Phaidra
Assembly Line
Phaidra Raises $12 Million to Help Data Centers Increase Compute Infrastructure
Phaidra, an AI-based control system that helps mission-critical facilities like data centers improve energy efficiency and increase compute infrastructure, announced $12 million in new funding led by Index Ventures, bringing their total capital raised to $60.5 million. The new funding will allow Phaidra to accelerate expansion of its autonomous control systems, which use reinforcement learning to help data centers optimize their power usage while improving reliability. The announcement comes at a time when rapid AI innovation relies on scaling compute. This, combined with a shortage of power and skilled labor needed to support mission-critical facilities like data centers, is contributing to a global crisis where AI innovation is constrained by a lack of compute infrastructure.
Phaidra’s AI control platform turns industrial facilities into intelligent, self-learning systems that combine the precision of manual methods with the scalability and efficiency offered by AI. It seamlessly integrates into existing building management systems to capture real-time data, feed that data into its cloud-based reinforcement learning agent, and autonomously alter the settings on the individual components to achieve optimal performance of the entire system. And unlike traditional control systems, which slowly degrade and require regular manual programming updates, Phaidra automatically learns and gets better over time. Phaidra’s early customers have seen efficiency improvements amounting to millions of dollars in cost savings, which translates to increased power availability for revenue-generating services.
Phaidra Uses AI to Boost Industrial Profitability and Reduce Emissions
Phaidra, a pioneer of using artificial intelligence (AI) to improve efficiency, stability, and sustainability in the industrial sector, has closed $25M in Series A funding, the company announced today. The funding will allow Phaidra to accelerate deployment of its technology in mission-critical industries, from data centers and refineries to pharmaceutical plants and steel mills.
‘At DeepMind, my co-founders and I saw first-hand how deep reinforcement learning was creating breakthroughs in multiple real-world applications. We started Phaidra to bring the benefits of this technology beyond the tech companies to the industrial sector,’ said Jim Gao, CEO of Phaidra. ‘Robert’s company-building expertise and the Series A raise will go a long way towards achieving our mission of radical resource efficiency.’