Summary:
Phaidra, a Seattle-based startup, raised $12 million in funding led by Index Ventures.
The funding will be used to further develop Phaidra's AI-powered platform for managing data center energy consumption.
Phaidra's technology, dubbed a “virtual plant operator”, utilizes sensors and AI to optimize cooling mechanisms, water conservation, and power utilization.
The company's platform enables data centers to generate more compute capabilities required by AI systems, which are driving increased demand for energy-intensive cloud computing infrastructure.
Phaidra's technology has a proven track record, having reduced Google's data center cooling energy consumption by 40%.
The company is also part of an Amazon Sustainability Accelerator program.
Phaidra has secured $60.5 million in total funding and employs a team of 100 people.
Seattle-based startup Phaidra has secured $12 million in funding led by Index Ventures to enhance its AI-powered platform for managing data center energy consumption. Founded by DeepMind alumni, Phaidra's technology optimizes data center operations by using an array of sensors to collect and analyze data, enabling them to improve energy efficiency. The company's platform, dubbed a “virtual plant operator”, helps data centers generate more compute capabilities required by AI systems, which are driving increased demand for energy-intensive cloud computing infrastructure. Phaidra's technology also finds applications in the pharmaceutical and energy industries. The company's impressive track record includes a 40% reduction in Google's data center cooling energy consumption and its selection for an Amazon Sustainability Accelerator program. With a total funding of $60.5 million and a team of 100 employees, Phaidra is well-positioned to revolutionize data center management and address the growing demand for efficient energy utilization.
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