
Emerald AI, a new startup funded by Nvidia (NASDAQ:NVDA) and other famous names, announced July 1 that it has developed software that turns energy-intensive data centers into flexible tools for managing electricity demand.
The company says it raised $24.5 million in seed funding, led by Radical Ventures with participation from Nvidia through NVentures, CRV, Neotribe, and AMPLO. Notable backers include former U.S. Secretary of State John Kerry, Kleiner Perkins Chair John Doerr, former Australian Prime Minister Malcolm Turnbull, Google Chief Scientist Jeff Dean and AI expert Fei-Fei Li.