Lowercarbon Capital
Facts
- HQ
- San Francisco, CA
- Sectors
- Venture Capital, Climate, Clean Energy
- Founders
- Chris Sacca, Crystal Sacca, Clay Dumas
Emerald AI raises $150M Series A at $1.05B valuation to make AI data centers grid-responsive
Emerald AI, a Washington, D.C. startup founded in 2024, raised $150 million in a Series A at a $1.05 billion valuation to commercialize software that makes AI data centers grid-responsive and help address rising power demand from AI infrastructure.
Emerald AI raises $150M Series A at $1.05B valuation to make data centers grid-responsive
Emerald AI, a Washington, DC startup that makes data centers responsive to grid needs via its Emerald Conductor platform, raised $150 million in a Series A at a $1.05 billion valuation. The round was co-led by Energize Capital and DCVC with participation from strategic investors including NVIDIA, Samsung Ventures, Siemens, Aramco Ventures and others; funds will expand operations and development.
SkyPilot, led by Databricks cofounder Ion Stoica, raises $20M seed to unify GPU compute across clouds
SkyPilot, founded by Databricks cofounder Ion Stoica and Zongheng Yang, raised $20 million in seed funding led by Lux Capital to help companies use and better utilize GPUs across multiple cloud providers, promising cost and efficiency gains.
Singularity Raises $80M Series A at $400M Valuation to Mass-Produce Low-Cost Air-Defense Interceptors
Los Angeles startup Singularity emerged from stealth with an $80M oversubscribed Series A at a $400M valuation to mass-produce low-cost air-defense interceptors using automotive-style assembly and a team from Tesla, Toyota, SpaceX, Anduril and Lockheed Martin; the company is already running multiple monthly flight tests. The round was led by Khosla Ventures and Felicis with participation from AE Ventures, NEA, Long Journey, Harpoon, Menlo Ventures, Y Combinator and others.
Oratomic Raises $300M Series A Led by Khosla Ventures to Build Fault-Tolerant Quantum Computers with 20,000 Qubits
Quantum startup Oratomic raised $300 million in a Series A round led by Khosla Ventures, ARCH Venture Partners, and Spark Capital in July 2026 to develop fault-tolerant quantum computers using 10,000 to 20,000 qubits. The company aims to achieve commercially practical quantum computing before 2030 by expanding its hardware fabrication and research teams.
Isometric Raises $40 Million Series A Led by AVP to Expand AI-Powered Industrial Certification Platform
Isometric, a London-based AI-powered certification platform for industrial markets, raised $40 million in a Series A round led by AVP with participation from Lowercarbon Capital, Plural, John Doerr, and Walter Kortschak to scale its platform and services globally.
Weekly Startup Funding Report: 24 Deals Raise $1.3B Ending 6/20/26 Highlighting KLIPY and Ergo
The Weekly Notable Startup Funding Report for the week ending 6/20/26 highlights over $1.3 billion raised across 24 startup deals, including significant rounds for companies like KLIPY ($3.8M) and Ergo ($2.8M). These startups operate in diverse sectors such as short-form media platforms and AI revenue infrastructure.
Fusion Startups Have Raised $7.1 Billion, Led by Commonwealth Fusion Systems’ $863M Round
Fusion startups have collectively raised $7.1 billion, with Commonwealth Fusion Systems accounting for about one-third of this private investment. Advances in computing, AI, and superconducting magnets, along with key scientific milestones, are driving rapid progress toward commercially viable fusion power.
Avalanche Energy Secures $29M Led by RA Capital to Develop Desktop-Sized Fusion Power and Launch FusionWERX Facility
Seattle's Avalanche Energy raised $29 million led by RA Capital Management to advance fusion power and open FusionWERX, a commercial-scale test facility in Washington. The funding supports developing compact fusion devices for specialized applications, diverging from competitors focusing on large-scale fusion reactors.
Seattle Fusion Startup Avalanche Energy Raises $14.9 Million to Advance Compact Fusion Devices
Seattle startup Avalanche Energy raised $14.9 million in a new funding round to develop compact fusion energy devices and pursue commercial applications. The company already secured $50 million from investors and contracts including a Pentagon deal and a $10 million state grant for a fusion testing facility.
Avalanche Energy Receives $10M Washington State Grant to Build FusionWERX Fusion Energy R&D Site
Avalanche Energy secured a $10 million grant from the Washington State Department of Commerce to build FusionWERX, a commercial-scale fusion energy testing facility in Richland, Washington, aimed at supporting fusion R&D and job creation. The facility will serve universities, companies, and government labs to advance fusion power technologies and the clean energy supply chain.
Zap Energy Secures $130M Funding and Advances Century Fusion Power Plant Demo System
Zap Energy raised $130 million in funding and is progressing on its Century system, a demonstration of key technologies for fusion power plants aimed at producing 50 megawatts per module. The Century device integrates power-generation components while the core fusion reactor FuZE-Q continues development.
Zap Energy Raises Nearly $130 Million to Develop Commercial Fusion Power, Total Funding Reaches $330 Million
Zap Energy, a fusion energy startup based in Everett, Washington, is raising nearly $130 million to advance its goal of developing commercially viable fusion power, bringing its total venture funding to approximately $330 million. The company is part of a growing fusion sector attracting billions in investment aiming to create clean, carbon-free energy.
Oddity Tech (Il Makiage, SpoiledChild) raises $424M in Nasdaq IPO at $35 a share; opens at $49.10, $2.8B market cap
Oddity Tech, the Israeli parent of Il Makiage and SpoiledChild, postponed a planned 2022 IPO and went public on Nasdaq under ticker ODD after strong financial gains; net income rose to $19.6 million for the year ending March 2023, up 553% year-over-year. The company raised nearly $424 million selling shares at $35, opened at $49.10 giving a $2.8 billion market cap, and reported SpoiledChild reached $100 million revenue in under a year.
Zap Energy Secures $5M DOE Grant for Fusion Power Development with FuZE-Q Device Targeting 2030 Grid Integration
Zap Energy received a $5 million grant from the U.S. Department of Energy to support its development of fusion power using its fourth-generation Z-pinch device, FuZE-Q, aiming for commercial fusion energy by 2030. Despite challenges, the DOE funding serves as a significant national-level endorsement of Zap's work toward achieving fusion breakeven.
Avalanche Energy Raises $40M Series A Led by Lowercarbon Capital and Hits 200 kV Fusion Milestone with Device Marty
Avalanche Energy, a Seattle-based micro-fusion startup, secured $40 million in a Series A funding round led by Lowercarbon Capital and announced a technology milestone operating its fusion device Marty at 200 kV. The company aims to develop small-scale fusion power with the potential for unlimited clean energy and plans to reach 300 kV within the next year.
Seattle's Zap Energy Raises $160M Led by Bill Gates and Creates Plasma in Fusion Prototype
Seattle startup Zap Energy announced a breakthrough in fusion power by creating plasma in its latest prototype and raising $160 million in funding led by Bill Gates' Breakthrough Energy Ventures. The company aims to achieve fusion breakeven by increasing current in its innovative Z-pinch device.
Avalanche Energy, Founded by Blue Origin Vets, Raises $5M to Develop Small-Scale Fusion Device, Achieves First Neutron Fusion
Avalanche Energy, founded by former Blue Origin executives Robin Langtry and Brian Riordan, is developing a small-scale fusion energy device and recently raised $5 million in seed funding. The Seattle-based startup has generated its first neutrons via fusion and secured an international patent, aiming for a simpler, scalable fusion solution.
CODA Farm Technologies raises $2.2M seed led by Lowercarbon to commercialize IoT traveling-sprinkler controllers
CODA Farm Technologies, founded by brothers from Wallace Farms, raised $2.2 million in seed funding led by Lowercarbon Capital to commercialize an IoT irrigation control platform for traveling sprinklers. The startup has sold 120 devices to 20 farms across eight U.S. states and Canadian provinces despite supply-chain challenges that forced hardware redesigns.
Zap Energy raises $27.5M Series B to develop magnet-free commercial fusion reactor
Seattle startup Zap Energy raised $27.5 million in a Series B to advance a magnet-free fusion reactor that stabilizes plasma with sheared flows, aiming to lower costs and speed deployment of low-carbon fusion. The company, founded in 2017 and rooted in University of Washington and Lawrence Livermore research, has now raised over $34 million total.
