Full-Time

Head of Finance

Posted on 12/20/2024

Phaidra

Phaidra

51-200 employees

AI virtual plant operators for industrial efficiency

Industrial & Manufacturing
Energy
AI & Machine Learning

Compensation Overview

$175k - $240kAnnually

+ Equity

Senior, Expert

Remote in USA

100% remote; no physical office.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Requirements
  • 10+ years of progressive financial management experience, with a focus on the technology and startup sectors.
  • Proven track record in financial planning, fundraising, and managing global financial operations.
  • Strong understanding of SaaS business models, subscription-based revenue, and cost management.
  • Expertise in accounting principles, tax compliance, and financial reporting.
  • Experience with international payroll and multi-jurisdictional financial operations.
  • Strategic thinker with excellent analytical skills and attention to detail.
  • Strong leadership and communication skills, with the ability to collaborate across teams and levels.
  • Advanced proficiency with financial tools and systems.
Responsibilities
  • Develop and execute Phaidra’s financial strategy, aligning with our long-term business goals.
  • Oversee financial planning, budgeting, and forecasting, ensuring data-driven decision-making.
  • Manage global financial operations, including accounting, tax compliance, and international payroll.
  • Partner with the leadership team on fundraising initiatives and maintain relationships with investors.
  • Identify and implement strategies to optimize costs and improve operational efficiency.
  • Ensure compliance with local and international financial regulations, and prepare accurate financial statements, reports as well as for Board meetings, investors, lenders, etc.
  • Build and lead a high-performing finance team to support Phaidra’s scaling efforts.
  • Act as a strategic partner to other departments, providing financial insights to support product development, hiring, and operational planning.

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 pharmaceutical production 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.

Company Stage

Seed

Total Funding

$41.3M

Headquarters

Seattle, Washington

Founded

2019

Growth & Insights
Headcount

6 month growth

17%

1 year growth

27%

2 year growth

74%
Simplify Jobs

Simplify's Take

What believers are saying

  • Phaidra achieved 40% energy savings at Google's data centers, showcasing effectiveness.
  • Growing demand for AI solutions in data centers aligns with Phaidra's offerings.
  • AI-driven predictive maintenance trends support Phaidra's focus on operational efficiency.

What critics are saying

  • Increased competition from AI-driven industrial solutions could impact Phaidra's market share.
  • Rapid AI advancements require continuous innovation, potentially straining Phaidra's resources.
  • Data privacy concerns in industrial AI use may lead to regulatory scrutiny.

What makes Phaidra unique

  • Phaidra offers AI solutions for mission-critical facilities, enhancing stability and efficiency.
  • Their AI control systems adapt and improve over time, unlike static infrastructure.
  • Phaidra's leadership combines expertise from Google-Deepmind and mission-critical systems knowledge.

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