Phaidra Raises $12M in Funding

Phaidra

Phaidra, a Seattle, WA-based provider of an AI-based control system for data centers to improve energy efficiency and increase compute infrastructure, raised $12M in funding.

The round, which brought the total amount to $60.5M, was led by Index Ventures.

The company intends to use the funds for continued investment in research and development, implementation, and customer success, along with expanded go-to-market efforts.

Led by CEO Jim Gao, Phaidra is an AI-powered virtual plant operator that helps mission-critical facilities like data centers improve energy efficiency, plant stability, and sustainability. Its autonomous control systems use reinforcement learning to make real-time decisions geared at helping data centers optimize their energy usage, while automatically learning and getting better over time.

It integrates into existing building management systems to capture real-time data, feed that data into its cloud-based reinforcement learning agent, and autonomously alter the settings on the individual components to achieve optimal performance of the entire system. Phaidra automatically learns and gets better over time.

Commenting on the news, Jim Gan said: “Every data center operator knows they will need to be more efficient to meet this growing demand. At Phaidra, we’re on a mission to revolutionize how data centers are managed with an AI-powered control system that not only adapts in real time, but also continuously learns and improves. The result is cost savings on a massive scale and more revenue to drive further growth.”

FinSMEs

08/07/2024