Exowatt raised $20M in seed funding led by a16z, Atomic, and Sam Altman to expand its team and deploy the Exowatt P3 with its first set of data center customers.

Apr 22, 2024•over 1 year ago

Amount Raised

$20 Million

Round Type

seed

MiamiBiomass EnergyRenewable EnergyEnergy

Investors

Sam AltmanAtomicA16z

Description

Exowatt, co-founded by Jack Abraham and Hannan Parvizian, raised $20m in seed funding to expand its team and deploy the Exowatt P3 with its first set of data center customers.

Company Information

Company

Exowatt

Location

Miami, Florida, United States

About

Exowatt is a next generation renewable energy company offering commercial and industrial customers a modular full-stack energy solution that can provide dispatchable power and heat for up to 24 hours per day, specifically designed to meet the needs of energy-intensive applications such as data centers. Our mission is clear, to make sustainable renewable energy always available and almost free.

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Funding Insights

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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