Emerald AI Secures $150M Series A Funding Led by Energize Capital and DCVC

Odaily News: Emerald AI, an AI data center power management software company, has completed a $150 million Series A funding round at a valuation of $1.05 billion. The round was co-led by Energize Capital and DCVC, with participation from several financial and strategic investors. Following the completion of this round, the company's cumulative funding has surpassed $220 million.

Emerald AI primarily helps AI data centers dynamically adjust power consumption based on grid conditions to alleviate power supply pressure. The company plans to use the new funds to expand its global commercial deployment, with current clients including leading AI companies, data center operators, and electric utility companies. Morgan Stanley projects that global annual new electricity demand will exceed 1 trillion kilowatt-hours by 2030, with data centers contributing nearly 20% of that growth. (Reuters)