Verse, a platform that helps large energy users manage and access power, has raised US$54m in Series B funding to help launch its new product Dispatch Intelligence.
The company was founded in 2022 by Matt Penfold and Seyed Madaeni and has quickly built a reputation in the tech sector thanks to its proprietary software, Aria.
The platform is now used by several Fortune 500 companies, including Walmart, Meta and BASF, all of which are looking to make sense of their sprawling energy portfolios by tracking utility bills, contracts and power purchase agreements.
Dispatch Intelligence promises to build on those capabilities by helping companies secure power rather than simply manage it.
Specifically, Dispatch Intelligence will be aimed at data centre operators, helping them to bring sites online faster by making better use of on-site energy resources.
