CoolIT Systems is a global leader in direct liquid cooling solutions for high-performance computing, artificial intelligence, and data center infrastructure. The company designs and manufactures modular, rack-based Direct Liquid Cooling (DLC) technology that enables increased rack densities, improved component performance, and enhanced power efficiency. CoolIT's cooling systems currently cool more than 5 million GPUs, CPUs, and AI accelerators, and are deployed in 7 of the world's top 10 supercomputers. The company operates manufacturing facilities in Calgary (Canada), China, and Vietnam, with innovation centers in Calgary and Taipei.
CoolIT Systems has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2001
Employees
600–700
Total Funding
$5.02B
2 rounds
Latest Valuation
$4.75B
March 25, 2026
Total raised $5.02B across 2 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Exit / M&A
Date
March 25, 2026
Amount
$4.75B
Valuation
$4.75B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| March 25, 2026 | Exit / M&A | $4.75B | $4.75B | Ecolab |
| 2023 | Buyout / PE Acquisition | $270M | $0.27B | KKR |
Jason Waxman
Chief Executive Officer
Patrick McGinn
President and Chief Operating Officer
Brydon Gierl
Founder, Senior Vice President
Competitor list is illustrative and may be incomplete, stale, or erroneous.
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Vertiv provides comprehensive cooling and power management solutions for data centers and mission-critical infrastructure
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Asetek develops and manufactures liquid cooling systems for data centers and computing systems
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Provider of data center infrastructure and cooling solutions across Africa and beyond
Rittal
Rittal offers modular cooling and IT infrastructure solutions for data centers
nVent Electric
nVent provides electrical and thermal management solutions, including cooling systems for data centers
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