Verse Raises $54M Series B to Speed Data Center Power

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Verse, an energy infrastructure company based in San Francisco, California, has closed an oversubscribed $54 million Series B round. The financing, announced on June 18, 2026, was led by Bessemer Venture Partners, with participation from GV, NVIDIA, Norrsken VC, and others.

The company makes energy management software that helps AI data centers get around one of the biggest bottlenecks in the industry: the long wait to connect to the utility grid. Data centers seeking grid connection often sit in interconnection queues for five to seven years before approval. Verse’s software optimizes on-site solar and battery storage so that data centers can avoid those queues and come online up to three years sooner.

As part of the announcement, Verse introduced Dispatch Intelligence, a new offering designed to orchestrate on-site energy resources alongside existing grid infrastructure. The goal is to intelligently manage power so a facility can run on a mix of its own generation and storage while still drawing on the grid where it makes sense.

The capital will go toward accelerating operations, with a stated goal of managing more than 100 data center sites within the next year. That is an ambitious target, but the timing works in the company’s favor, since demand for AI compute has put enormous strain on power availability.

The round follows a $20.5 million Series A led by GV in 2024 and brings Verse’s total disclosed funding above $74 million. The participation of NVIDIA is notable, given how central the company’s mission is to getting AI infrastructure online faster. With $54 million in fresh capital, Verse is positioned to scale its platform as data center developers race to secure reliable power.