Phaidra - About the company
Phaidra is a series B company based in Seattle (United States), founded in 2019 by Vedavyas Panneershelvam and Jim Gao. It operates as an AI-powered control systems for industrial facilities. Phaidra has raised $92.5M in funding from investors like Flying Fish Ventures, Index Ventures and Starshot Capital. The company has 270 active competitors, including 21 funded and 33 that have exited. Its top competitors include companies like NetApp, Inspur and Nominal.
Company Details
AI-powered control systems for industrial facilities. It is focusing on mission-critical operations like data centers, AI factories, pharmaceuticals, and energy plants.
- Website
- www.phaidra.ai/
- Email ID
- *****@phaidra.ai
Key Metrics
Founded Year
2019
Location
Seattle, United States
Stage
Series B
Total Funding
$92.5M in 5 rounds
Latest Funding Round
Investors
Ranked
6th among 270 active competitors
Employee Count
96 as on Jun 30, 2026
Similar Companies
Legal entities associated with Phaidra
Phaidra is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PHAIDRA INC CIN: 843751092 , United States, Active | Dec 31, 1999 | - | 42 (As on Dec 31, 2024) | - |
PHAIDRA INC CIN: 32077780933 , United States, Deadpooled | Feb 10, 2021 | - | - | - |
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Phaidra's funding and investors
Phaidra has raised a total funding of $92.5M over 5 rounds. Its first funding round was on May 28, 2020. Its latest funding round was a Series B round on Oct 01, 2025 for $*****. 5 investors participated in its latest round. Phaidra has 18 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Phaidra:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 01, 2025 | 9595976 | Series B | 7811122 | 4621176 | 6806012 | 8801103 |
Jul 02, 2024 | 6045937 | Series A | 1347250 | 9100546 | 1579770 | 6596089 |
Jul 15, 2022 | 2053257 | Series A | 6026651 | 1951605 |
View details of Phaidra's funding rounds and investors
Phaidra's founders and board of directors
Founder? Claim ProfileHere are the details of Phaidra's key team members:
- Vedavyas Panneershelvam: Co-Founder of Phaidra. Contact Info: 1 email address
- Jim Gao: Co-Founder & CEO of Phaidra. Contact Info: 1 email address
View details of Phaidra's Founder profiles and Board Members
Phaidra's employee count trend
Phaidra has 96 employees as of Jun 26. Here is Phaidra's employee count trend over the years:
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Phaidra's Competitors and alternates
Top competitors of Phaidra include NetApp, Inspur and Nominal. Here is the list of Top 10 competitors of Phaidra, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | NetApp 1992, San Jose (United States), Public | Provider of cloud based platform offering software for enterprise data management | - | 70/100 | |
2nd | Provider of cloud computing, data center, and enterprise software solutions | - | 65/100 | ||
3rd | Nominal 2017, Los Angeles (United States), Series B | Provider of a unified industrial data stack for hardware engineering | $182M | 63/100 | |
4th | Provider of industrial automation, control, measurement, and information technology solutions | - | 63/100 | ||
5th | Inductive Automation 2003, Folsom (United States), Unfunded | Industrial automation software solutions provider for SCADA, IIoT, MES, and more | - | - | 58/100 |
6th | Phaidra 2019, Seattle (United States), Series B | AI-powered control systems for industrial facilities | $92.5M | 58/100 | |
7th | HMS Networks 1988, Halmstad (Sweden), Acquired | Provider of industrial communication products for device connectivity and remote access | - | 53/100 | |
8th | Platform offering solutions for data center infrastructure maintenance | - | - | 50/100 | |
9th | Provider of an IoT-based industrial and energy automation platform | - | - | 49/100 | |
10th | Provider of a platform offering analytics processing solutions | $114M | 49/100 |
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Phaidra's Investments and acquisitions
Phaidra has made no investments or acquisitions yet.
Reports related to Phaidra
Here is the latest report on Phaidra's sector:
News related to Phaidra
Media has covered Phaidra for a total of 4 events in the last 1 year, 1 of them has been about partnerships.
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YC-backed David AI raises $50M to build diverse audio datasets for next-gen AITech Funding News•Oct 09, 2025•David AI, Alt Capital, Nvidia, Y Combinator and 13 others
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Phaidra Secures Over $50 Million in Series B Funding to Advance AI Factory InfrastructureGlobal Legal Chronicle•Oct 08, 2025•Phaidra
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Nscale Secures $433M Funding Days After $1.1B RoundStartup Rise EU•Oct 02, 2025•OpenAI, Microsoft, Nvidia, Nscale and 8 others
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ST Telemedia GDC partners Phaidra for DC management, Xenith IG for fibreTelecompaper•Aug 27, 2024•ST Telemedia Global Data Centres, Phaidra
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Seattle AI startup Phaidra raises $25M Series AThe Business Journals•Jul 19, 2022•Phaidra, Alphabet, DeepMind, Starshot Capital and 5 others
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Phaidra raises more cash from Mark Cuban and others to build the ‘future of industrial automation’GeekWire•May 24, 2021•Phaidra, Flying Fish Seattle, Section 32, Character and 1 other
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