Verse Brief
Other·Grid Interconnection·Series B·🇺🇸
Summary
Verse positions itself as an enterprise-focused bridge between AI data centers/large energy users and the grid, promising to accelerate interconnection and bring sites online “up to three years faster.” It sits adjacent to DERMS and market-analytics incumbents (EnergyHub, Intertrust Technologies, Power Factors, REsurety, Ascend Analytics) but differentiates with finance-ready dispatch, real‑time control and an explicit interconnection acceleration pitch. Recent signals — a $54M Series B led by Bessemer (June 18, 2026), a total $80.25M raised to date (including GV on the Series A), the Dispatch Intelligence product launch, and integrations with NVIDIA DSX plus commercial ties with Calibrant Energy — show go‑to‑market momentum and enterprise traction (Walmart, Meta, NVIDIA, BASF, LyondellBasell). The single key tension: can a ~9+ person organization scale delivery, commercial support and defend the niche against broader, incumbent players while unit economics and pricing (enterprise_custom) remain undisclosed.
Bull case
- Enterprise customer roster includes Walmart, Meta and NVIDIA, demonstrating success selling into large, hard‑to‑get buyers and validating the product for data‑center scale energy use cases.
- Substantive investor validation and growth capital: $54M Series B led by Bessemer (June 18, 2026) on top of a GV‑led Series A and prior seed — $80.25M disclosed in total, enabling an aggressive expansion and product roll‑out cadence.
- Product and ecosystem momentum: simultaneous Dispatch Intelligence launch, announced commercial tie‑ups with Calibrant Energy and an integration with NVIDIA’s DSX indicate both product advancement and strategic partnerships that accelerate enterprise adoption.
- Enterprise security posture and market focus: SOC 2 and ISO 27001 certifications plus GDPR/CCPA compliance align with requirements of the named customers and reduce an onboarding friction vector for large enterprises.
Watch-outs
- Competitor landscape is crowded and adjacent incumbents (EnergyHub, Intertrust Technologies, Power Factors, REsurety, Ascend Analytics) cover parts of the stack (utility DERMS, valuation, market simulation) — Verse must defend a narrow interconnection/dispatch wedge against broader platforms.
- Operational scale risk: Verse’s site lists a ~9+ headcount leadership and team footprint while serving multiple Fortune customers; execution, implementation capacity and customer success could be a bottleneck at enterprise scale.
- Commercial transparency unknown: pricing is listed as enterprise_custom with no published ACV or pricing tiers and the company provides no bottom‑up SAM; unit economics and contract durability are therefore unclear.
- Limited external validation: there are no identifiable third‑party customer reviews or public case studies beyond named logos, and the site presents only US wholesale market coverage (CAISO, ERCOT, PJM, MISO, SPP, NYISO), which may constrain growth or make claims harder to verify.
From their website
Stats they publish
Customers on site
8 namesPricing
Not publicly disclosed. The company website does not list its pricing on any of the 6 pages we read.
Key features
- Aria™
Core platform for enterprise energy management (comprises the modules below).
- Data Hub
Aggregates and standardizes electricity and natural gas prices and renewable price benchmarks.
- Planning
Creates energy transition roadmaps and cost‑effective procurement strategies using load, supply, and decarbonization goals.
- Valuation & Transact
Assesses clean energy offers and facilitates procurement of assets aligned to organizational goals.
- Utility Bill Management
Analyzes and forecasts utility costs and consumption across sites and regions for budgeting, reporting, and emissions tracking.
- Risk Management
Models load and generation portfolios (including vPPAs and financial hedges) to estimate budget impacts under scenarios.
- Portfolio Insights™
Analyzes clean energy portfolio cost and generation performance for invoice validation, forecasting, and variance explanation.
- Dispatch Intelligence
Real‑time management and optimization of storage and flexible assets to reduce grid strain and maximize asset value.
Target segments
Partners & collaborators
Compliance & certifications
- Trade name
- Verse Enterprises, Inc.
- Registered address
- 548 Market Street, Suite 35, San Francisco, CA 94104
- [email protected]
- Address
- 2 Embarcadero Ctr 8th FL, San Francisco, CA, 94111, US
Crunchbase
verified profile
- Verse Raises $54M Series BThe SaaS News · 2026-06-19
- Verse Raises $54M in Series B FundingFinSMEs · 2026-06-18
- Verse Enterprises, which wants to provide energy-management software for 100 data centers by 2027, raised a $54M Series B from Nvidia and others (Summer Maxwell/Bloomberg)Techmeme · 2026-06-18
- Nvidia-backed Verse raises $54M to help AI data centres skip the power queueThe Next Web · 2026-06-18
- Verse Raises $54M and Launches “Dispatch Intelligence” to Accelerate Speed to Power for Data Center Developers in Partnership with Calibrant EnergyGlobeNewswire · 2026-06-18
- Verse Raises $54M and Launches “Dispatch Intelligence” to Accelerate Speed to Power for Data Center Developers in Partnership with Calibrant EnergyVenture Capital Firms · 2026-06-18
- Google launches AI-powered mood board app ‘Mixboard’ to rival PinterestIndiaTimes · 2025-09-24
- Verse identified as vendor with market-leading functionality for PPA Market Intelligence & Forecasting in Independent Research Firm reportPR Newswire · 2025-09-09
Founders & Team
9- Seyed H. Madaeni, Ph.DFounderCo-Founder & CEOBefore founding Verse, Seyed served as Chief Digital Officer at Fluence (NASDAQ: FLNC), where he helped lead the company’s $5B+ IPO and built its digital business from the ground up—scaling its renewable software portfolio to more than 10GW.
- Matt PenfoldFounderCo-Founder & CCO
- Shehzad WadalawalaVP of Strategy
- Kate ReimerVP of Energy Storage Platform & Programs
- Amber ArtripHead of Marketing
- Jasmin MayHead of People
- Maria KoevskaHead of Product
- Nathan MurthyHead of Engineering
- Pascal SmuldersHead of Business Operations
Verse’s official site lists two co-founders—Seyed H. Madaeni (Co‑Founder & CEO) and Matt Penfold (Co‑Founder & CCO)—and names a small leadership team including VP Strategy Shehzad Wadalawala, VP Energy Storage Kate Reimer, and heads of Marketing, People, Product, Engineering, and Business Operations.
- All people and founder status are taken from Verse's own About / Leadership pages; several aggregator sites (Crunchbase, Tracxn, etc.) list additional names (e.g., David Tal, Antonio Vergara, Vinny Patalano) that do not appear on Verse's official leadership pages and therefore were not marked as founders here.
- Background details beyond titles are available only for Seyed H. Madaeni in the cited leadership bio; other leaders' prior experience/education is not stated in the cited pages.
- No LinkedIn URLs or comprehensive headcount were provided on the cited company pages; the team_size reflects the number of individuals explicitly listed on the official page.
Market Size
A focused, segment-specific top-down figure exists: Dataintelo reports the global Renewable Energy Orchestration for Data Centers market at USD 3.42B (2024), which aligns closely with Verse's product focus on data-center/grid orchestration. A defensible bottom-up SAM is not calculated because the company publishes no ACV/pricing and public counts of addressable US customers are not available.
- Dataintelo ↗USD 3.42 billion in 2024 · Global
- Stratistics MRC / StrategyMRC ↗USD 2.2 billion in 2025; expected to reach USD 5.9 billion by 2032, CAGR 15% · Global · 15% CAGR
- Grand View Research (AI Orchestration - Energy & Utilities) ↗USD 984.3 million in 2025; projected to reach USD 4,222.0 million by 2033, CAGR 20.3% (2026-2033) · Global · 20.3% CAGR
- Grand View Research (DERMS) ↗USD 780 million in 2025; projected CAGR 16.7% (2026-2033) · Global · 16.7% CAGR
- Company pricingEnterprise_custom — no published ACV or list pricing available on the company siteverse.inc (company site, KNOWN FACTS)
- Geographic scope of current operationsOperates and shows live dispatch across multiple US wholesale markets/ISOs (CAISO, ERCOT, PJM, MISO, SPP, NYISO); site contains no explicit international or non‑US marketverse.inc (company site, KNOWN FACTS)
- Recent ARR (evidence of traction)Reported annual revenue / ARR of $9.2M in 2025GetLatka (2025 revenue entry) — https://getlatka.com/companies/verse.inc
- Funding stage (evidence of scale)Raised $54M Series B led by Bessemer Venture Partners (June 2026); prior disclosed rounds include a $20.5M Series Averse.inc (company announcements / KNOWN FACTS)
- Why SAM is not estimated hereNo published per-customer ACV/pricing and no grounded public count of addressable US customers (data-center operators / large energy users) to construct a bottom-up SAMCompany site pricing page and available public disclosures (verse.inc); market reports do not publish consistent customer-counts
- TAM selected is a niche, data-center-specific orchestration figure (Dataintelo). Market-research vendors vary in scope and methodology; other reports (AI orchestration, DERMS, energy-system orchestration) produce materially different magnitudes.
- Verse currently shows live operation only in US wholesale markets per the company's site; a true SAM would be the US slice of the above TAM but a reliable regional split or per-customer ACV is not published, so SAM is not estimated.
- No public, verifiable per-customer pricing (ACV) is available from the company; bottom-up SAM requires published ACV or clear customer counts — absent those, any SAM/SOM would be speculative.
- Some cited market reports are paywalled or use proprietary methodologies; CAGR and category definitions are vendor-specific and should be treated as indicative rather than exact.
Competitors
Top 5Market splits between utility-focused DERMS and analytics/valuation firms; Verse sits in a niche offering enterprise-facing AI cost intelligence plus real-time dispatch and interconnection acceleration for on-site assets.
- EnergyHubenergyhub.com ↗Provides DERMS/Edge VPP solutions for utilities; Verse focuses on enterprise energy teams, offering finance-ready dispatch and faster interconnection for onsite assets.
- Intertrust Technologiesintertrust.com ↗Offers scalable DER orchestration and connectivity; Verse competes with enterprise-focused market dispatch and commercial customer traction while Intertrust emphasizes broad device connectivity.
- Power Factorspowerfactors.com ↗Provides renewable energy management (REMI/Unity) for asset operators; Verse differentiates with grid interconnection acceleration and enterprise financial intelligence.
- REsuretyresurety.com ↗Offers renewable energy valuation, LMP and market-risk analytics; Verse focuses on real-time dispatch and asset control for enterprises rather than PPA valuation services.
- Ascend Analyticsascendanalytics.com ↗Delivers power-market modeling, probabilistic analytics for developers/utilities; Verse is more execution-focused — dispatch automation and enterprise integration, less pure-market simulation.
Funding
- Seed Round$5.75MJuly 19, 2023Coatue leadMCJIncite.orgFuture PositiveTwine VenturesFirstminute CapitalMCJ CollectiveCollaborative FundCrunchbase ↗
- Convertible NoteJan 17, 2025cbonds.com ↗
- Series A$20.5MMay 22, 2024Google Ventures leadCIVCoatueMCJVerse ↗
- Series B$54MJune 18, 2026Bessemer Venture Partners leadNVIDIAGoogle VenturesNorrsken VCGVData Center Dynamics ↗
Verse (verse.inc) has disclosed three equity financings: a $5.75M seed (July 19, 2023), a $20.5M Series A led by Google Ventures (May 22, 2024), and a $54M Series B led by Bessemer Venture Partners (June 18, 2026). The itemized rounds sum to $80.25M.
- The $5.75M seed is reported in PR Newswire and related notices; no direct article URL was provided for that notice in the available source markers, so its URL is set to null here.
- The Series A amount is self-reported on the company's press release; other trackers (Crunchbase, PitchBook, Tracxn) list rounds for companies named 'VerSe' or 'Verse' that refer to different firms—those profiles have been excluded where they did not clearly match verse.inc.
- Some commercial databases' aggregate totals and profiles conflate multiple same-name companies (e.g., VerSe in India). The rounds above are only those clearly tied to Verse at verse.inc by press coverage or the company newsroom.
Momentum
- FundingJune 18, 2026Verse announced an oversubscribed $54M Series B led by Bessemer Venture PartnersGlobeNewswire ↗
- LaunchJune 18, 2026Launched 'Dispatch Intelligence' to accelerate speed to power for data center developersGlobeNewswire ↗
- PartnershipJune 18, 2026Teamed up with Calibrant Energy to provide full-stack on-site storage and solar deliveryThe Next Web ↗
- PartnershipJune 18, 2026Wiring Dispatch Intelligence into NVIDIA’s DSX AI Factory design for gigascale sitesThe Next Web ↗
- PressSeptember 9, 2025Identified as vendor with market-leading functionality for PPA Market Intelligence & Forecasting in independent research firm reportPR Newswire ↗
- FundingJanuary 17, 2025Convertible note (dated Jan 17, 2025)Cbonds ↗
- FundingMay 22, 2024Secured $20.5M Series A led by GVVerse (company press) ↗
- FundingJuly 19, 2023Closed $5.75M Seed roundCrunchbase ↗
Verse has concentrated public activity in the last 18 months, led by a $54M Series B (June 18, 2026), the simultaneous launch of its Dispatch Intelligence product, and announced commercial tie-ups with Calibrant Energy and integrations with NVIDIA’s DSX. Earlier rounds (Series A 2024, seed 2023) and a 2025 convertible note show consistent fundraising ahead of the 2026 expansion.
- Most recent signals cluster around the June 18, 2026 press package (company press release and industry coverage); several items are from the company press release.
- Several other unrelated organizations use the name 'Verse' online — records above were included only when the source and context clearly reference the verse.inc energy company.
- The cited convertible-note source links to a general cbonds glossary entry in the provided material rather than a company filing; confirm original filing for transactional detail if needed.
Customer Sentiment
No identifiable third‑party customer reviews appear to reference Verse (verse.inc). Public review pages under the name "Verse" in major review sites instead concern other companies (consumer payment app verse.me, lead-conversion vendor verse.ai, restaurants and unrelated apps), so there is no grounded public customer sentiment for verse.inc.
No third‑party customer reviews explicitly referencing Verse (verse.inc) are present in the public pages examined; available 'Verse' reviews relate to other entities (verse.me payment app, verse.ai lead-conversion software, restaurants, unrelated apps).
Multiple distinct companies use the trade name "Verse," producing name collisions across review platforms and making it impossible to attribute existing 'Verse' reviews to verse.inc without additional corroboration.
Absence of public reviews is common for early‑stage or enterprise B2B vendors (private pilots, procurement processes) and limits visibility on consumer‑facing review platforms.
No rating numbers or review quotes attributable to Verse (verse.inc) were found, therefore ratings and themes are withheld to avoid misattribution.
AI Visibility
We ask ChatGPT WITH web search about the company and show its answers plus the sources it cited — the real AI-search experience. The key signal is share of voice: does the company come up when AI is asked about its space, not just when asked by name.
Models asked ChatGPT · web search
Accuracy of what AI said: Partly accurate — Correct about founders, HQ, and that the company works on accelerating interconnection via partnerships; the assistant's ARR, valuation, and Series B funding claims appear unverified or overstated.
Verse is a San Francisco-based enterprise SaaS company founded in 2022 by Seyed H. Madaeni, Ph.D., and Matt Penfold. The company specializes in providing AI-powered software solutions to help organizations reduce the cost and emissions of their power consumption. Their platform, Aria™, assists corporate energy buyers in evaluating clean power goals, developing procurement roadmaps, and optimizing operational load and generation portfolios. (verse.inc)
As of 2025, Verse reported an annual recurring revenue (ARR) of $9.2 million and a valuation of $27.6 million. The company operates with a team of 46 employees. (getlatka.com) In June 2026, Verse announced the successful closure of a $54 million Series B funding round, led by Bessemer Venture Partners, with participation from GV, NVIDIA, and Norrsken. (verse.inc)
Verse's headquarters are located at 2 Embarcadero Center, 8th Floor, San Francisco, CA 94111. (verse.inc) The company's leadership team includes co-founders Seyed H. Madaeni, Ph.D., serving as CEO, and Matt Penfold as Chief Commercial Officer. (verse.inc)
Notably, Verse has partnered with Calibrant Energy to assist large power users, such as data center developers, in transforming their sites into grid-responsive assets using on-site energy systems. This collaboration aims to accelerate interconnection timelines, improve system utilization and costs, and enhance energy cost stability.
Here is a concise list of notable companies and products in the grid-interconnection space:
- Merit Controls: Provides advanced grid integration products and services for utility power generation, including turnkey control systems and power plant modeling services. (meritsi.com)
- Grid On: Offers grid advisory and EPC services, including utility coordination, interconnection, siting, and equipment procurement. (gridon.io)
- Yaskawa Solectria Solar: Develops grid-tied PV inverters ranging from 14kW to 750kW, along with energy storage solutions and PV combiners. (solectria.com)
- GridBridge: Provides power electronics-based solutions for electrical networks, including Fault Current Limiting Interrupters and Unified Power Flow Controllers. (grid-bridge.com)
- GridON: Specializes in Fault Current Limiting solutions to improve operational flexibility in distribution networks and enable mass deployment of distributed generation and renewable energy sources. (gridon.com)
- GridUnity: Offers cloud-based interconnection and energy analytics solutions, streamlining the interconnection process for utilities and transmission service providers. (gridunity.com)
- AMSC: Provides renewable generation and grid-integration solutions, including wind turbine technologies and grid-interface equipment to manage variability and meet interconnection standards. (amsc.com)
- Fluence: Delivers energy storage products and services, along with digital applications for renewables and storage, enabling the global clean energy transition. (fluenceenergy.com)
- GE Vernova: Offers a broad set of utility applications ranging from medium voltage to high and ultra-high voltage power equipment, supporting grid infrastructure. (gevernova.com)
- Southern States: Provides high-voltage switching solutions, including disconnect switches, power switching and protection, and grid automation products. (southernstatesllc.com)
In the grid interconnection sector, several companies and products stand out for their innovative solutions and contributions to integrating renewable energy sources into the power grid. Here are some notable examples:
1. Zero-Emission Grid (ZEG): ZEG offers advanced, data-driven solutions like REST® and Sitra™ for ERCOT, designed to streamline site selection, enhance grid planning, and support interconnection decisions. Their services cover all phases of interconnection, from site selection to due diligence. (zeroemissiongrid.com)
2. GridUnity: GridUnity provides the GridInterConnect™ platform, which automates the interconnection process for utilities and grid operators. This platform has been adopted by companies like Southern Company and Xcel Energy to manage large-generation interconnection processes efficiently. (gridunity.com)
3. Fortress Power: Fortress Power's Envy True 12kW is a high-performance, all-in-one hybrid inverter designed for whole-home and light commercial applications. It supports grid-tied, off-grid, or backup systems, facilitating seamless integration of renewable energy sources. (fortresspower.com)
4. X Utility: X Utility specializes in providing a complete suite of grid tie interconnection products and services, aiming to accelerate renewable project schedules for various technologies. (xutility.com)
5. SuperNode Limited: SuperNode is developing next-generation superconducting cable systems for bulk power transfer, aiming to enhance grid interconnection capabilities. (f6s.com)
6. Grid On: Grid On offers comprehensive services covering all stages of power infrastructure projects, including equipment procurement, installation, and commissioning, ensuring efficient and reliable grid interconnection. (gridon.io)
7. Pareto Energy: Pareto Energy has developed the GridLink Non-Synchronous Interconnection Platform, utilizing power electronics to integrate distributed energy resources and the grid more effectively. (paretoenergy.com)
8. EG4 Electronics: EG4's GridBOSS Micro-Grid Interconnection Device (MID) consolidates service entrance equipment, transfer switching, generator input, and hybrid inverter interconnects into a single 200A enclosure, simplifying complex solar installations. (truoffgrid.com)
9. GridIntel: GridIntel provides interconnection queue intelligence, offering insights into energy projects and their developers, which is crucial for understanding and managing grid interconnection processes. (gridintelhq.com)
10. GridEdge Networks: GridEdge offers the DERCOM platform, a turnkey utility-managed system that integrates distributed energy resources and electric vehicles from the distribution substation to the edge, facilitating real-time dynamic monitoring and control. (gridedgenetworks.com)
These companies and products exemplify the diverse approaches and technologies being developed to enhance grid interconnection, supporting the integration of renewable energy sources and the modernization of power systems.
The assistant did not surface Verse unprompted when listing or recommending grid-interconnection companies, but it did provide a recognizable description when asked by name. The named-company description contains plausible operational details but includes financial and funding claims that should be independently verified before relying on them.
- AI answers can vary run-to-run; absence from these category/recommendation lists here does not prove the company is never surfaced elsewhere.
- Financial figures and the Series B details cited by the assistant are not corroborated in the supplied company profile and may be inaccurate or outdated; verify with primary sources.
- Public web coverage for niche grid-interconnection startups can be thin and company websites often omit or limit disclosure of revenue and funding details.
Risks & Red Flags
No material public risk signals found. An absence of public concerns isn’t a clean bill of health — early or private companies may simply not generate coverage.
Search returned no on‑topic third‑party articles, regulatory filings, court records, or breach disclosures for Verse (verse.inc); this may reflect a low public profile rather than absence of issues.
Absence of public reporting is not definitive proof of no risk. Recommended follow-ups: commercial litigation and regulatory database searches, review of SOC 2 / ISO audit evidence, customer references, security questionnaires/pen tests, and direct confirmation of disclosed certifications and material contracts.
No source URLs were identified as directly concerning Verse (verse.inc) during this review; therefore no reviewed_source_urls are provided below.