Verse has raised $54 million in a Series B round led by Bessemer Venture Partners, with NVIDIA, a leader in AI chip infrastructure, also backing the company.
This San Francisco startup uses on-site battery storage so AI data centres can avoid interconnection queues and get online up to three years sooner, all without reducing compute performance.
Right now, data centres that need to connect to the grid often wait five to seven years for approval. This leaves about $500 billion in yearly revenue stuck in the queue.
Every major AI company is racing to build new data centres, but most are stuck waiting for the electricity they need. At major hubs, grid interconnection queues now last five to seven years, and the wait keeps growing. Verse, based in San Francisco, believes batteries can shorten this delay by years.
Earlier this week, the company closed a $54 million Series B round to show it can be done.
