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GridCARE Emerges from Stealth with $13.5M to Solve AI’s Power Crisis with Generative Grid Intelligence
- GridCARE, a grid intelligence company, has come out of stealth mode with a $13.5 million seed round to address AI's power challenges.
- The funding was led by Xora, a tech venture firm, with support from climate, AI, and infrastructure investors.
- The surge in global AI market growth is straining power grids, especially due to data centers' rising electricity demands driven by AI.
- GridCARE's platform uses Generative AI to optimize time-to-power for developers, allowing faster deployment of AI infrastructure.
- It acts as a connection between utilities and hyperscalers, simplifying grid access processes and creating new revenue streams for utilities.
- GridCARE's team has expertise in energy, AI, and sustainability, aiming to enhance grid flexibility without new fossil fuel infrastructure.
- Utilities like PGE and PG&E are adopting GridCARE for smarter infrastructure planning to cope with AI's energy demands.
- The company's concept of Power Caching promotes localized energy generation near AI data centers to reduce grid stress.
- Backed by investors like Breakthrough Energy, GridCARE aims to revolutionize grid access and scale with its generative AI platform.
- GridCARE's focus on reimagining grid power delivery is crucial for the scalability of AI models and the future of AI innovation.
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