Emerald AI Hits $1B Valuation After Raising $150M to Connect Data Centers to Power Grids
Summary
Emerald AI reaches unicorn status with a $1.05B valuation after raising $150M in an oversubscribed Series A, backed by Nvidia, Samsung, and Siemens, as its grid-balancing software for AI data centers goes live across the US and UK amid surging global power demand.
Key Points
- Emerald AI raises $150M in an oversubscribed Series A round, reaching a $1.05B valuation, with Energize Capital and DCVC leading the round alongside major investors including Nvidia, Samsung Ventures, Siemens, and General Catalyst.
- The company's Emerald Conductor software connects AI data centres to utilities and grid operators, automatically adjusting power consumption during grid stress without compromising computing performance, with commercial deployments now live across the US and UK.
- Founded in 2024 by former Biden administration climate official Varun Sivaram, Emerald AI is expanding globally with $220M in total funding, targeting AI companies, data centre operators, and electric utilities as grid power demand from data centres surges toward 20% of global electricity growth by 2030.