CoolIT Systems Reports Unprecedented Growth Fueled by Generative AI Expansion in 2023

CoolIT Systems, the global leader in advanced cooling technology for data centers, has announced a successful year in 2023, reporting unprecedented growth amidst the continued expansion of generative AI.

Amidst the surge in demand for liquid cooling driven by the expansion of generative AI, CoolIT Systems, the market and technology leader in liquid cooling, remains at the forefront. With over 23 years of industry leadership, the company is poised to continue to meet and sustain the rising demand in this dynamic market.

A pivotal moment in 2023 saw strategic investments from KKR and Mubadala, fortifying CoolIT’s scalability and bolstering service capabilities across enterprise, high-performance computing, and AI data center sectors.

Notable achievements throughout 2023 include the following:

  • The expansion of generative AI drove the increased demand for liquid cooling, reinforcing our position as the global market and technology leader with over 23 years of expertise.
  • CoolIT Systems secured a strategic investment by KKR and Mubadala which enhanced CoolIT’s scalability, elevating service capabilities in enterprise, high-performance computing, and AI data centers.
  • CoolIT collaborated with major server manufacturers like Dell Technologies, HPE, Supermicro, and GIGABYTE on AI-ready solutions including Dell XE9640, GIGABYTE G492-ZL2, and Supermicro H100 servers.
  • CoolIT’s Direct Liquid Cooling technology powers the COSMA-8 Supercomputer at Durham University and supports Dawn, the UK’s fastest AI supercomputer at Cambridge University.
  • CoolIT increased its global employee headcount by 58% to meet industry demands, reinforcing its commitment to innovation.
  • CoolIT was recognized by Financial Times as one of the fastest-growing companies in the Americas.

“We say thank you to our dedicated team members, valued customers, and trusted partners. Together, we look forward to another year of groundbreaking accomplishments and industry leadership.” said Hamid Rafiei, Senior Vice President of Global Operations at CoolIT Systems.

About CoolIT Systems

CoolIT Systems specializes in scalable liquid cooling solutions for the world’s most demanding computing environments. In the desktop enthusiast market, CoolIT provides unparalleled performance for a range of gaming systems. In the enterprise data center and high-performance computing markets, CoolIT partners with global leaders in OEM server design to develop the most efficient and reliable liquid cooling solutions for their own leading-edge products. Through its modular Direct Liquid Cooling technology, CoolIT enables dramatic increases in rack densities, component performance, and power efficiencies. Together, CoolIT and its partners are leading the way for the widespread adoption of high-performance computing.

For more information about CoolIT Systems and its technology visit  and follow @CoolIT Systems on LinkedIn.

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