Emerald AI Raises $150 Million for AI Data Center Power Software

Emerald AI has raised $150 million in Series A funding at a $1.05 billion valuation, the company announced in a press release. The round was co led by Energize Capital and DCVC, bringing Emerald AI total funding to more than $220 million.

Emerald AI builds software that lets AI data centers adjust power use based on grid conditions. Its Emerald Conductor platform manages AI computing workloads and onsite energy resources to control a facility power draw during periods of grid strain while maintaining critical AI workloads.

The company said it has completed five commercial demonstrations in Arizona, Illinois, Virginia, Oregon, and London. Its software is now deployed commercially at full data center scale, with customers that include AI companies, data center operators, and electric power utilities.

Investors in the round include NVIDIA, Samsung Ventures, Siemens, Aramco Ventures, Salesforce Ventures, GE Vernova, RWE, JERA Ventures, In-Q-Tel, Radical Ventures, Energy Impact Partners, Lowercarbon Capital, and General Catalyst scout fund. Emerald AI said the new capital will support commercial deployments worldwide.