Montreal Tech Watch

CoolIT Systems Closes $6.2 Million financing led by iNovia Capital

By Heri Mar 30th 2009 in Business

CoolIT Systems and iNovia Capital announced last week the closing of a $6.2 million financing.

CoolIT Systems designs advanced cooling solutions for PCs, mainly liquid cooling for CPUs. They’ve had good press coverage at the last CES, especially amongst gamers’ magazine and specialized websites such as the ones geared at overclockers.

Plans on how CoolIT systems plans to use these funds were not detailed, with merely a line about “accelerate the completion of development projects”.

I’m wondering if there are huge needs for liquid cooling systems. Consumers are buying smaller note/netbooks in droves, desktop PCs sales are falling, and gaming for PC isn’t anymore what it used to be from a few years ago. There might be something interesting to do in the servers market, if CoolIT Systems can manage to sell their solutions to manufacturers/designers such as Rackable Systems or SuperMicro — or even in HPC.

(Of course, those are quick guesses — I’m sure they were all factored out)

Congratulations to iNovia and CoolIT Systems.

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