Tech Company Financing Transactions
Phaidra Funding Round
On 7/2/2024, Phaidra secured $12 million in financing from Index Ventures and private investors.
Transaction Overview
Company Name
Announced On
7/2/2024
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Undisclosed
Investors
Index Ventures (Lead Investor) (Martin Mignot)
Proceeds Purpose
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.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
2240 North Pacific St.
Seattle, WA 98103
USA
Seattle, WA 98103
USA
Phone
Undisclosed
Website
Email Address
Overview
Phaidra is an industrial AI company. We create self-learning, intelligent control systems for industrial facilities. The physical world today is filled with static infrastructure. Factories, power plants, and other industrial facilities are frozen in time -- they operate in the same way they've operated for decades because their control systems are hard-coded.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
James Gao
Chief Technical Officer
Veda Panneershelvam
President
Katie Hoffman
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Where The Data Comes From
We do our best to record all VC transactions involving tech companies. VC transactions reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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