Intersect
Intersect (formerly Intersect Power) develops, builds and operates "power-first" data center and energy campuses. These pair data centers with co-located wind, solar, battery storage and flexible gas generation, so they don't have to wait for grid connections. It was founded in 2016 by CEO Sheldon Kimber. In December 2024 Google and TPG Rise Climate led an $800M financing round, and the company had raised about $2.1B in total by 2025. Alphabet agreed in December 2025 to buy it for $4.75B in cash plus assumed debt, and the deal closed in March 2026. Intersect now operates as an independent Google subsidiary with more than 360 employees.
Funding
Every round, secondary, debt facility or acquisition involving Intersect that AI Lounge tracks, newest first. Latest: Acquisition on Dec 10, 2025.
Timeline · 2
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