GridCARE, a new company powering the artificial intelligence (AI) revolution, has closed a highly oversubscribed $13.5 million Seed financing round led by Xora, a deep technology venture capital firm backed by Temasek.
GridCARE said in a statement on Tuesday that in addition to Xora, the firm has also received investments from Aina Climate AI Ventures, Sherpalo Ventures, Breakthrough Energy Discovery, Overture Ventures, WovenEarth, Acclimate Ventures, Clearvision, and Clocktower Ventures, as well as prominent AI and energy founders and operators, including Tom Steyer, Ram Shriram, Gokul Rajaram, Felix Zhang, Balaji Prabhakar, and Tarun Raisoni.
“Power is the new kingmaker in the AI arms race. Companies that secure reliable energy fastest will dominate the next generation of AI,
“By serving as the bridge between AI infrastructure developers and utility companies, GridCARE gives our partners the critical speed advantage they need to win this race while strengthening energy resilience,” said Amit Narayan, Chief Executive Officer and Founder of GridCARE.
It is noted that the explosive growth of AI has created unprecedented demand for power, expected to more than double by 2050.
While AI infrastructure developers scramble to secure new power sources for data centers, vast amounts of existing grid capacity remain invisible.
GridCARE uses advanced AI to unlock this untapped capacity, enabling developers to secure reliable power at a fraction of the time and cost without waiting for new construction.
The firm works directly with hyperscalers and some of the biggest AI data center developers to accelerate time-to-power for infrastructure deployment, both for upgrading existing facilities and identifying new sites with immediate power availability for gigascale AI clusters.
By leveraging advanced generative AI-based analysis to find pockets with geographic and temporal capacity on the existing grid, it reduces data centers’ time-to-power from 5-7 years to just 6-12 months, allowing AI companies to deploy GPUs and CPUs faster.
As the one-stop power partner for data center developers, the firm also eliminates the complexity of navigating thousands of different utility companies so developers can focus on innovation rather than power acquisition.
“GridCARE is solving one of the biggest bottlenecks to AI data centers today — access to scalable, reliable power. Led by seasoned entrepreneur Amit Narayan, the team brings deep domain expertise and has already demonstrated strong traction with utilities and hyperscalers,
“Their differentiated, execution-focused approach enables power at speed and at scale. At Xora, we’re proud to support this exceptional team as they address one of the most urgent infrastructure challenges of our time,” said Peter Lim, Partner at Xora.
GridCARE is also actively partnering with utilities, such as Portland General Electric and Pacific Gas & Electric, who view better utilization of their existing grid assets as a way to increase revenues and bring the electricity cost down for all their customers.
Additionally, this collaboration stimulates local economies with billions of dollars of new investment and high-paying job opportunities.
“The rise of AI presents the biggest new electricity demand surge we’ve seen in decades,
“Collaborating with GridCARE and using advanced planning tools enables Portland General Electric to make more informed and faster decisions in bringing this critical infrastructure online with confidence,” said Larry Bekkedahl, Senior Vice President of Advanced Energy Delivery at Portland General Electric.