Articles from Emerald AI

Emerald AI, the company transforming data centers into flexible assets for the power grid, today announced it has raised $150 million in an oversubscribed Series A financing at a valuation of $1.05 billion. The round was co-led by Energize Capital and DCVC, joined by a global group of leading financial and strategic investors–the company now counts 12 Fortune Global 500 companies as investors. With five global demonstrations complete, Emerald AI's technology is now deployed commercially, dynamically flexing power consumption at multi-megawatt, full data center scale. The company will use the new capital to scale commercial deployments worldwide with its customers, which include leading AI firms, data center operators, and electric power utilities.