"Gruve, which launched in 2024, partners with data center and colocation providers like Lineage and OpenColo to tap their unused power and space. The company says it now has access to roughly 500 megawatts of power across a network of data centers in major US cities. "The biggest challenge today in AI is we don't have enough power," said Tarun Raisoni, Gruve's CEO and cofounder. "We have found the stranded power, and we are bringing the software to stitch it together.""
"Gruve's Series A follow-on brings total funds raised to $87.5 million, the company said. Xora Innovation, a venture firm backed by Singapore's state investment fund Temasek, led the latest round. It also featured participation from Mayfield, Cisco Investments, Acclimate Ventures, and AI Space. Gruve now offers 30 megawatts available to order across four sites in California, New Jersey, Texas, and Washington, the company said, with customer data running in its California and New Jersey locations."
Gruve raised $50 million to close a widening power gap and enable AI inference by aggregating unused electrical capacity across data centers. The company launched in 2024 and partners with colocation providers such as Lineage and OpenColo to access roughly 500 megawatts across major U.S. cities. Gruve currently offers 30 megawatts available to order across sites in California, New Jersey, Texas, and Washington, with customer workloads running in California and New Jersey. Gruve routes requests to the nearest server to reduce latency and cost, works with neoclouds for hardware, and manages setup, operations, and engineering. Total funding reached $87.5 million led by Xora Innovation.
Read at Business Insider
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