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Emerald AI Launches with $24.5M Seed Round to Transform AI Data Centers into Grid Allies

Emerald AI Launches with $24.5M Seed Round to Transform AI Data Centers into Grid Allies

July 10, 2025 Craig Etkin

Breakthrough software addresses critical energy bottleneck challenging America’s AI infrastructure leadership

WASHINGTON, July 1, 2025 /PRNewswire/ — Emerald AI announced its official launch, unveiling the results of its first commercial demonstration and $24.5 million in seed funding led by Radical Ventures, with participation from NVentures (NVIDIA’s venture capital arm), AMPLO, CRV, and Neotribe. Emerald AI is also backed by an array of notable individual investors, including Google Chief Scientist Jeff Dean, former Secretary of State John Kerry, former Australian Prime Minister Malcolm Turnbull, AI pioneer Professor Fei-Fei Li, and Kleiner Perkins Chairman John Doerr.

The company’s breakthrough AI software addresses an emerging challenge: the electric power system must keep up with AI’s soaring energy demand. New US data centers seek 50-100 GW of additional power by 2030, but the deep deficit in available power grid interconnections will stunt AI innovation and U.S. competitiveness. Without new solutions, the North American grid reliability regulator has warned that this increased demand challenges power system stability, while massive investments to build electricity infrastructure over the coming decades raise energy prices for American communities.

“Emerald AI transforms data centers from grid liabilities into flexible assets,” – CEO Dr. Varun SivaramPost this

“We’re at a critical inflection point as exponential growth of AI computing pressures our electrical infrastructure,” said Emerald AI founder and CEO Dr. Varun Sivaram. “To unshackle AI technology progress from power constraints, Emerald AI transforms data centers from grid liabilities into flexible assets, enabling grid operators to swiftly interconnect AI, bolster reliability and energy security, and more efficiently harness the massive spare capacity on today’s grids.”

Emerald AI has assembled a world-class team led by Dr. Sivaram, a former Fortune 500 C-suite energy executive, senior U.S. diplomat, Rhodes Scholar, and physicist. The leadership team also includes Boston University Professor Ayse Coskun, a pioneer in flexible AI and high-performance computing, Shayan Sengupta, who brings two decades of hyperscale cloud and AI leadership from industry giants like Amazon and Intel, and Aroon Vijaykar, former energy executive at Sunrun and chief executive of AEE Solar.

The Emerald AI Conductor software platform orchestrates AI workloads in real-time, enabling data centers to dynamically adjust their energy consumption and support grid stability while assuring acceptable AI compute performance. By intelligently managing energy consumption through software, AI data centers can bypass grid interconnection queues that can stretch 7-10 years or more.

“Emerald AI’s approach accelerates AI deployment while simultaneously enhancing grid reliability and shielding consumers from escalating energy costs,” said former Secretary of Commerce and Emerald AI Advisor Gina Raimondo. “Enabling faster innovation without putting additional strain on our existing power systems is critical for maintaining America’s competitive edge in AI development.” 

“AI is driving unprecedented demand for energy. Without a solution to flexibly service that demand, innovation slows,” said John Doerr, Kleiner Perkins Chairman. “Emerald AI’s technology can unlock up to 100 GW of untapped grid capacity by harnessing the infrastructure we already have. Emerald AI’s transformational software turns AI data centers from grid stressors to grid supporters.”

The implications extend far beyond technology. “America cannot win the AI race without sufficient power,” said former Secretary of State John Kerry. “Emerald AI’s software delivers immediate impact that unlocks further AI innovation while best utilizing today’s electricity resources.”

Emerald AI’s technology is already proving effective in major, real-world demonstrations. Today, Emerald AI released results of a first-of-its-kind demonstration as part of EPRI’s DCFlex Initiative in Phoenix, Arizona alongside partners including Oracle Cloud Infrastructure (OCI), NVIDIA, EPRI, and the regional power utility Salt River Project (SRP). Emerald AI’s Conductor platform demonstrated that an AI compute cluster of GPUs in a commercial data center can reduce power consumption by 25% for 3 hours as a precise response to critical periods of grid stress such as a summer system peak load event, while assuring acceptable customer performance for AI workloads. Alongside its partners, Emerald AI is preparing for even larger-scale demonstrations in Phoenix and around the country.

“The next 6-12 months will determine the gold standard for grid-responsive computing, and we’re confident Emerald AI is uniquely positioned to set that standard,” shared Rob Toews, Radical Ventures Partner.

Emerald AI, a member of the NVIDIA Inception program for startups, is also backed by BCG Chairman Rich Lesser, Google Chief Sustainability Officer Kate Brandt, Three Cairns co-founder Mark Gallogly, Galvanize Co-Chair Tom Steyer, Crusoe CEO Chase Lochmiller, Weights and Biases CEO Lukas Biewald, and other distinguished investors.

About Emerald AI

Emerald AI is the pioneer in AI-driven compute orchestration, transforming energy-intensive data centers into intelligent grid assets. Its AI-powered Conductor platform enables data centers to dynamically adjust power consumption by orchestrating AI workloads, such as training, fine-tuning, and inference, across networks of data centers in real-time. For more information, visit www.emeraldai.co.

SOURCE Emerald AI

Copyright © 2025 Cision US Inc.


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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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