CoolIT Systems

The world leader in liquid cooling systems for AI and high performance computing.

Founded 2001 Canada

Calgary, Canada 536 employees Venture round Total: $10.00M Data Analytics, Hardware +2

General Information

Company Name CoolIT Systems

Founded Year 2001

Location

Calgary, Canada

Employees 536

Industries Data Analytics, Hardware, IT +1

Funding Stage Venture round

Business Model B2B, B2B2B, White Label

Revenue Model Product Sales, Service Fee, Project Based

Offices as of Sep 2026

Calgary, Canada Wilmington, United States New Taipei City, Taiwan

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Canada Market

Market Signals All Companies

Data Analytics

Industry Signals All Companies in Canada

CoolIT Systems Alternatives

All Signals Trend Reports

AI Insight

Bounce Watch AI

1 month ago

CoolIT Systems is demonstrating strong market momentum and strategic growth, recently recognized as one of Canada's Top Growing Companies. Their collaboration with IEEE Spectrum on direct-to-chip liquid cooling and participation in Data Centre World Asia highlight a focused effort to reinforce thought leadership and expand influence in the high-performance computing and AI sectors, particularly in the APAC region. This indicates a period of dynamic expansion and heightened industry visibility for their specialized cooling solutions.

Signal Types

Partnership Market Presence Recognition

Strategic Labels

Market Expansion Thought Leadership Accelerated Growth

Next Move: Fundraising

Impact: 8/10

Ideal For: Growth Equity Investors — AI/HPC Tech

About CoolIT Systems

CoolIT Systems, established in 2001, is positioned as the world leader in liquid cooling systems for AI and high-performance computing. With its headquarters located in Canada, the company operates within the Data Analytics, Hardware, IT, and Manufacturing industries.

Renowned for its innovation, CoolIT Systems stands out by addressing the increasing demands for efficient and sustainable cooling solutions essential for modern technological infrastructures. The company's cooling technologies are critical for enhancing computational efficiency and reducing energy consumption, appealing strongly to markets craving sustainable operations.

The company received its last investment from a Venture Round on 01 January 2021, with backing from BDC Venture Capital and BDC Capital Cleantech Practice. These investments underscore a robust confidence in CoolIT Systems’ potential to spearhead advanced cooling technologies. Investors might consider this company's sustainability-driven innovations and established market leadership as key factors for attractive returns.

Business keywords: liquid cooling systems, AI cooling solutions, high performance computing, sustainability solutions, water and energy optimization, food safety solutions, healthcare solutions, industrial markets, infection prevention, data-driven insights, environmental hygiene, server cooling, data center solutions, patented cooling technology, OEM cooling standards

Services & Products

Optimized Cooling Solutions

Design Engineering

Testing & Validation

Manufacturing

Co-Innovation

Target Customers

Data Centers AI Computing Facilities Semiconductor Companies Server Manufacturers Hyperscale Technology Companies Scientific Computing Organizations

Funding Rounds & Investors (5)

View All

Funding Stage	Amount	Investors	Lead Investors	Date
Venture Round	Undisclosed	2	BDC Venture Capital, BDC Capital Cleantech Practice	01 Jan 2021
Venture Round	Undisclosed	2	Business Development Bank of Canada, nVent	04 Mar 2020
Debt Financing	Undisclosed	2	Kline Hill Partners, Vistara Growth	21 Jan 2019
Series B	$6.20M	2	iNovia Capital, Chart Venture Partners	05 Oct 2011
Series A	$3.80M	2	iNovia Capital, Verdex Capital (Formerly the AVAC Group )	16 Oct 2009

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FAQ About CoolIT Systems

The world leader in liquid cooling systems for AI and high performance computing.

CoolIT Systems was founded in 2001.

CoolIT Systems is headquartered in Calgary, Canada. As of Sep 2026, it also has offices in Wilmington, United States and New Taipei City, Taiwan.

CoolIT Systems operates in Data Analytics, Hardware, IT and Manufacturing. Its work centres on liquid cooling systems, AI cooling solutions, high performance computing and sustainability solutions. Its customers include Data Centers, AI Computing Facilities and Semiconductor Companies.

CoolIT Systems has a B2B, B2B2B and White Label business model. Its revenue comes from Product Sales, Service Fee and Project Based.

CoolIT Systems has approximately 536 employees.

CoolIT Systems has completed 5 funding rounds, raising a total of $10.00M. The latest funding stage is Venture round.

CoolIT Systems offers: Optimized Cooling Solutions, Design Engineering, Testing & Validation, Manufacturing, Co-Innovation.

Top alternatives and competitors to CoolIT Systems include Bainox, Oriole, Nyriad. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

CoolIT Systems and Bainox are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for CoolIT Systems, https://bouncewatch.com/company/coolit-systems, updated 26 September 2026. When citing, please name BounceWatch and link this page.