AI Power Infrastructure Company Emerald AI Completes $150 Million Funding Round, Reaching a Valuation of $1.05 Billion
According to Reuters, AI data center power infrastructure company Emerald AI announced the closing of its $150 million Series A funding round, valuing the company at $1.05 billion. Co-led by Energize Capital and DCVC, this round brings Emerald AI’s total funding raised past $220 million. Emerald AI is focused on transforming AI data centers into flexible grid resources, addressing one of the major bottlenecks hindering AI development: power supply. The newly raised capital will be used to expand global commercial deployments in partnership with AI companies, data center operators, and utilities.