A two-year-old company is now worth $1.05bn. It writes software that makes data centres use less electricity on demand.
Emerald AI raised $150mn in an oversubscribed Series A, the company announced on Tuesday. Energize Capital and DCVC co-led it, and the round takes total funding past $220mn.
The investor list is the tell. Nvidia, Siemens, RWE and GE Vernova all took part. So did Aramco Ventures, Samsung Ventures, Salesforce Ventures, JERA Ventures and the CIA-backed In-Q-Tel, alongside John Doerr and Tom Steyer. Twelve Fortune Global 500 companies now hold stakes and sit on the company’s strategic advisory board.
What the software actually does
Emerald Conductor sorts computing jobs by how much delay each customer will tolerate. A utility signals that the grid is under strain. The platform then slows, pauses, caps or moves the jobs that can wait.
