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. Energize Capital and DCVC co-led the round, 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.

Several of the world's largest companies and leading financial investors participated, including NVIDIA, Samsung Ventures, Siemens, Aramco Ventures, Salesforce Ventures, GE Vernova, RWE, JERA Ventures, ADVentures (ADI's corporate venture capital fund), Sabanci Climate Ventures, In-Q-Tel (IQT), Radical Ventures, Energy Impact Partners, Lowercarbon Capital, Marunouchi Innovation Partners, Emerson Collective, The Olayan Group, the Temerty Group, John Doerr, Tom Steyer, Earthshot Ventures, Collective Global, and General Catalyst's scout fund.

Emerald AI transforms AI data centers into flexible assets for the power grid, securing larger and faster power connections for AI infrastructure, protecting electricity grid reliability, and advancing energy affordability for communities. The Emerald Conductor software platform is the intelligent interface between the world's two most valuable networks, power grids and AI infrastructure, unlocking critical power capacity for the AI era.