Utilidata, an energy AI infrastructure platform, has raised an additional $40 million as part of its Series C funding round, bringing the total raised to $100 million.
– Utilidata
The round was led by existing investor Renown Capital Partners, with participation from Keyframe Capital. The funding extension follows Utilidata’s initial Series C funding round, which closed in June of last year.
"Power availability is the defining constraint for data centers right now," said Josh Brumberger, CEO of Utilidata. "Karman squeezes every watt out of the power you already have, and makes every new megawatt you bring online work smarter. We're commercializing this at exactly the right moment, and we're grateful for the investors who've backed us to do it."
The company said that the funding will expand the deployment capabilities of its power orchestration platform, Karman, which was developed in collaboration with Nvidia.
