The AI Race For Power — In conversation with Seyed Maedaeni (CEO of Verse)
The race to AI supremacy is no longer just a race for chips. It is a race for power.
New data centers can wait years for enough power to come online. Verse is building software and energy infrastructure to change that.
Join us for a conversation with Seyed Madaeni, co-founder and CEO of Verse, which recently raised a $54M Series B led by Bessemer Venture Partners, with participation from Google Ventures, Coatue, and NVIDIA.
Event starts at 4:30pm. Seyed will begin speaking at 5:00pm. Dinner will be served at 5:45pm.
Some of the questions we’ll explore:
Why Matt? What made Seyed decide this was the person he wanted to build with?
How do you choose the first people when the company you’re trying to build requires deep expertise across software and physical infrastructure?
How did the idea for Verse change between its founding in 2022 and today’s AI-driven power crunch?
What did investors misunderstand early, and what changed as Verse went from seed to a $54M Series B?
If you were starting Verse again today, what would you do differently?
About Seyed Madaemi:
Seyed Madaeni is the Co-founder and CEO of Verse, an energy infrastructure platform for the AI economy that has raised $80M+ from Bessemer, GV, NVIDIA, and Coatue and now manages 30GW of power. He holds a PhD in systems engineering from The Ohio State University, where he built mathematical models for energy market efficiency. Before Verse he was CEO of AMS, a market-bidding platform that turned battery storage into a dispatchable financial asset, and sold it to Fluence where he stayed on as Chief Digital Officer and helped take the company public in a $5B+ IPO. He started his career at PG&E and later built grid products at SolarCity and Tesla.
About Outcast Ventures:
Outcast Ventures is an early-stage venture firm co-founded by Andy Chen and Amy Lin, alums of Coatue, Kleiner Perkins, NFX, and YC. Outcast is built on the belief that founding teams matter more than founding ideas.
Outcast invest $500K–$1M at pre-seed and seed. Some teams are already formed. Others form through Catalyst.
Sponsors:
Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world’s most innovative companies and investors. SVB provides commercial banking to companies in the technology, life science and healthcare, private equity and venture capital industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA ), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC.
Fenwick is a leading law firm, purpose-built to guide visionary tech and life sciences companies and their investors through every stage of growth, from startups securing their first round of funding to leading publicly traded global enterprises. As one of Silicon Valley’s original legal practices, today we have over 600 lawyers, patent agents, engineers, and scientists serving clients all over the world. Named 2024 Practice Group of the Year for both Life Sciences and Technology by Law360, we are consistently ranked a Chambers first-tier firm for delivering the deep experience and technical skill that help innovators at the forefront of their industries shatter boundaries and redefine what’s possible.