Team S on Newnex: AI startup Phaidra has raised $12 million to…

AI startup Phaidra has raised $12 million to enhance its data center…

Team S · 2024-07-04T18:32:35.000Z

AI startup Phaidra has raised $12 million to enhance its data center cooling control systems. The funding, led by Index Ventures, will be used for research and development, implementation, and market expansion. Phaidra's AI platform optimizes data center cooling, reducing energy consumption. Founded by Jim Gao, Vedavyas Panneershelvam, and Katie Hoffman, the Seattle-based company has now raised a total of $60.5 million. Other investors include the Callab Fund, Helena, Flying Fish Partners, Character, S32, Ahren, and GSFutures, with notable investors like Mustafa Suleyman and Mark Cuban. https://www.datacenterdynamics.com/en/news/ai-startup-phaidra-raises-12-million-for-data-center-cooling-control-system/

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Team S on Newnex: AI startup Phaidra has raised $12 million to…