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- Emerald AI
Emerald AI Valuation, Funding & Investors
Emerald AI is valued at $1.1B as of August 2026.
About Emerald AI
Emerald AI is a developer of software aligning data center computing with power grid conditions. Its Conductor platform dynamically schedules AI tasks like model training, inference, and fine-tuning across data centers in response to grid signals, aiding energy providers in balancing supply and demand while preserving performance.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.1B (Aug 2026)
Emerald AI Valuation
Emerald AI is currently valued at $1.1B, based on its Series A in August 2026.
The $150M round was led by DCVC and Energize Capital, with participation from NVIDIA, Salesforce Ventures, General Catalyst, Emerson Collective, Samsung Ventures and 7 other investors.
Emerald AI's valuation has grown 4.2x from $250M at its seed round in July 2025 to $1.1B in August 2026, across 4 priced rounds.
Emerald AI valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2026 | Series A | $1.1B |
| Aug 2026 | Undisclosed stage | $1B |
| Feb 2026 | Seed | $250M |
| Jul 2025 | Seed | $250M |
Emerald AI Funding History
Emerald AI has raised a total of $304M across 6 funding rounds.
Emerald AI's first fundraising round was a $7M seed round in December 2024. The most recent completed round was a $150M Series A in August 2026.
Emerald AI funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Series A | DCVC (lead); Energize Capital (lead); NVIDIA; Salesforce Ventures; General Catalyst; Emerson Collective; Samsung Ventures; Earthshot Ventures; Lowercarbon Capital; Marunouchi Innovation Partners; Siemens; ADVentures; The Olayan Group; Sabanci Climate Ventures | $150M | $1.1B | Emerald AI raised $150 million in an oversubscribed Series A financing at a $1.05 billion valuation in August 2026. The round was co-led by Energize Capital and DCVC, with participation from strategic and financial investors including General Catalyst’s scout fund, and brought the company’s total capital raised to more than $220 million. The financing was positioned around Emerald AI’s effort to turn AI data centers into flexible grid assets that can dynamically adjust power usage when electricity systems are under stress. The company develops software for AI data centers to reduce or shift power consumption in response to grid conditions, with the stated aim of unlocking up to 100 gigawatts of capacity on the existing U.S. grid while protecting reliability and affordability. Investors in the round included several large industrial and technology companies, reflecting an emphasis on product integration and strategic ecosystem support. Emerald AI launched publicly in July 2025 and is based in Washington, D.C. |
| Aug 2026 | Undisclosed stage | Radical Ventures; Aventurine Partners | $90M | $1B | Emerald AI is raising roughly $100 million at an anticipated post-money valuation topping $1 billion through a $150 million equity offering, of which $90.229639 million has been sold to 23 investors, leaving $59.770361 million available. The company had previously raised $68 million in total funding, including a $24.5 million seed round in July 2025, an $18 million extension in October 2025, and a $25 million strategic expansion round in March 2026 led by Energy Impact Partners; the later rounds included investors such as Lowercarbon Capital, Salesforce Ventures, National Grid Partners, Eaton, GE Vernova, In-Q-Tel, Samsung Ventures, and Siemens. Emerald AI develops software for AI data centers and grid flexibility, aiming to turn data center loads into flexible power assets. |
| Mar 2026 | Strategic investment | Siemens (lead) | - | - | - |
| Feb 2026 | Seed | Energy Impact Partners (lead) | $23M | $250M | Emerald AI develops software, specifically the Emerald Conductor platform, to enable AI data centers to flexibly adjust energy consumption during peak grid demand, reducing power usage by up to 25% while maintaining computing performance, as demonstrated in a 2025 Nvidia test. This addresses the growing energy bottleneck for AI infrastructure by turning data centers into grid assets. The Washington D.C.-based startup, founded in 2020 by Varun Sivaram, emerged from stealth in summer 2025 with $24.5 million seed funding from investors including Nvidia, Radical Ventures, CRV, John Doerr, John Kerry, Jeff Dean, and Fei-Fei Li. In February 2026, Emerald AI raised approximately $22.7-25 million in a seed extension round, as per SEC filing and reports, led by Energy Impact Partners (EIP) with Shayle as lead partner, bringing total funding to around $65-68 million. Prior to this, an $18 million extension in October 2025 was led by Lowercarbon Capital and Radical Ventures, with participation from NVentures (Nvidia), Salesforce Ventures, National Grid Partners, and others, reaching $42.5 million total at that point. The latest round carries a post-money valuation of roughly $250 million. Nvidia has been using Emerald AI's technology since autumn 2025. The funding will scale power-flexible AI infrastructure amid surging AI energy demands. |
| Jul 2025 | Seed | Radical Ventures (lead); Amplo; Fei-Fei Li; John Kerry; NVentures; John Doerr; Malcolm Turnbull; Jeff Dean; Neotribe Ventures; CRV | $34M | $250M | Emerald AI develops Emerald Conductor, a software platform that enables AI data centers to dynamically adjust energy consumption during peak grid demand, reducing power use by up to 25% while maintaining computing performance, as demonstrated in a May 2025 Phoenix trial with Nvidia and published results. The company, founded in 2020 by Varun Sivaram (ex-Orsted and ReNew), emerged from stealth in summer 2025 with $24.5M seed funding backed by investors including NVentures (Nvidia), Radical Ventures, CRV, Jeff Dean, John Doerr, Fei-Fei Li, and others, positioning it to transform data centers into flexible grid assets amid soaring AI energy needs. In October 2025, it raised an $18M seed extension led by Lowercarbon Capital, bringing total funding to $42.5M, with participation from Radical Ventures, NVentures, Salesforce Ventures, National Grid Partners, Amplo, Earthshot, and John Doerr, to accelerate commercialization following demos and industry recognition like the Pittsburgh Energy and AI Summit. A later Feb 2026 seed extension reportedly raised ~$25M at ~$250M post-money valuation led by Energy Impact Partners, with total funding exceeding $65M per some reports, and an SEC filing noted $22.7M from 20 investors. Emerald AI has secured partnerships like with National Grid for UK trials and aims to bolster US AI competitiveness by optimizing grid capacity for sustainable energy. |
| Dec 2024 | Seed | - | $7M | - | - |
Who has invested in Emerald AI?
26 investors have backed Emerald AI across its funding rounds, including Radical Ventures, Siemens, General Catalyst, Salesforce Ventures, DCVC and NVIDIA.
Lead investors include DCVC, Energize Capital, Siemens, Energy Impact Partners and Radical Ventures.
Emerald AI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jul 2025 | ||
| 2 | Lead | Mar 2026 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Jul 2025 | ||
This data is available for Pro users. Sign up to see all 26 Emerald AI investors. Start Free Trial | ||||
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Start Free TrialEmerald AI Competitors
Emerald AI competitors include listed companies like Appier Group and Rackspace, and private ones like Beyond Identity, Invoca, Obsidian Security and People.ai.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $281M | $44M | $1B | 2.9x | ||
| Private | - | - | $1.1B | - | ||
| Private | $100M | - | $1.1B | 11.0x | ||
| Private | - | - | $1.1B | - | ||
| Private | $41M | - | $1.1B | 26.8x | ||
| Publicly listed | $2.7B | $244M | $997M | 1.6x |
Emerald AI Public Comps
Emerald AI is still privately-owned, but its public comps include Fugro, Exmar, Polenergia, Fluence Energy, Appier Group, Mahanagar Gas, Rackspace, Flotek Industries, Grupo TSK and Rezolve AI.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.1B | $164M | 0.8x | 0.8x | 9.8x | 5.3x | |||
| $248M | $118M | 5.1x | - | 10.7x | - | |||
| $1.1B | $75M | 1.5x | 1.6x | 21.8x | 12.6x | |||
| $2.3B | ($12M) | 0.5x | 0.5x | (103.9x) | (8.7x) | |||
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
| $856M | $162M | 1.2x | 1.1x | 6.2x | 6.8x | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $237M | $25M | 4.9x | 3.6x | 45.6x | 24.2x | |||
This data is available for Pro users. Sign up to see all Emerald AI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Emerald AI
| When was Emerald AI founded? | Emerald AI was founded in 2024. |
| Where is Emerald AI headquartered? | Emerald AI is headquartered in Washington, DC, United States. |
| Is Emerald AI publicly listed? | No, Emerald AI is a private, VC-backed company. |
| What is Emerald AI's valuation? | Emerald AI was last valued at $1.1B in its Series A in August 2026. |
| How much funding has Emerald AI raised? | Emerald AI has raised $304M across 6 funding rounds. |
| What was Emerald AI's last funding round? | Emerald AI's last funding round was a $150M Series A in August 2026, led by DCVC and Energize Capital. |
| Who are Emerald AI's investors? | Emerald AI's investors include Radical Ventures, Siemens, NVIDIA, Salesforce Ventures, General Catalyst, Emerson Collective, Amplo, Fei-Fei Li, John Kerry, NVentures and 16 others. |
| Which companies are comparable to Emerald AI? | Companies comparable to Emerald AI include Appier Group, Beyond Identity, Invoca, Obsidian Security, People.ai and Rackspace. |
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