Verse, an energy management platform, has raised $54 million in an oversubscribed Series B funding round led by Bessemer Venture Partners. GV, NVIDIA, Norrsken VC, and other investors also participated in the round.

The company said the funding will support product development and deployment as it scales its platform to meet rising demand from data centers. Verse expects to onboard more than 100 sites over the next 12 months and expand the on-site battery capacity under its management.

“The race to AI is now a race to power, and developers are losing time they don’t have. Most approaches to data center flexibility ask you to throttle your workloads, but Dispatch Intelligence takes a different approach. By orchestrating physical storage on-site, we deliver flexibility without impacting compute, so systems run full-tilt while the grid sees a flexible load, letting operators skip the queue without ever slowing performance,” said Seyed Madaeni, CEO & Co-founder, Verse.

Verse also launched Dispatch Intelligence, a new offering designed to help data centers coordinate on-site energy resources with existing grid infrastructure.

The company said Dispatch Intelligence can help data centers use battery systems and other technologies to reduce grid use during specified periods. Verse said this can help developers accelerate interconnection approvals and improve speed to power without affecting operations or reliability.

In 2024, the company raised $20.5 million in a Series A funding round led by GV (Google Ventures) with participation from Coatue, CIV, and MCJ Collective.

The company has partnered with Calibrant Energy, a provider of on-site energy projects for large power users. Through the partnership, Verse said data centers can use on-site energy assets to respond to grid conditions while maintaining reliability.

Verse is also integrating Dispatch Intelligence with NVIDIA’s DSX AI Factory reference design. The company said the reference design is intended to accelerate the construction, simulation, and operation of gigascale artificial intelligence data centers.

According to Mercom’s Q1 2026 Smart Grid Funding and M&A report, VC funding for Smart Grid companies increased 8% YoY, with $373 million raised in 14 deals in Q1 2026 compared to $346 million in 18 deals in Q1 2025.