US energy infrastructure firm Verse has closed an oversubscribed $54 million Series B funding round to support the deployment of its new platform, which promises to significantly reduce the time-to-power for data centers.
The funding round was led by Bessemer Venture Partners with participation from GV, Nvidia, and Norrsken VC.
– Verse
The proceeds of the funding will be used to launch its Dispatch Intelligence platform, which the company claims is designed to help data centers get online years faster by intelligently orchestrating on-site energy resources alongside existing grid infrastructure.
The platform was developed in partnership with energy storage firm Calibrant Energy. According to the partners, the platform will support data centers in utilizing battery systems and other technologies to reduce grid utilization during specific periods, which they claim can accelerate interconnection approvals by years, dramatically improving speed to power.
