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About Phaidra
Industries
Industrial & Manufacturing
Energy
AI & Machine Learning
Company Size
51-200
Company Stage
Seed
Total Funding
$41.3M
Headquarters
Seattle, Washington
Founded
2019
Overview
Phaidra deploys artificial intelligence virtual plant operators to support operations teams in critical facilities. Their AI-powered control systems are designed to enhance stability, energy efficiency, and sustainability by learning and adapting over time. Unlike traditional static control systems that cannot adjust dynamically, Phaidra's technology continuously improves performance, addressing issues of degradation and lack of resiliency in industrial settings. The company has achieved notable success, such as delivering 40% energy savings at Google's data centers, and is expanding its solutions to various sectors, including pharmaceuticals and data centers. Phaidra's goal is to enhance operational efficiency and sustainability for its clients, generating revenue through the implementation and maintenance of its AI-driven systems.
Simplify's Take
What believers are saying
- Phaidra achieved 40% energy savings at Google's data centers, showcasing its effectiveness.
- The demand for AI solutions in industrial sectors is expected to grow by 25% annually.
- AI-based energy management systems are becoming essential in data centers, supporting Phaidra's offerings.
What critics are saying
- Increased competition from companies like Uptake and C3.ai could impact Phaidra's market share.
- Rapid technological advancements may require continuous innovation, straining Phaidra's resources.
- Potential data privacy concerns could lead to regulatory scrutiny affecting Phaidra's operations.
What makes Phaidra unique
- Phaidra offers AI solutions for mission-critical facilities, enhancing stability and energy efficiency.
- The company combines AI expertise from Google-Deepmind with industry knowledge from Trane and Johnson Controls.
- Phaidra's AI control systems adapt and improve over time, unlike static infrastructure.
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Funding
Total Funding
$41.3M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Parental Leave
Home Office Stipend
Company Equity
Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↑ 1%2 year growth
↑ 0%STT GDC partners with Phaidra for ai-enhanced data center cooling.
Phaidra founders, from left: CTO Vedavyas Panneershelvam, CEO Jim Gao, and COO Katherine Hoffman. (Phaidra Photo)Phaidra, a Seattle startup selling a “virtual plant operator” that uses artificial intelligence to manage industrial operations, raised $12 million in a new round led by Index Ventures. The startup, led by alum from Alphabet’s AI research hub DeepMind, launched in Seattle in 2019. Its technology helps facilities such as data centers improve energy efficiency by using an array of sensors that measure various metrics, and then analyzing that information with software. The company pitches its product as a way for customers to generate more compute capabilities required by AI systems.The rapid growth of AI is driving new demand for cloud computing infrastructure, which requires substantial energy. The amount of electricity used globally for data centers, AI and cryptocurrency could double from 2022 to 2026, according to the International Energy Agency.“Every data center operator knows they will need to be more efficient to meet this growing demand,” Phaidra CEO and co-founder Jim Gao said in a statement
Phaidra has raised $12 million to enhance data center management with its AI-powered control system, which adapts in real time and continuously improves. The platform integrates with existing systems to optimize performance and increase efficiency, leading to significant cost savings and more power for revenue-generating services. Co-founder and CEO Jim Gao, inspired by AlphaGo, aims to address the critical issue of power in AI innovation.
Phaidra, an AI-based control system that helps mission-critical facilities like data centers improve energy efficiency and increase compute.
PALO ALTO, Calif., Feb. 22, 2024 /PRNewswire/ -- S32, a leading venture capital firm founded by Bill Maris after building Google Ventures, today proudly announced the appointment of Dr. Andy Conrad, a leader in the application of technology and advanced data science, as General Partner. Dr. Conrad previously held numerous senior roles at Google, having most recently founded and served as the CEO and Executive Chairman of Verily Life Sciences (previously "Google Life Sciences"). He has held positions at GV ("Google Ventures") and X ("GoogleX"), and, during his tenure, worked with DeepMind, Google Cloud, Google AI and other technical and business teams across the Alphabet ecosystem
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About Phaidra
Industries
Industrial & Manufacturing
Energy
AI & Machine Learning
Company Size
51-200
Company Stage
Seed
Total Funding
$41.3M
Headquarters
Seattle, Washington
Founded
2019
There are no jobs for Phaidra right now.
Find jobs on Simplify and start your career today