Fundz

Phaidra raises $12 million for a data center cooling control system

PRIVATEJul 04, 2024

Amount Raised

$12 Million

Round Type

Funding Round

SeattleSoftwareArtificial Intelligence

Investors

Index Ventures

Description

Seattle-based Phaidra has raised $12 million for its AI control system for data centers, with funding from Index Ventures. The company plans to use the money for R&D, implementation, and go-to-market efforts, aiming to deliver a more stable cooling system that runs on less energy.

Quick answer

Phaidra raised $12 Million in a Funding Round round, dated July 4, 2024. Investors: Index Ventures. Phaidra is based in Seattle, Washington, United States.

How much did Phaidra raise?
Phaidra raised $12 Million in a Funding Round round on July 4, 2024.
Who invested in Phaidra?
Index Ventures is named as investors in this round.
What does Phaidra do?
Phaidra builds intelligent control systems for the world's most complex industrial facilities.
Where is Phaidra based and how big is it?
Phaidra is based in Seattle, Washington, United States. Fundz records about 97 employees.
Who are the decision-makers at Phaidra?
Fundz holds 1 contact at Phaidra. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software and Artificial Intelligence around the same time

Companies in the same sectors as Phaidra that raised within 45 days of this round, from Fundz verified event records.

  • Goodfire raised $7M (Seed) on August 15, 2024.
  • Knowde raised $60M (Series C) on August 15, 2024.
  • Guardoc Health raised $3M (Seed) on August 15, 2024.
  • Boosted.ai raised $10M (Private Equity) on August 15, 2024.
  • Voiceline raised $2.6M (Seed) on August 14, 2024.
  • Sahara AI raised $43M (Funding Round) on August 14, 2024.

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Company Information

Company

Phaidra

Location

Seattle, Washington, United States

About

Phaidra builds intelligent control systems for the world's most complex industrial facilities. By combining reinforcement learning and domain expertise, Phaidra helps operators achieve unprecedented levels of efficiency, reliability, and sustainability. The company was founded by Jim Gao, who previously led Google DeepMind's industrial AI efforts; Vedavyas Panneershelvam, a primary engineer on AlphaGo; and Katherine Hoffman, an operations leader with experience at Trane and Raytheon. Together, they launched Phaidra to bring cutting-edge AI into real-world infrastructure at a moment when the energy demands of AI itself are skyrocketing.

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Phaidra raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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