GridCARE, a new company supporting the growth of artificial intelligence (AI), has raised $13.5 million in seed funding. The round was led by Xora, a tech-focused investment firm backed by Temasek. The funding round was highly oversubscribed, meaning more investors wanted to join than the company had room for.
On Tuesday, GridCARE said it had also received investments from several other firms, including Aina Climate AI Ventures, Sherpalo Ventures, Breakthrough Energy Discovery, Overture Ventures, WovenEarth, Acclimate Ventures, Clearvision, and Clocktower Ventures.
Well-known people in the AI and energy industries also invested, such as Tom Steyer, Ram Shriram, Gokul Rajaram, Felix Zhang, Balaji Prabhakar, and Tarun Raisoni.
“Energy is now the most important factor in the race to lead AI. The companies that can get steady and reliable power the fastest will be the ones that lead the future of AI.”
“By serving as the bridge between AI infrastructure developers and utility companies, GridCARE gives our partners the critical speed advantage they need to win this race while strengthening energy resilience,” said Amit Narayan, Chief Executive Officer and Founder of GridCARE.
The rapid growth of AI has led to a huge increase in the need for electricity, and experts say this demand could more than double by the year 2050.
As companies rush to find new power sources for AI data centers, a lot of the power already available on the grid is going unused because it’s not being properly tracked or seen.
GridCARE uses smart AI technology to find and use power that’s already available but not being used. This helps developers get reliable electricity much faster and cheaper without needing to build new power sources.
GridCARE works directly with large tech companies and major AI data center developers to speed up access to power. They help upgrade current data centers and find new locations that already have enough power ready for massive AI setups.
By using advanced AI to analyze when and where there’s extra space and power available on the current energy grid, this approach can cut the time it takes to power new data centers from 5–7 years down to just 6–12 months. This means AI companies can set up and run their computer hardware (like GPUs and CPUs) much faster.
As a single power partner for data center developers, the company takes care of dealing with thousands of utility providers. This way, developers can focus on building and innovating instead of worrying about how to get power.
GridCARE is helping solve one of the biggest challenges for AI data centers today — getting enough reliable and scalable power. Experienced entrepreneur Amit Narayan leads the company, and the team has deep knowledge in the field. They’ve already made strong progress working with utility companies and large tech firms.
“Their differentiated, execution-focused approach enables power at speed and scale. At Xora, we’re proud to support this exceptional team as they address one of the most urgent infrastructure challenges of our time,” said Peter Lim, Partner at Xora.
GridCARE is working closely with utility companies like Portland General Electric and Pacific Gas & Electric. These utilities see using their current power grid more efficiently as a way to make more money and lower electricity costs for all their customers.
“Collaborating with GridCARE and using advanced planning tools enables Portland General Electric to make more informed and faster decisions in bringing this critical infrastructure online with confidence,” said Larry Bekkedahl, Senior Vice President of Advanced Energy Delivery at Portland General Electric.
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