Emerald AI valued at $1.05 billion after Series A funding round

The fix for AI's power problem is turning it down

A two-year-old company is now worth $1.05bn. It writes software that makes data centres use less electricity on demand. Emerald AI raised $150mn in an oversubscribed Series A, the company announced on Tuesday. Energize Capital and DCVC co-led it, and the round takes total funding past $220mn. The investor list is the tell. Nvidia, Siemens, […] This story continues at The Next Web

Emerald AI valued at $1.05 billion after Series A funding round

Aug 25 (Reuters) - Emerald AI, which develops software to help AI data centers reduce or shift power usage when electricity grids ​are under stress, said on Tuesday it ‌had raised $150 million in a funding round that valued the company at $1.05 billion...

Emerald AI Raises $150 Million Series A at $1.05 Billion Valuation to Scale Power-Flexible AI Data Centers

* Emerald AI is tackling AI's power crunch by transforming AI data centers into flexible grid assets that dynamically adjust power consumption in res

Emerald AI CEO Varun Sivaram: We transform AI data centers into 'flexible grid allies'

Varun Sivaram, Emerald AI founder and CEO, joins 'Squawk Box' to discuss what the company does, how it helps AI data centers control its power when the grid is stressed out, state of AI energy demand, AI circular financing, and more.

Emerald AI Closed a $150 Million Series A at a $1.05 Billion Mark:

HedgeCo.Net — Emerald AI, the Washington, D.C. software company that treats AI data centers as flexible grid assets, said Tuesday it had raised $150 million in an oversubscribed Series A at a $1.05 billion valuation. Reuters, carried on Yahoo Finance, independently reported the same $150 million and the same $1.05 billion mark. VentureBeat printed both figures from the announcement. Energize Capital and DCVC co-led the round, the company, Reuter…

Nvidia-Backed Emerald AI Raises $150M to Transform AI Data Centers, Turns ‘Unicorn’

Nvidia-backed Emerald AI has closed a $150 million Series A funding round as it bids to transform AI data centers into flexible assets for the power grid, and maybe turning “them from villains into heroes,” as its co-founder Varun Sivaram told The New York Times. The round was co-led by Energize Capital and Palo Alto, Calif.-based DCVC, as Emerald AI became a “unicorn” with a valuation in excess of $1 billion. Besides Nvidia, Samsung Ventures, G…