Nvidia-Backed Emerald AI Raises $25M Seed Extension at $250M Valuation to Optimize Data Center Energy Use
Summary
Nvidia-backed Emerald AI raises $25M in seed extension funding at a $250M valuation, bringing total funding to $42.5M, as its software helps data centers slash energy costs and ease grid strain during peak demand.
Key Points
- Emerald AI, a startup backed by Nvidia, is raising $25 million in seed extension funding at a roughly $250 million post-money valuation, with Energy Impact Partners serving as a lead investor.
- The D.C.-based company develops software that adjusts data centers' electricity consumption to ease grid strain, reduce grid-connection wait times, and lower costs during peak demand periods.
- This latest raise brings Emerald AI's total funding to approximately $42.5 million, following an initial $24.5 million seed round and an $18 million extension led by Radical Ventures and Lowercarbon Capital.