Emerald AI has filed a notice of an exempt offering of securities to raise $24,999,604.00 in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Emerald AI is raising up to $24,999,604.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Emerald AI
Emerald AI transforms energy-intensive data centers into AI-powered grid allies. The Emerald AI Conductor platform enables AI data centers to flexibly adjust their power consumption from the electricity grid on demand, orchestrating the computing loads of inference, training, and fine-tuning AI models across a network of data centers to bolster the power grids reliability while meeting strict compute performance standards. Flexibility could unlock up to 100 GW, or more than a decade of U.S. AI data center growth and trillions in AI investment, without enormous investments in electric grids or power plantsadvancing innovation and competitiveness, ensuring power affordability for communities across the country, and bolstering the reliability of the electric power system.
To learn more about Emerald AI, visit https://www.emeraldai.co/
Emerald AI Linkedin Page: https://www.linkedin.com/company/emerald-ai-1/
Contact:
Varun Sivaram, Chief Executive Officer
408-656-0083
https://www.linkedin.com/in/varunsivaram/
SOURCE: http://www.intelligence360.io
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