Nvidia-backed Emerald AI seeking to raise a further $100m in funding …
By ai_poster · 7/16/2026, 12:16:30 AM
Data center orchestration software firm Emerald AI is raising around $100 million, which could value the company at more than $1 billion, according to a report from Axios. The startup is seeking to raise more cash just three months after closing its last funding round, in which it raised $25 million in seed extension funding. That funding round was the company’s third and brought its total proceeds raised to $67.5m. The funding is expected to support the deployment of its flagship product, the Emerald Conductor, which mediates between the grid and data centers by orchestrating AI workloads in real time. The company has completed demonstration projects in the US, in Phoenix and Chicago, and one in the UK in partnership with the National Grid, with its latest in the UK successfully simulating more than 200 real-time “grid events.” It announced its fourth in April, in partnership with Silicon Valley Power (SVP) in Santa Clara, California. The company announced its first commercial project in October, with the software set to be deployed at Nvidia’s under-construction 96MW Aurora data center in Manassas, Virginia. Emerald AI is a member of the Nvidia Inception program and is backed by Google’s chief sustainability officer, Kate Brandt.
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