' employee count trend
CoolIT Systems has 536 employees as of Aug 26. Here is CoolIT Systems's employee count trend over the years:
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CoolIT Systems's Competitors and alternates
Top competitors of CoolIT Systems include Landis+Gyr, Metronome and SPAN. Here is the list of Top 10 competitors of CoolIT Systems, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Landis+Gyr 1896, Cham (Switzerland), Acquired | Manufacturer of electric meters and grid edge data management software | $1.03B | 77/100 | |
2nd |  Metronome 2020, San Francisco (United States), Acquired | Usage-based invoice management solutions for small businesses | $128M | 73/100 | |
3rd |  SPAN 2014, San Francisco (United States), Series C | Smart energy management technology platform that modernizes residential electrical systems | $419M | 73/100 | |
4th |  Sense 2013, Cambridge (United States), Series D | Smart energy platform providing real-time electricity usage insights for homes and utilities | $177M | 71/100 | |
5th | Phononic 2009, Durham (United States), Series F | Providing solid state thermal management solutions | $230M | 70/100 | |
6th |  Bidgely 2011, Mountain View (United States), Series C | Provider of a solution for consumers to monitor and manage their household energy use | $87.7M | 69/100 | |
7th | Cloud-based enterprise asset management solutions | $52.3M | 69/100 | ||
8th |  Resideo 2018, Wilmington (United States), Public | Provider of smart home solutions for security, air, water, and energy | - | 69/100 | |
9th | Provider of a digital platform for electricity consumption management and insights | $177M | 69/100 | ||
10th | Smart Joules 2014, Delhi (India), Series B | Provider of AI-powered energy efficiency solutions for commercial buildings | $20.7M | 69/100 | |
60th | CoolIT Systems 2001, Calgary (Canada), Acquired | Manufacturer of liquid cooling systems for data centers and servers | $6.48M | 59/100 |
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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 13 events in the last 1 year, 4 of them have been about company updates.
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Ecolab closes $4.75B CoolIT acquisition, updates full-year guidanceSeeking Alpha•Jul 02, 2026•Ecolab, CoolIT Systems, KKR
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Ecolab Stock - $5 billion financing backs data center cooling pushAd Hoc News•Jun 20, 2026•Ecolab, CoolIT Systems
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Tech Firms Raise $1.5 Billion in Q1 2026, Down 8% Year Over YearCrowdfund Insider•Apr 28, 2026•CoolIT Systems, Waabi
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CoolIT Systems Continues Rapid Growth as it Celebrates 25 YearsCoolIT Systems•Feb 25, 2026•CoolIT Systems
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KKR and Baupost sell two UK Delta hotelsProperty Magazine•Feb 25, 2026•The Baupost Group, KKR, HMC Capital, CoolIT Systems
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