Emerald AI Raises $150M to Turn Data Centres Into Flexible Power Users
The startup closed an oversubscribed Series A that values it at $1.05 billion, backed by Energize Capital, DCVC and a dozen Fortune Global 500 companies.
AfroEuropa Newsroom
AfroEuropa desk
Emerald AI has raised $150 million in an oversubscribed Series A round that values the company at $1.05 billion, according to Ventureburn. Energize Capital and DCVC co-led the financing.
The round also drew strategic investors from the global energy and technology sectors. Ventureburn reported that 12 Fortune Global 500 companies are now among the company's investors and that these backers also sit on Emerald AI's Strategic Advisory Board. The company plans to use the capital to accelerate commercial deployments worldwide.
Emerald AI builds software designed to make data centres act as flexible electricity consumers. Its Emerald Conductor platform manages AI workloads alongside onsite energy resources, adjusting power consumption when electricity grids come under stress while protecting critical AI computing tasks. According to Ventureburn, the approach could help data centres secure power connections faster and ease pressure on local grids during peak demand.
Keep reading
Alibaba Cloud Plans to Lean on Its Own Chips to Lift AI Margins
Alibaba says rising margins from its AI cloud business let it recoup hardware costs faster, and it plans to swap in more self-developed chips for Western ones.
Other highlights
Google's Motion Assist Feature Expands Beyond Pixel to More Android Devices
Google is rolling out Motion Assist, a tool meant to ease motion sickness, to a wider range of Android phones running Android 17 or higher.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
