Fundraising Fox

Emerald AI

Boston, US · Founded 2024 · Delaware corporation · 25 employees · 10 known investors

Emerald AI develops software to enable power flexibility in data centers by orchestrating power demand in response to grid needs. The company applies AI and machine learning to optimize cloud computing systems for grid-aware operations.

AI & Machine LearningCloud ComputingData & InfrastructureDeep TechEnergy

Founders & leadership

Emerald AI was founded in 2024 by Dr. Varun Sivaram and Varun Sivaram.

DV
Dr. Varun SivaramCEO and Founder
VSVarun Sivaram
Varun SivaraminFounder and CEO
ACAyse Coskun
Ayse CoskuninChief Scientist

Board

RTRob Toews
Rob Toewsin𝕏Founding Investor & Board DirectorPartner at Radical Ventures
MSMarkus Specks
Markus SpecksBoard director

Investors · 10

CarbonAmsterdam · $100K
Congruent VenturesSan Francisco · $100K – $5M
Energy Impact PartnersNew York · $5M – $20M
Neotribe VenturesMenlo Park · $250K – $2M
NVenturesSanta Clara
NVIDIASanta Clara
Radical VenturesToronto · $1M – $25M
Earthshot VenturesreportedSydney · $100K – $5M
Lowercarbon CapitalreportedNew York · $100K – $5M
Trust VenturesreportedAustin

Reported raises · per SEC filings

Form D private placements

$159.5M disclosed across 5 rounds · 2024–2026

▶$90.2MraisedAug 2026 · 23 investors · Other Technology
Rule 506(b)
Emerald AI seeks $100M to challenge Nvidia's grip on AI infrastructurecryptobriefing.com · Aug 2026Nvidia-backed Emerald AI seeking to raise a further $100m in funding - report - DCDdatacenterdynamics.com · Jun 2026
Officers, directors & promoters on the filing
  • Varun SivaramExecutive Officer, Director
  • Rob ToewsDirector
  • Markus SpecksDirector
Offering amount
$150M
Amount sold
$90.2M
First sale
Jul 2026
Incorporated
Corporation, Delaware, 2024
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$22.7MraisedFeb 2026 · 20 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Varun SivaramExecutive Officer, Director
  • Markus SpecksDirector
  • Rob ToewsDirector
Offering amount
$25M
Amount sold
$22.7M
First sale
Feb 2026
Incorporated
Corporation, Delaware, 2024
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$34.2MraisedAug 2025 · 37 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Varun SivaramExecutive Officer, Director
  • Rob ToewsDirector
  • Markus SpecksDirector
Offering amount
$35.3M
Amount sold
$34.2M
First sale
Jul 2025
Incorporated
Corporation, Delaware, 2024
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$5MraisedDec 2024 · 22 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Rob ToewsDirector
  • Varun SivaramExecutive Officer, Director
  • Markus SpecksDirector
Offering amount
$5M
Amount sold
$5M
First sale
Dec 2024
Incorporated
Corporation, Delaware, 2024
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$7.3MraisedDec 2024 · 13 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Varun SivaramExecutive Officer, Director
Offering amount
$7.4M
Amount sold
$7.3M
First sale
Nov 2024
Incorporated
Corporation, Delaware, 2024
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 2

by search overlap
Emeraldtechnologies13 shared keywordsEmerald Technologies provides contract manufacturing and full product life-cycle services, including PCBA and SMT production, for high-reliability and mission-critical products across markets such as medical, life science, aerospace, and drones. It operates global facilities in the USA, China, and Malaysia.
Ted11 shared keywordsTED is a nonprofit that shares educational and inspiring talks and ideas with a global audience to encourage change across individuals and communities. It distributes video content, hosts events, and offers memberships and topic-based newsletters.

Companies competing with Emerald AI for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Emerald AI seeks $100M to challenge Nvidia's grip on AI infrastructurecryptobriefing.com · Aug 2026Emerald AI is raising a new round at a $1 billion-plus valuationaxios.com · Jul 2026Emerald AI raises $25m in seed extension funding - report - DCDdatacenterdynamics.com · Jun 2026Nvidia-backed Emerald AI seeking to raise a further $100m in funding - report - DCDdatacenterdynamics.com · Jun 2026Emerald AI raises $22.7M, new SEC filing reports - Virginia Businessvirginiabusiness.com · Feb 2026Emerald AI raises $22.7 million in new funding - Washington Business Journalbizjournals.com · Feb 2026Nvidia backed Emerald AI secures $42.5M to power-flexible infrastructureamericanbazaaronline.com · Oct 2025

Frequently asked questions

What does Emerald AI do?
Emerald AI develops software to enable power flexibility in data centers by orchestrating power demand in response to grid needs. The company applies AI and machine learning to optimize cloud computing systems for grid-aware operations.
Who founded Emerald AI?
Emerald AI was founded by Dr. Varun Sivaram, Varun Sivaram in 2024.
Who are Emerald AI's investors?
Emerald AI's investors include Carbon, Congruent Ventures, Energy Impact Partners, Neotribe Ventures, NVentures, NVIDIA, Radical Ventures, Earthshot Ventures and 2 more.
How much funding has Emerald AI raised?
Emerald AI has disclosed $159.5M raised across 5 rounds.
Where is Emerald AI headquartered?
Emerald AI is headquartered in Boston, US.