Nvidia-backed Verse raises $54M for AI data centre power

This article was published on June 18, 2026 The San Francisco startup, led by Bessemer and backed by Nvidia, says its software lets data centres skip years-long grid queues by running on on-site batteries and solar, without ever throttling their compute. For years, the scarce resource in AI was chips. Now it is power. Verse Enterprises wants to unblock that bottleneck. The San Francisco startup has raised an oversubscribed $54mn Series B. Bessemer Venture Partners led the round. GV, Nvidia and Norrsken VC also took part. Data centres are scaling faster than grids can handle. In many regions, developers wait years just to plug in. Generation shortages, transmission bottlenecks and long interconnection queues all slow them down. The strain is everywhere. Denmark recently paused new grid connections after AI data centres overwhelmed its system. The EU has even asked households to cut power use at peak times. Verse says hundreds of data centres sit stuck in utility queues, which it claims leaves $500bn in annual revenue on the table. Verse’s answer is to jump the queue. Its new product, Dispatch Intelligence, manages on-site batteries and solar in real time. The grid then sees a flexib