AI data centre growth to drive Gradiant's push for $1B revenue. August 26, 2026 Water technology solutions company Gradiant aims to nearly double its revenues to USD 1 billion in the next three years, betting on the high growth in artificial intelligence (AI)-led data centre build-out across the world, a top official said on Tuesday. The US-based company, which provides end-to-end solutions for industrial wastewater treatment and reuse and pitches itself as a 'water layer of the AI Economy', is also counting on the growth of semiconductor manufacturing and renewable energy projects to drive its growth. The company, which currently generates revenue in the range of USD 500-750 million, is increasingly focusing on industries where water availability and recycling are becoming critical constraints. "We are currently in the range of USD 500 million to USD 750 million, and we are targeting revenue of USD 1 billion in 2-3 years," said Govind Alagappan, COO, Gradiant. "We want to be able to address the top five or 10 customers in every industry," he said, adding that the company does not want to pursue mass-scale customer acquisition. Gradiant has identified semiconductors, PCB manufacturing, solar and data centres as key growth areas in India. It is already involved in two of the largest semiconductor deployments in the country and has projects in the solar ingot and wafer manufacturing segment. As part of its growth strategy, Gradiant is expanding its Global Engineering Center (GEC) in Coimbatore, growing its engineering and project execution capabilities in India as it scales its global business across semiconductors, advanced manufacturing and other mission-critical industries. The expansion will increase the GEC's engineering workforce from approximately 100 to more than 200 professionals. The expanded centre will bring together multidisciplinary capabilities spanning process, detailed design and project engineering, enabling the team to take greater ownership of engineering and design for Gradiant's global projects. India is among Gradiant's strongest markets globally outside the US, with the country accounting for about 10 per cent of its revenue, Alagappan said. "India is extremely active, robust," he said, contrasting the market with the Middle East, where geopolitical tensions have affected new investments. The company said its Middle East revenue has taken a hit of around 20 per cent due to geopolitical tensions, with several new investments paused as customers await greater clarity. Existing service businesses, however, continue to operate. Outside the Middle East, India and the US remain strong markets, while the broader Asia-Pacific region continues to see activity, the company said. Gradiant closed its Series E financing in May 2026 at a USD 2 billion valuation, led by Safar Partners and Hostplus Superannuation Fund, with participation from ClearVision Ventures and other global investors. The funding will support acquisitions, research and development, operational scaling and IPO readiness. The company, however, has no fixed timeline for a public listing and is keeping its options open. "We are keeping our options open," he said, adding that an IPO is not necessarily the only route and that the company can continue to raise capital privately. On Tuesday, Gradiant announced the expansion of its global engineering centre in Coimbatore, growing its engineering and project execution capabilities in India as it scales its global business across semiconductors, advanced manufacturing and other mission-critical industries, according to the release. PTI

Gradiant expands US operations with new leadership, office openings, and long-term services contracts. Every microchip, data center, and megawatt of AI capacity depends on water. Today, Gradiant, the water layer of the AI economy, announced a series of milestones reinforcing its ability to solve that constraint across the United States: a new US leadership hire, three new offices, a new innovation center, and long-term services contracts, including one with a chip major. Gradiant named Dr. Nish Vora as Managing Director, Americas, to accelerate its growth momentum in the region. Dr. Vora is a proven growth leader whose career spans senior leadership roles at GE Water, Suez Water Technologies, and most recently Veolia Water Technologies and Solutions. His technical and commercial leadership is an excellent fit with Gradiant's culture of Innovation with Speed for its customers. Alongside the appointment, Gradiant opened new offices in Phoenix, Syracuse, and Philadelphia. The company also launched its Global Innovation Center in Houston dedicated to advancing next-generation treatment technologies for North America, and grew its US headcount by 55% year to date. Underscoring this momentum, Gradiant secured new long-term operations and maintenance (O&M) contracts, including one to run the ultrapure water (UPW) system for a chip major. Gradiant will manage water quality, reliability, and compliance, freeing the customer to focus on its core manufacturing operations. The win draws on Gradiant's global UPW expertise, including established teams in Europe, the Middle East, and Asia-Pacific, bolstered by a growing local US presence - an approach the company is applying as it scales O&M capabilities nationwide. Gradiant was selected for its customer-centric approach, speed of deployment, and depth of O&M expertise. "AI infrastructure doesn't get built without solving for water first, whether that's a fab, a data center, or a power plant," said Prakash Govindan, CEO of Gradiant. "Winning long-term O&M relationships like this one shows customers increasingly want a single accountable partner for water, not just equipment or one-off applications. That's exactly the role Gradiant is built to play as we scale across the US." Gradiant designs, builds, and operates the water layer underpinning the AI economy, across chips, data centers, energy, and applied industries. As AI infrastructure investment accelerates globally, water availability, reliability, and reuse are becoming as strategic as power and land in determining where, and how fast, that infrastructure gets built. "Our target is to reach US$1 billion in order book in the United States alone next year," said Dr. Nish Vora, Managing Director, Gradiant Americas. "With the team I am inheriting and the opportunity set in the market right now - the most activity I have seen in my three decades in the water industry - I am confident we will beat that target."

Gradiant, a water treatment solutions and technology company, has raised $400 million in Series E funding, according to filings with the US Securities and Exchange Commission. The round was led by Safar Partners and Hostplus Superannuation Fund, with participation from ClearVision Ventures. The company develops water treatment technologies for water-intensive industries, helping clients reduce, reclaim and renew water usage. Gradiant combines engineering, digital plant technologies and AI-powered automation to provide site-wide water solutions aimed at addressing global water scarcity. The company positions itself as a complete solution provider for industrial water challenges, focusing on cost savings and environmental sustainability across critical sectors including manufacturing and industrial operations.