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SprayCool

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SprayCoo develops electronics thermal management and environmental isolation enclosure products

Liberty Lake, United StatesFounded 1988Engineering and Manufacturing Equipment
Valuation $50–100M Last recorded · 2007
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About SprayCool

In 1988, brothers Donald and Chuck Tilton founded a company in Clarkston, Washington, called Isothermal Systems Research (ISR). Their focus was on a complex problem: as electronics became more powerful, they generated more heat. Traditional air and liquid cooling had limitations, especially in harsh environments. ISR developed a novel solution: direct-spray cooling. The technology involved spraying a fine mist of a non-conductive fluid directly onto hot electronic components. This fluid would evaporate, efficiently removing heat in a closed-loop system, allowing for smaller, lighter, and more reliable high-performance electronics. The company found its niche in demanding sectors like military and aerospace, providing cooling for systems in unmanned aerial vehicles and even the U-2 spy plane. Recognizing their core technology's brand potential, the company officially changed its name to SprayCool in 2006. By 2009, the privately held company was generating over $11 million in sales. This success attracted a major player in motion and control technologies. In March 2010, SprayCool was acquired by Parker Hannifin Corp. and integrated into its Parker Aerospace division. The acquisition was a strategic move for both; SprayCool's innovative enclosures, combined with Parker's expertise in pumps and valves, created a more complete thermal management system. This marked the next chapter for the Tilton brothers' cooling technology, solidifying its place within a global industrial giant.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
1988
Headquarters
Liberty Lake, United States
Employees
3
Open positions
None listed
Dealroom signal
21.3/100
Industry
Engineering and Manufacturing Equipment
Sector
Engineering and Manufacturing Equipment
Technology
Hardware
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Mar 2010 $0 — Undisclosed —
EARLY VC✓Equity / VC Mar 2007 $10M $40M Fluke Venture Partners —
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Growth signals

SprayCool website traffic

Latest recorded traffic for SprayCool is 0 monthly website visits.

Latest monthly visits0
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Fluke Venture Partners
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Liberty Lake HQ
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Market sentiment

Posts on X, past 7 days

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Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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