By VC News Daily
SEATTLE, WA, Phaidra today announced $12 million in new funding led by Index Ventures.
Phaidra, an AI-based control system that helps mission-critical facilities like data centers improve energy efficiency and increase compute infrastructure, today announced $12 million in new funding led by Index Ventures, bringing their total capital raised to $60.5 million. The new funding will allow Phaidra to accelerate expansion of its autonomous control systems, which use reinforcement learning to help data centers optimize their power usage while improving reliability. The announcement comes at a time when rapid AI innovation relies on scaling compute. This, combined with a shortage of power and skilled labor needed to support mission-critical facilities like data centers, is contributing to a global crisis where AI innovation is constrained by a lack of compute infrastructure.
Phaidra is an AI-powered virtual plant operator that helps mission-critical facilities like data centers improve energy efficiency, plant stability, and sustainability. Phada’s 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.
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