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Stack / Compute & physical / sub-layer 3

Data-centre developers & power

Indicators

Venture flow

Data-centre developers & power: primary-round equity by quartereach segment links to its first round's record
Form D filings

Primary-round equity per calendar quarter: Form D amount sold where the entity files, Epoch's press-compiled rounds where the entity has no filing in the same quarter or within 45 days. Amendments replace their originals; SPVs and secondaries are excluded; Form D debt is listed in the table, not drawn.

Derived (venture_dollars_by_source) from: SEC EDGAR Form D (private offerings). SEC EDGAR Form D data sets.

The numbers
quartersourcekinddollarsrecord
Q3 2026Form D filingsequity$465Mreported
Q3 2024Form D filingsequity$160Mreported

Entities · 66

EntityRoleSinceVerifiedLatest observation
Agent
Market map: bvp_ai_datacenter_stack (bvp_dc: Transmission & Power Conversion), read 28 Sep 2026
primary—○ not yetnone
Alcor
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
American Terawatt
Market map: bvp_ai_datacenter_stack (bvp_dc: Transmission & Power Conversion), read 28 Sep 2026
primary—○ not yetnone
Amperesand
Market map: bvp_ai_datacenter_stack (bvp_dc: Transmission & Power Conversion), read 28 Sep 2026; renamed from Ampersand on review (28 Sep 2026)
primary—○ not yetnone
Applied DigitalCIK 0001144879primary—● yes291,557,618 shares · diluted_shares.q · 2026-08-31
Aravolta
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
Arbor
Market map: bvp_ai_datacenter_stack (bvp_dc: Power Generation), read 28 Sep 2026
primary—○ not yetnone
Ayr Energy
Market map: bvp_ai_datacenter_stack (bvp_dc: Transmission & Power Conversion), read 28 Sep 2026
primary—○ not yetnone
Base Powerprimary—○ not yetnone
Bedrock Robotics
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
Boom Supersonic
Market map: bvp_ai_datacenter_stack (bvp_dc: Power Generation), read 28 Sep 2026
primary—○ not yetnone
Boost Robotics
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
Built Robotics
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
Calibrant Energy
Market map: bvp_ai_datacenter_stack (bvp_dc: Power Generation), read 28 Sep 2026
primary—○ not yetnone
Claros
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026; Navitas Semiconductor agreed to acquire it, 25 Aug 2026; not closed when read
primary—○ not yetnone
Commonwealth Fusionprimary—○ not yetnone
Companion Energy
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
Core ScientificCIK 0001839341primary—● yes$-1.2B · net_income.q · 2026-06-30
DeepAware
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
DG Matrix
Market map: bvp_ai_datacenter_stack (bvp_dc: Transmission & Power Conversion), read 28 Sep 2026
primary—○ not yetnone
DroneDeploy
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
Emerald AI
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
ERock
Market map: bvp_ai_datacenter_stack (bvp_dc: Power Generation), read 28 Sep 2026
primary—○ not yetnone
Exowatt
Market map: bvp_ai_datacenter_stack, read 28 Sep 2026
primary—○ not yetnone
Flexnode
Own site flexnode.io, read 5 Oct 2026: Builds prefabricated modular data-centre units for AI and delivers the site, power, construction and operations under a single contract. Own site shows no named customer sites; outside press confirms an equipment partnership with Eaton announced in January 2026. Found in the Part 39 search for the map's empty parts and kept by the staff review; searched for acquisitions under the ledger's rule on 5 Oct 2026.
primary—○ not yetnone
Gecko Robotics
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
Geoforge.ai
Market map: bvp_ai_datacenter_stack (bvp_dc: Permitting & Site Selection), read 28 Sep 2026
primary—○ not yetnone
Gradient Robotics
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
GridAstra
Market map: bvp_ai_datacenter_stack (bvp_dc: Transmission & Power Conversion), read 28 Sep 2026
primary—○ not yetnone
GridBeyond
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
GridCARE
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
Gridware
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
Hammerhead
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
Heron Power
Market map: bvp_ai_datacenter_stack (bvp_dc: Transmission & Power Conversion), read 28 Sep 2026
primary—○ not yetnone
Hyperscale Power
Market map: bvp_ai_datacenter_stack (bvp_dc: Transmission & Power Conversion), read 28 Sep 2026
primary—○ not yetnone
Inertia
Market map: bvp_ai_datacenter_stack (bvp_dc: Power Generation), read 28 Sep 2026
primary—○ not yetnone
Ionate
Market map: bvp_ai_datacenter_stack (bvp_dc: Transmission & Power Conversion), read 28 Sep 2026
primary—○ not yetnone
IRENCIK 0001878848primary—● yes$465M · amount_sold_usd.pt · 2026-08-03
Lorica
Market map: bvp_ai_datacenter_stack (bvp_dc: Permitting & Site Selection), read 28 Sep 2026
primary—○ not yetnone
Mainspring
Market map: bvp_ai_datacenter_stack (bvp_dc: Power Generation), read 28 Sep 2026
primary—○ not yetnone
MaintainX
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
Mercury
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
Molg
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
Moment Energy
Market map: bvp_ai_datacenter_stack (bvp_dc: Transmission & Power Conversion), read 28 Sep 2026
primary—○ not yetnone
Nyxium
Market map: bvp_ai_datacenter_stack (bvp_dc: Permitting & Site Selection), read 28 Sep 2026
primary—○ not yetnone
OkloCIK 0001849056primary—● yes176,224,404 shares · diluted_shares.q · 2026-06-30
Paces
Market map: bvp_ai_datacenter_stack (bvp_dc: Permitting & Site Selection), read 28 Sep 2026
primary—○ not yetnone
Pado AI
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
PermitPal
Market map: bvp_ai_datacenter_stack (bvp_dc: Permitting & Site Selection), read 28 Sep 2026
primary—○ not yetnone
Radiant
Market map: bvp_ai_datacenter_stack (bvp_dc: Power Generation), read 28 Sep 2026
primary—○ not yetnone
Redwood Energy
Market map: bvp_ai_datacenter_stack (bvp_dc: Power Generation), read 28 Sep 2026
primary—○ not yetnone
Scout
Market map: bvp_ai_datacenter_stack (bvp_dc: Permitting & Site Selection), read 28 Sep 2026
primary—○ not yetnone
Senpilot
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
Soma Energy
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
Spark
Market map: bvp_ai_datacenter_stack (bvp_dc: Permitting & Site Selection), read 28 Sep 2026
primary—○ not yetnone
Squid
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
Supermicro
Own site supermicro.com, read 5 Oct 2026: Sells servers, storage and networking assembled into complete, ready-to-run racks for AI data centres. Large listed company; rack-scale systems are its core line. Found in the Part 39 search for the map's empty parts and kept by the staff review; searched for acquisitions under the ledger's rule on 5 Oct 2026.
primary—○ not yetnone
TeraWulfCIK 0001083301primary—● yes$19.0B · contract_usd.pt · 2026-07-06
TerraFirma
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
ThinkLabs
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
TS Conductor
Market map: bvp_ai_datacenter_stack (bvp_dc: Transmission & Power Conversion), read 28 Sep 2026
primary—○ not yetnone
Verse
Market map: bvp_ai_datacenter_stack (bvp_dc: Software & Orchestration), read 28 Sep 2026
primary—○ not yetnone
Watney Robotics
Market map: bvp_ai_datacenter_stack (bvp_dc: Construction & Maintenance), read 28 Sep 2026
primary—○ not yetnone
Wiwynn
Own site wiwynn.com, read 5 Oct 2026: Designs and builds servers and fully integrated racks for cloud and AI data centres. Large listed contract manufacturer. Found in the Part 39 search for the map's empty parts and kept by the staff review; searched for acquisitions under the ledger's rule on 5 Oct 2026.
primary—○ not yetnone
X-energyprimary—○ not yetnone
CrusoeCIK 0001924674secondary—● yes$3.1B · amount_sold_usd.pt · 2026-08-31

Seed lists come from the capture brief and are verified against filings one by one. A name here is not a claim about size or funding until an observation attaches.