Geek Wire
Summary
Phaidra, latest IDEA member and a startup building artificial intelligence tools for industrial customers ranging from vaccine manufacturers to paper mills, raised $25 million.
The startup, led by alum from Alphabet’s AI research hub DeepMind, launched in Seattle in 2019 and focuses on creating AI-powered tech that is both scalable and repeatable. This allows it to operate in an array of industrial verticals, such as data centers, refineries, pharmaceutical plants and steel mills located across the globe.
“Whether you’re talking pharmaceutical manufacturing or data centers — they both utilize similar heating and cooling technologies,” said Jim Gao, CEO and co-founder, in an email. “Phaidra’s approach is to create AI control systems for specific systems that apply across many different industrial applications.”
It has seen demand for its services grow as prices for energy and supplies climb around the world. The startup says its systems can reduce the energy consumption of a plant by up to 30%, increasing profitability and reducing emissions in the process.
“Energy efficiency is no longer a nice-to-have,” Gao said. “It is now business critical.”
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