Emerald AI hits unicorn status with $150M raise

Data center power startup Emerald AI has raised $150 million in an oversubscribed Series A round, reaching a $1.05 billion valuation. The company's software, Emerald Conductor, schedules AI workloads against onsite batteries and power generation, allowing data centers to reduce grid strain without interrupting critical computing jobs. Emerald completed five live demonstrations across the US and London with partners including Nvidia, Oracle and National Grid. A major project is underway in Manassas, Virginia, with Digital Realty and Nvidia on a nearly 100-megawatt AI facility. Total investor funding now exceeds $220 million.